October 21st 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!
bp announced the acquisition of US-based RNG producer Archaea Energy for about $4.1 billion, the companies said on Monday, as the British energy supermajor seeks to expand its alternative fuels business. The deal will be the largest ever RNG acquisition, topping Chevron’s $3.15 billion buyout of biodiesel maker Renewable Energy Group Inc earlier this year. Archaea operates 50 RNG and landfill gas-to-energy facilities across the United States, and bp aims to grow Archaea's output five-fold by 2030 to 30,000 barrels of oil equivalent per day (boe/d), said the company. bp’s existing biogas business currently produces approximately 11,000 boe/d.
Shell is one of several companies involved in a second bidding round to acquire Danish biogas producer Nature Energy, three sources familiar with the matter said. It was not clear which companies other than Shell entered the second round of bidding. Nature Energy operates 12 biogas plants in Denmark and one in France and others are in the pipeline, according to its website. It plans to treat 4.4 million tonnes of waste in 2022 and convert them into 181 million cubic meters of green gas, which can be used for transportation or domestic heating. Shell is already a customer of Nature Energy, announcing a deal to purchase a portion of Nature Energy’s biomethane production in 2020.
TC Energy announced a $29.3 million investment in a RNG production facility near the Jack Daniel Distillery in Tennessee, US. The facility is owned by Lynchburg Renewable Fuels, and will produce RNG with a carbon intensity score that is 50% lower than natural gas - saving up to 16,000 tonnes of CO2e/ year. The plant is expected to be operational in 2024, with waste products from the Jack Daniel's distilling process recovered and processed to produce pipeline-quality RNG that will be directly connected to a local natural gas utility. Liquid fertiliser will also be produced in the process and will be distributed to meet local agriculture demand. TC Energy will market 100% of the RNG production and environmental attributes, which include renewable identification numbers and low carbon fuel standards.
For the latest articles on the RNG sector, click on the links below!
Oct 14-21, 2022
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