{"id":123686,"date":"2024-08-12T17:02:04","date_gmt":"2024-08-12T15:02:04","guid":{"rendered":"https:\/\/efecomunica.efe.com\/?p=123686"},"modified":"2024-08-12T18:01:51","modified_gmt":"2024-08-12T16:01:51","slug":"lfg-rng-production-more-than-double-2030","status":"publish","type":"post","link":"https:\/\/efecomunica.efe.com\/en\/lfg-rng-production-more-than-double-2030\/","title":{"rendered":"LFG-to-RNG production to more than double by 2030"},"content":{"rendered":"<div>\n<div>Statement issued by the company (Announcement)<\/div>\n<p>Landfill gas remains the most popular feedstock option for renewable gas production (LFG-to-RNG), but project pre-tax breakeven prices can range, with success relying heavily on location and scale, according to a new report from Wood Mackenzie.<\/p>\n<p>LIn the report \u201cTrashing your way to a cleaner future: landfill gas as a feedstock for RNG in North America\u201d Wood Mackenzie finds that LFG-to-RNG capacity has nearly doubled in the last five years, and the prospect for more activity is considerable, with only 10% of the resource potential currently being utilized in North America.<\/p>\n<blockquote><p>\u201cThe LFG-to-RNG sector has been extremely active in the last two years with new project ramp-ups, blockbuster M&amp;A deals and new players entering the market,\u201d said Dulles Wang, director of research at Wood Mackenzie.<\/p><\/blockquote>\n<p>\u201cThe sector is also consolidating, with the top seven developers making up more than 60% of the market today. As RNG is a direct substitute for fossil-based natural gas, there is tremendous potential for future growth and its prospects in carbon reduction goals.\u201d<\/p>\n<p>According to the report, four main factors contribute to the ultimate success of an LFG-to-RNG project, which include:<\/p>\n<ul>\n<li>Economies of scale: Economies of scale have the largest impact on project costs, as studies have noted a stronger correlation between cost and scale than cost and upgrader technology type.<\/li>\n<li>Location: An RNG upgrader\u2019s proximity to a landfill has the largest impact on the interconnection costs and states with more stringent environmental regulations can increase costs as well.<\/li>\n<li>Upgrader technology: Capital costs for upgraders can vary based on technology type.<\/li>\n<li>Operational efficiency: Operating costs can range from 3% to over 60% of capital costs, with a significant portion coming from utility costs.<\/li>\n<li><\/li>\n<\/ul>\n<p>\u201cWhen factoring all of these drivers into play, making an LFG-to-RNG project work requires collaboration between landfill owners and RNG developers, and costs vary significantly from project to project,\u201d said Wang. \u201cDespite cost variations, LFG-to-RNG is the lowest-cost option for RNG production, and the subsidy value of RNG could reach over US$20\/mmbtu when considering stacking of different Environmental Attributes.\u201d<\/p>\n<p>According to the report, currently RNG pre-tax breakeven price ranges from US$4 to US$35\/mmbtu, with an average of US$15\/mmbtu.<\/p>\n<p><strong>Market poised for growth<\/strong><\/p>\n<p>Wood Mackenzie forecasts that the resource potential could exceed 5 billion cubic feet per day (bcfd) by 2050, up from less than 4 bcfd today, and that production could reach 2.2 bcfd by 2050, up from .3 bcfd today.<\/p>\n<p>\u201cWith population growth, we expect more landfills,\u201d said Wang. \u201cLandfills are one of the largest sources of methane and increased scrutiny by governments on methane regulation will likely boost more LFG-to-RNG conversions. Not to mention, policy incentives have targeted the RNG industry as demand for it rises \u2013 especially in the transport sector. The relatively lower carbon intensity (CI) of the LFG-to-RNG process on a life-cycle basis compared to conventionally produced natural gas provides the economic justification for the subsidies. we expect more LFG-to-RNG projects to take off due to attractive economics.\u201d<\/p>\n<p>Wang notes that challenges still exist, such as the relatively high CI compared to other RNG technologies potentially driving investors away as they seek higher returns from subsidies. Challenging economics for small-scale or more remote projects may also hinder the pace of long-term project development as costs rise for second tier resources, while inflationary pressures in recent years may affect cost breakevens structurally.<\/p>\n<p>\u201cDespite some challenges and unknowns, we see a bright future for LFG-to-RNG,\u201d said Wang. \u201cRNG will play an increasing role in decarbonizing North American economies, and with LFG-to-RNG capacity nearly doubling in the last five years, we expect the trend to continue in the foreseeable future.\u201d<\/p>\n<p><em>You have received this news release from Wood Mackenzie because of the details we hold about you. If the information we have is incorrect you can either provide your updated preferences by contacting our media relations team. If you do not wish to receive this type of email in the future, please reply with &#8216;unsubscribe&#8217; in the subject header. \u202f <\/em><\/p>\n<p><strong>About Wood Mackenzie <\/strong><\/p>\n<p>Wood Mackenzie is the global insight business for renewables, energy and natural resources. Driven by data. Powered by people. In the middle of an energy revolution, businesses and governments need reliable and actionable insight to lead the transition to a sustainable future. That\u2019s why we cover the entire supply chain with unparalleled breadth and depth, backed by over 50 years\u2019 experience in natural resources. Today, our team of over 2,000 experts operate across 30 global locations, inspiring customers\u2019 decisions through real-time analytics, consultancy, events and thought leadership. Together, we deliver the insight they need to separate risk from opportunity and make bold decisions when it matters most. For more information, visit <strong>woodmac.com<\/strong>.<\/p>\n<p><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=1O5TTTouKoIIlEdhaj-rvSpxfOvJCMrCamAVWDGOgY_OHv5osgIN1WrAzdTz6dOuTj4bZjonRjst_7QVU6KB14KuxgMZB9K01qxoii0q6gf377pH1ydPjN4qHX-LI3WjbhudirQCP1ZbFJ0JeaECNg==\" target=\"_blank\" rel=\"noopener\"><u>Learn more here.<\/u><\/a><\/p>\n<p><strong>Attachments<\/strong><\/p>\n<ul>\n<li><a href=\"https:\/\/ml-eu.globenewswire.com\/Resource\/Download\/46b5f2a2-afbf-4982-8f59-b40d3b357250\" target=\"_blank\" rel=\"noopener\">LFG1<\/a><\/li>\n<li><a href=\"https:\/\/ml-eu.globenewswire.com\/Resource\/Download\/1759d37c-9e8b-47c4-8204-ff1db69ce7fb\" target=\"_blank\" rel=\"noopener\">LFG2New<\/a><\/li>\n<\/ul>\n<\/div>\n<pre><strong>Contact:<\/strong>\r\n\r\n<strong>Kevin Baxter <\/strong>\r\n+44 330 124 9400\r\nKevin.Baxter@woodmac.com\r\n\r\n<strong>Vivien Lebbon<\/strong>\r\n+44 330 174 7486\r\nVivien.lebbon@woodmac.com\r\n\r\n<strong>Mark Thomton<\/strong>\r\n+1 630 881 6885 \r\nMark.thomton@woodmac.com\r\n\r\n<strong>Hla Myat Mon<\/strong>\r\n+65 8533 8860\u00a0\u00a0\r\n<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=EKmR4rJMyVsBBtGtFCRZqUv6SVJypztMmWiaYCAW5S_CCrUJmi4RiUIkoXCIFbSZZHjVlOEtWUWVnVxNS8HEXw-OlWwr7a3-nemRBpFPkE8=\" target=\"_blank\" rel=\"noopener\">hla.myatmon@woodmac.com<\/a>\u00a0\r\n\r\n<strong>The Big Partnership (UK PR agency)<\/strong>\r\nwoodmac@bigpartnership.co.uk<\/pre>\n<div>\n<p><img \/><em>AGENCIA EFE S.A.U. shall not be liable for any information contained in this message and assumes no responsibility towards third parties in relation to its contents, being expressly exempt from any liability that the author may have in relation to the information in question.<\/em><\/p>\n<\/div>\n<div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Statement issued by the company (Announcement) Landfill gas remains the most popular feedstock option for renewable gas production (LFG-to-RNG), but project pre-tax breakeven prices can range, with success relying heavily [&hellip;]<\/p>\n","protected":false},"author":198164071,"featured_media":48434,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[125518],"tags":[],"class_list":["post-123686","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-globenewswire-en"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>LFG-to-RNG production to more than double by 2030<\/title>\n<meta name=\"description\" content=\"Landfill gas remains the most popular feedstock option for 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