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TSX GRN
LAST 0.65
CHANGE -0.02

September 2nd 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 announces expansion of senior management team

Greenlane announced that Alex Chassels has joined Greenlane in the newly created role of Chief Operating Officer. Additionally, the Company is announcing the promotions of Maura Lendon to Chief Legal Officer and Sandra Keyton to Chief Human Resources Officer. Mr. Chassels brings over 25 years of experience and a track record of executive leadership in  business transformation and operations optimization in growth-oriented technology companies with innovative products and complex global supply chains. "I am excited to announce the expansion of our senior management team and the appointment of Alex Chassels as Chief Operating Officer. Alex will help us scale, transform and optimize our operations as we build on our strong reputation in the sector and further invest in the business to continue building Greenlane into a leading global biogas upgrading system provider,” said Brad Douville, Chief Executive Officer.

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.

THE LATEST

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!

Germany is betting on more biogas production to save natural gas with a view to possible shortages during the winter. The government will remove regulatory hurdles to an increase of domestic biogas production, energy state secretary Patrick Graichen said. Utility association BDEW welcomed the announcement to remove existing barriers to the "as yet untapped potential." The lobby group estimates that 100 terawatt hours of biomethane per year could be produced in Germany and fed into the gas grid by 2030 - about a fifth of the Russian gas consumed by Germany last year.

The Inflation Reduction Act (IRA) of 2022 is a game-changer for anaerobic digester and other renewable energy projects, on multiple levels. The $749 billion IRA includes $369 billion for climate-related emissions reduction activities. The IRA aims to expand access to tax credits (plus billions of dollars in complementary funding) for biofuel and other renewable energy projects, and it’s widely expected to drive a surge in new capital across the renewable energy space. Capping a two-decade struggle to secure credits for “green gas” not linked to electricity generation, the IRA creates a stand-alone 30% investment tax credit (ITC) for any “qualified biogas property system” that converts biomass to gas containing at least 52% methane for sale or productive use.

The U.S. Environmental Protection Agency’s AgSTAR program has been tracking development of manure-based anaerobic digestion (AD) facilities for many years. Its latest data, which is current through May 2022, reports there are 331 manure-based AD systems, up from 272 in 2021. Nine new systems have come online since the beginning of 2022, and another 85 are currently under construction or undergoing modification. Of the 331 operating livestock manure digester systems, 113 are producing RNG (includes pipeline injection and compressed natural gas projects) in the United States.

For the latest articles on the RNG sector, click on the links below!

Aug 26-Sep 2, 2022

Germany plans to increase biogas production to substitute Russian imports

The Inflation Reduction Act of 2022 is a game-changer for anaerobic digester and other renewable energy projects

Manure anaerobic digester sector on the grow

Greenlane Renewables

Email: IR@greenlanerenewables.com
Phone: 604.493.2004
Address: 110 - 3605 Gilmore Way, Burnaby BC V5G 4X5, Canada.