September 30th 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!
As the energy sector looks for any opportunity to decarbonize its operations, RNG becomes an increasingly attractive option for gas consumers looking for a product with net negative emissions. Major RNG producers across the U.S. have noted the continual growth of the gas, and many don’t expect that growth to end in the near future. RNG has primarily been used in the transportation sector in the past in the U.S., but its uses have grown to include power generation, thermal generation, and potentially sustainable aviation fuel.
The French government announced two additional measures to accelerate the production of biogas in France, including a revaluation of the purchase rate against inflation. At the end of June, 442 installations, mostly agricultural methanizers, were injecting renewable methane into the natural gas networks, resulting from the fermentation of organic matter. Their total production capacity is 7.6 terawatt-hours (TWh) per year, or +18% compared to the end of 2021, the Ministry of Energy Transition said Friday. But France wants to increase the share of renewables to at least 10% of its gas consumption by 2030, compared to about 2% today. To achieve this, a regulatory measure was announced on Friday, introducing an increase in the biomethane purchase price to take account of inflation. Another measure, requested by the sector, is an extension of the deadline for the commissioning of projects whose procedures have been completed but whose construction is behind schedule.
The cost of energy is historically high in Belgium and, to add to the problem, fossil fuels are becoming scarcer. To adapt, farmers in Wallonia are developing more sustainable and local alternatives, including the transformation of organic matter produced by their livestock into biomethane (renewable natural gas) to heat farm buildings or sell as CNG. Wallonia has a high potential of 8.7 Tw/h in terms of biomethane and other studies even suggest the figure could go up to 15 Tw/h. This would represent 10% of the annual gas consumption in Belgium.
The European Commission and industry leaders, committed to the green energy transition, have launched the Biomethane Industrial Partnership (BIP). This new public-private partnership was announced in the REPowerEU Plan. It aims to support the achievement of the target to increase annual production and use of biomethane to 35 billion cubic metres by 2030. This will reduce Europe’s dependency on natural gas from Russia in a cost-effective way. At the same time, it will substantially contribute to an integrated net-zero energy system, diversifying farmer’s incomes and ensuring a circular approach.
For the latest articles on the RNG sector, click on the links below!
Sep 23-30, 2022
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