October 14th 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!
Chevron U.S.A. Inc. (Chevron) and California Bioenergy LLC (CalBio) announced a joint investment in their second holding company to produce and market dairy biomethane RNG transportation fuel in California, with Chevron providing the initial funding to build infrastructure for dairy biomethane projects in California’s Merced County. Chevron will also provide additional funding for as many as seven digesters and one central upgrading facility across a cluster of dairy farms in Merced County. The cluster of digesters has been awarded California Department of Food and Agriculture grants, which must be augmented with additional capital to complete the projects. When complete, expected in 2023, Chevron will take 100 percent of the RNG produced to market in the California vehicle fuels market.
NGVAmerica and the RNG Coalition announced that California fleets fueled with bio-CNG achieved carbon-negativity last calendar year for the second straight year. Ninety-eight percent of all on-road fuel used in natural gas vehicles in California in 2021 was RNG. According to data from the California Air Resources Board (CARB) the annual average carbon intensity score of bio-CNG in that mix was -44.4 gCO2e/MJ. RNG use as a transportation fuel in California grew 163 percent over the last five years. NGVAmerica and the RNG Coalition report that in 2021 a total of 178.37 million gallons equivalent of natural gas were used as motor fuel in the state. Of that, 174.28 million gallons equivalent were from renewable sources.
Advanced Biofuels Canada president Ian Thomson recently discussed the impacts of the coming Canadian Clean Fuel Regulations (CFR) next summer on the domestic biofuels industry. On July 1, 2023, Canadian’s access to low carbon fuels will get a boost when the CFR comes into force. The regulation will require fossil fuel suppliers to gradually reduce the carbon content of the gasoline and diesel they market. To generate “compliance credits”, they can supply electricity, renewable natural gas, and hydrogen to alternative fuel vehicles, and they can employ technologies such as carbon capture at fossil fuel production facilities. The option expected to see the largest near-term response to the regulation is the blending of biofuels and renewable synthetic fuels into gasoline and diesel. The potential impact of the CFR on the biofuels sector can be seen in other markets with similar regulations, such as British Columbia and California. Biofuels create more than 80 per cent of credits in those markets. In B.C., the last half decade of the Low Carbon Fuel Standard (LCFS) has seen biofuel blending grow faster than anywhere else in Canada. The BC LCFS is expected to represent over 30 per cent of the total reductions under the CleanBC Roadmap to 2030. In the California LCFS, renewable content in the diesel pool is approaching 30 per cent.
For the latest articles on the RNG sector, click on the links below!
Oct 7-14, 2022
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