TC Energy (TRP) and GreenGasUSA partner for RNG transmission hubs – April 27, 2022

The Calgary-based energy infrastructure company TC Energy Corporation (TRP Free Report) recently declared a tactical partnership with GreenGasUSA, which owns and operates all critical renewable natural gas (RNG) assets, to delve into the development of a network of transportation hubs for natural gas, including the RNG. These hubs will provide centralized access to the dominant infrastructure used for power transmission.

As a result of this partnership, GreenGasUSA will produce RNG, condition the gas to pipeline quality, and transport it to the RNG hub. TC Energy said it will build, own and operate RNG transmission hubs in many US states along its 32,000-mile-long gas pipeline network over the next four years. The first hub is expected to be operational by the second quarter of 2023. Currently, 10 RNG hubs interconnect TRP’s US natural gas presence with a plan to grow rapidly and deliver more capacity before the end of the year.

A reduction in GHG emissions by providing cost-effective market access to RNG developers, increased equitable contributions from various biogas sources to renewable energy markets, increasing energy resilience and independence with a focus on natural gas and renewable energies, while offering customers improved and innovative services. solutions, economic feasibility and carbon-neutral energy prospects, are some of the expected benefits of the partnership.

Additionally, the combination of TC Energy’s extensive power distribution network and GreenGasUSA’s vast experience in gas compression, compressed natural gas transportation and pipeline injection is expected to increase methane capture and increase the use of renewable fuels in the energy mix.

Marc Fetten, owner of GreenGasUSA, said, “We are excited to partner with TC Energy to develop these RNG hubs. “These are key steps to greening the planet by connecting renewable gas sources to energy consumers who are serious about decarbonization and fossil fuel replacement,” he added.

TC Energy Corporation is a major energy infrastructure provider in North America. Founded in 1951, the company is primarily focused on transporting natural gas through its 57,500 mile network of pipelines in Canada, the United States and Mexico. TRP is also involved in other businesses, including power generation, natural gas storage and oil pipelines.

TC Energy currently has a Zacks rank of No. 4 (sell). Some higher ranked energy space actions worth a look include PDC Energy (PDCE free report), Devon Energy (NDV free report) and earth stone energy (IS Free Report), each sporting a Zacks Rank #1 (Strong Buy). You can see the full list of today’s Zacks #1 Rank stocks here.

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