Where Is RNG Moving Forward & What Will This Mean for the Industry & States? (Part 2)
The renewable natural gas markets have been anything but stagnant, both in the transportation fuel and gas utilities spaces. On the transportation side, since 2017 demand has gone up, then down, and in early 2020 was climbing again. Meanwhile, there are interesting developments in the gas utilities space, namely a new buying model that could potentially impact RNG markets beyond the transportation sector.
On the transportation side, following a roughly two-year peak, RNG hit a rough patch in 2019, when the federal renewable volume obligation (RVO), requiring parties to secure D3 renewable identification number (RIN) credits, dropped to 399 million gallons, dragging prices down with it. This was largely due to the U.S. Environmental Protection Agency's granting exemptions to small refineries.
By Waste 360