November 18th 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 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 30 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 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!
Global marine shipping giant CMA CGM Group recently announced the rollout of seven new container ships powered by biogas to enhance and modernise services to the French West Indies. The ships will be delivered gradually starting in 2024 and will consist of four 7,300 TEU vessels and three 7,900 TEU vessels that will serve Guadeloupe and Martinique. The CMA CGM Group said it is committed to the energy transition and has set a target of becoming Net Zero Carbon by 2050. The dual fuel gas engine technology developed by CMA CGM in 2017 can use biogas as well as synthetic methane. CMA CGM already has 31 e-methane ready container ships in its fleet fitted with dual-fuel engines. It will have 77 of these vessels by 2026.
UGI Corporation announced that Cayuga RNG has entered into an agreement to develop its fifth project to produce RNG in upstate New York. Cayuga RNG is a joint venture of UGI Energy Services, a subsidiary of UGI, and Global Common Ventures. This new project will be constructed at New Hope View Farms which is in Cortland County in upstate New York. The project will modify an existing anaerobic biogas facility to generate RNG. The proposed project is expected to be completed in the second half of 2024 and include the construction of gas upgrading equipment at the existing facility. Once completed, the project is expected to produce approximately 35 million cubic feet of RNG annually that will be delivered to a local natural gas pipeline serving the regional distribution system.
Plans have been outlined to construct 130 biomethane plants in rural Ireland by 2030, and 9.5TWh by 2050, with an estimated 3,000 jobs being created and capital spending of €1Bn (at 2.5TWh). Ireland's government has set a target for domestic biomethane production of 5.7TWh by 2030. This amount equates to the 130 large-scale agricultural anaerobic digestion plants to be erected within eight years. The Irish Strategic Investment Fund is putting in place a dedicated Biomethane Fund of €200M, and the Renewable Gas Forum Ireland has made a submission to the Irish government for €100M of capital funding through 2025 to develop an initial 20 AD biomethane plants.
Methane from dairy cow manure will become sustainable RNG at a new Beresford, South Dakota facility that recently began operations. DTE Vantage announced that its partnership with two local farms will make a sizable, positive environmental impact, producing enough RNG to serve the equivalent of 4,325 homes. The methane from the two farms’ manure waste is used to produce RNG that is injected by subsidiary East Dakota Renewable Energy into a pipeline onsite. From there, Clean Energy Renewable Fuels sells and distributes transportation fuel through its distribution network to local communities in California.
For the latest articles on the RNG sector, click on the links below!
Nov 11-18, 2022
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