May 5th Issue of Greenlane Digest
IN THE NEWS
Greenlane (TSX:GRN) is a pioneer in the rapidly emerging renewable natural gas (RNG) industry. 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 to announce Q1 2023 results on May 11, 2023 and host conference call
Greenlane intends to announce its 2023 first quarter financial results on Thursday, May 11, 2023 after markets close, followed by a conference call at 5:00 PM ET (2:00 PM PT). Representing management will be Brad Douville, Chief Executive Officer and Monty Balderston, Chief Financial Officer. The public is invited to listen to the conference call in real time by telephone. To access the conference call by telephone, please dial: 1-888-396-8063 (North America toll-free) or 1-416-764-8652. 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 over 35 years of industry experience are fierce competitive advantages.
Today, we are a trusted partner globally and are ranked number one in installed capacity, having sold over 140 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!
WM Inc., formerly known as Waste Management, provides waste collection, recycling, and disposal services throughout the US and Canada. With infrastructure and capabilities in recycling, organics, and renewable energy, WM is North America’s largest waste management company. More than a trash collector, WM has been aggressively investing in RNG and plans to spend approximately US$1.215 billion for capital expenditures between 2022 and 2025 to expand its RNG infrastructure with the goal of outfitting its entire natural gas fleet with RNG by 2026. During its recent investor day presentation WM announced that it expects its RNG investments to generate US$450 million in free cash flow in 2026, when expansion plans are scheduled to be complete, and stabilize at or above US$400 million in the following years.
NW Natural, a subsidiary of NW Natural Holding Company, and BioCarbN, a developer and operator of environmental infrastructure projects, began production at a second RNG facility, as part of an innovative project partnership with Tyson Foods. The facility is in Dakota City, Nebraska, with NW Natural investing approximately US$12 million to convert methane captured from the facility’s operations into RNG to heat homes and businesses. The first project began at Tyson’s Lexington, Nebraska operations in January 2022. At full capacity, the two projects combined are expected to produce about 240,000 MMBtu of RNG each year – enough RNG to provide heat for more than 5,400 homes annually.
For the latest articles on the RNG sector, click on the links below!
Apr 28-May 5, 2023
NW Natural begins producing RNG at second Tyson Foods facility
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