March 4th Issue of Greenlane Digest
IN THE NEWS
Greenlane (TSX:GRN) is a pioneer in the rapidly emerging renewable natural gas (RNG) market. We work with waste producers, gas utilities, and project developers to turn low-value biogas into a valuable low-carbon and carbon-negative clean energy resource. As a leading global provider of biogas upgrading systems, we are helping to clean up two of the largest and most difficult-to-decarbonize sectors of the global energy system: the natural gas grid and the commercial transportation sector.
Greenlane issued the following news release this week:
Greenlane will announce its 2021 fourth quarter and fiscal year financial results on Thursday, March 10th, 2022 after markets close, followed by a conference call at 5:00 PM ET (2:00 PM PT). The public is invited to listen to the conference call in real time by telephone. To access the conference call by telephone, please dial: 1-800-319-4610 (Canada & USA toll-free) or 1-604-638-5340. Callers should dial in 5-10 minutes prior to the scheduled start time and ask to join the Greenlane Renewables conference call.
Greenlane is a pure play in the RNG space, offering multiple core biogas upgrading technologies, in use and proven in the industry today. Biogas upgrading sales are forecasted by industry to grow at a minimum 30% compound annual growth rate (CAGR) over the next five years in North America and Europe. Our demonstrated leadership in biogas upgrading, scope and breadth of product offerings, and 30+ years’ industry experience are fierce competitive advantages.
Today, we are a trusted partner globally and are ranked number one in installed capacity, having sold more than 135 biogas upgrading systems into 19 countries and counting. We’ve learned a lot along the way. First to market in 12 of the 19 countries where our systems have been sold, we’re also proud to have supplied the systems for many of the largest RNG production facilities in the world.
Through the Greenlane Digest, our goal is to provide weekly updates and the latest articles on the RNG industry. Make sure you forward our newsletter to your contacts!
Chevron announced it is acquiring Renewable Energy Group, a sustainable fuels producer, in a $3.15 billion bid to accelerate its transition toward clean energy. The transaction is expected to accelerate progress toward Chevron’s goal to grow renewable fuels production capacity to 100,000 barrels per day by 2030 and brings additional feedstock supplies and pre-treatment facilities.
In the fall of 2021, the U.S. and 110 other countries committed to reduce methane emissions 30% by 2030 with the Global Methane Pledge, which some believe could be a call to action for the solid waste management industry, as about 30% of U.S. emissions come from decomposing organic waste. RNG derived from organics could play a role in quickly addressing and mitigating these emissions, says Energy Vision, a nonprofit research group. Based on the nonprofit’s research, capturing half of the methane emitted by decomposing organics to produce RNG can achieve 50% of the pledged total methane emissions reduction by 2030. Energy Vision also found in its analysis of technologies available for garbage-hauling refuse fleets that trucks with RNG engines powered by organic waste-derived fuel achieved the greatest environmental benefits at the lowest cost.
A researcher from the University of Saskatchewan is working to develop a novel integrated process to produce RNG from crop and forestry residues. With Saskatchewan’s north home to a boreal forest that is larger than Germany, and its south making up nearly half of Canada’s cropland, the province’s agriculture and lumber industries alone produce approximately 24 million tonnes of biomass residues annually. The process aims to make cost-efficient biomethane from the vast volume of agricultural biomass available on the Prairies.
A new study shows that B.C.’s renewable and low carbon gas supply could be double current gas use by 2050. The joint study commissioned by the Government of British Columbia, FortisBC and BC Bioenergy Network examined the potential production of renewable and low carbon gases using solely B.C. resources by 2030 and 2050, as well as examining overall potential production in Canada and the United States. If the renewable and low carbon gas industry continues to grow, in both capacity and technological innovation, the province has the potential to produce up to 50 PJ of renewable and low carbon gases annually by 2030 and up to 440 PJ by 2050.
For the latest articles on the RNG sector, click on the links below!
Feb 25-Mar 4, 2022
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