Post by
DDT980 on Nov 13, 2022 12:30pm
Canadian RNG
Satellite photos show a landfill near Montreal is emitting 1.2 MT of methane per hour or about 10,500 MT per year. That is equivalent to emitting 841,000 MT of CO2 per year. Methane is 80 times more intense than CO2 over 20 years so the penalty for emitting that amount of CO2 in Canada is $42 million per year. There are several Canadian equipment suppliers like XBC, GRN, ANRG that can provide equipment for projects that will avoid penalties and make RNG out of the rogue methane. A bonus is that the RNG will displace fossil gas.
But wait! Those companies have to go to the US where the there is no penalty or to Italy, Brazil, and other faraway places to get business. They are small caps and incur the heavy costs of doing business overseas and their margins are far to small to cover those costs as well market development costs. Maybe its time to develop more of these projects in Canada. The Canadian gas association says there is enough potential RNG in Canada to offset about 36% of the current gas usage. This can be a thriving industry and create many new manufacturing jobs. TD, BMO and other banks are reviewing these small caps as if they were Bechtel and Siemens. They should take the time to learn about the RNG industry’s potential and use analysts that have at least an iota of business experience.