Greenlane Renewables Inc T.GRN

Alternate Symbol(s): GRNWF

Energy Technology

Greenlane Renewables Inc. is a Canada-based company, which provides biogas upgrading systems. Its systems produce clean, renewable natural gas from organic-waste sources including landfills, wastewater treatment plants, dairy farms, and food waste, suitable for either injection into the natural gas grid or for direct use as commercial vehicle fuel. The biogas upgrading systems, marketed and sold by the Company under the Greenlane Renewables brand, remove impurities and separate carbon dioxide from bio methane in the raw biogas created from the anaerobic decomposition of organic waste at landfills, wastewater treatment plants, farms, food waste streams, and other feedstock sources. It is deploying the three main upgrading technologies: water wash, pressure swing adsorption, and membrane separation, plus biogas desulfurization technology. It has delivered over 140 biogas upgrading systems into 19 countries, including some of the renewable natural gas production facilities in the world.

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Greenlane Renewables Inc

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Post by retiredcfon May 02, 2022 8:58am

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TD

The Transition Tracker

Energy Transition Charts, Comparatives, and Commentary

TD Investment Conclusion

In the following pages, we summarize several pricing benchmarks and data sets that are relevant to our Clean Technology coverage universe, as well as provide an update on sector valuations and comparatives, and recent announcements from Clean Technology sector companies.

Notable Changes in Pricing Benchmarks

1) California LCFS Q4/21 Report: CARB released its quarterly summary for Q4/21 and our key takeaways are as follows:

Total credits generated exceeded deficits for the third quarter in a row, which will almost certainly be negative for LCFS pricing. This week, average LCFS pricing decreased 12% to $142.84/ton, its lowest level since May 2018. The oversupply of credits is largely due to continued growth in renewable diesel, as well as a 9% sequential decline in deficits, partly due to lower gasoline demand (likely brought on by higher gasoline prices).
RNG credit generation plateaued in Q4/21 (down 1% sequentially), with credits derived from landfill gas projects declining by 3% sequentially (driven by switching to long-term contracts with natural-gas utilities) and growth in other feedstock pathways slowing.

Clean Technology Sector News and Highlights

1) Anaergia Inc (ANRG-T, SPECULATIVE BUY, $30.00 target price) announced the commissioning of its first BOO facility in Italy (full report).

2) Carbon Streaming Corp. (NETZ-NEO, SPECULATIVE BUY, $13.00 target price) provided an update focused on its Indonesian exposure as the local government has temporarily paused the validation of carbon credits (full report).

3) Greenlane Renewables Inc. (GRN-T, SPECULATIVE BUY, $1.60 target price) announced a $11.4 million order (full report).

4) Xebec Adsorption Inc. (XBC-T, HOLD, $2.25 target price) announced that its HyGear subsidiary signed a contract with Aramco Overseas Company B.V. to conduct a FEED study for packaged hydrogen generators (press release).

5) Other Updates Aemetis (AMTX-US, not covered) will supply JetBlue with sustainable aviation fuel (press release), Archaea Energy Inc. (LFG-US, not covered) announced an agreement to acquire NextGen Power Holdings LLC for US$215 million (press release), and Plug Power (PLUG-US, not covered) announced a joint venture (press release).