MediaAdvisory: TC Energy and GreenGasUSA announce strategic collaboration for development of renewable natural gas transportation hubs
April 25 2022 - 7:30AM
Media Advisory – TC Energy Corporation (TSX, NYSE: TRP) (TC
Energy), a leading North American energy infrastructure company,
and GreenGasUSA, an owner and operator of renewable natural gas
(RNG) value chain critical assets, have announced a strategic
collaboration to explore development of a network of natural gas
transportation hubs, including RNG. These transportation hubs would
provide centralized access to existing energy transportation
infrastructure for renewable natural gas sources, such as farms,
wastewater treatment facilities and landfills.
As part of this collaboration, GreenGasUSA will originate RNG,
which is the product of the decomposition of organic matter,
condition the gas to pipeline quality and transport it to the RNG
hub. This is underpinned by firm transportation contracts with TC
Energy for the transport of RNG. TC Energy will build, own and
operate the RNG transportation hubs, developing critical steps
towards the acceleration of methane capture projects and thus the
reduction of greenhouse gas (GHG) emissions. TC Energy’s experience
in transporting RNG in the U.S. dates to 2005. There are currently
10 RNG interconnects across TC Energy’s U.S. Natural Gas footprint
with plans to rapidly expand and provide more capability before the
end of the year.
The anticipated benefits of this collaboration include:
- Reducing GHG emissions by providing cost-effective market
access to RNG developers
- Increasing equitable participation of diverse biogas sources in
renewable energy markets
- Increasing energy resilience and independence with an emphasis
on natural gas and renewables
- Offering customers more innovative solutions, economic
viability and carbon-neutral energy opportunities
Combining TC Energy’s vast energy distribution network with
GreenGasUSA’s extensive experience in gas compression, compressed
natural gas (CNG) transportation and pipeline injection is expected
to further increase methane capture and increase the use of
renewable fuels within the energy mix. These transportation hubs
are expected to be under development in several states along TC
Energy’s 32,700-mile U.S. Natural Gas pipeline system within the
next four years. The first hub is targeted for in service in the
second quarter of 2023.
“As we continue to find innovative energy solutions for current
and future customers, we value strategic collaboration
opportunities like this one with GreenGasUSA to transport renewable
natural gas,” said Stanley G. Chapman III, TC Energy’s Executive
Vice President and President, U.S. & Mexico Natural Gas. “We
have embraced the growing role of RNG in our industry and continue
to explore ways to optimize our existing U.S. pipeline system in a
collaborative, safe and sustainable manner.”
“We’re pleased to partner with TC Energy to develop these RNG
hubs,” said Marc Fetten, owner of GreenGasUSA. “These are key steps
to making the planet greener by connecting sources of renewable gas
to energy consumers that are serious about decarbonization and
displacing fossil fuels.”
About TC EnergyWe’re a team of 7,000+ energy
problem solvers working to move, generate and store the energy
North America relies on. Today, we’re taking action to make that
energy more sustainable and more secure. We’re innovating and
modernizing to reduce emissions from our business. And, we’re
delivering new energy solutions – from natural gas and renewables
to carbon capture and hydrogen – to help other businesses and
industries decarbonize too.
TC Energy’s common shares trade on the Toronto (TSX) and New
York (NYSE) stock exchanges under the symbol TRP. To learn more,
visit us at TCEnergy.com.
FORWARD-LOOKING INFORMATIONThis release
contains certain information that is forward-looking and is subject
to important risks and uncertainties (such statements are usually
accompanied by words such as "anticipate", "expect", "believe",
"may", "will", "should", "estimate", "intend" or other similar
words). Forward-looking statements in this document are intended to
provide TC Energy security holders and potential investors with
information regarding TC Energy and its subsidiaries, including
management's assessment of TC Energy's and its subsidiaries' future
plans and financial outlook. All forward-looking statements reflect
TC Energy's beliefs and assumptions based on information available
at the time the statements were made and as such are not guarantees
of future performance. As actual results could vary significantly
from the forward-looking information, you should not put undue
reliance on forward-looking information and should not use
future-oriented information or financial outlooks for anything
other than their intended purpose. We do not update our
forward-looking information due to new information or future
events, unless we are required to by law. For additional
information on the assumptions made, and the risks and
uncertainties which could cause actual results to differ from the
anticipated results, refer to the most recent Quarterly Report to
Shareholders and Annual Report filed under TC Energy’s profile on
SEDAR at www.sedar.com and with the U.S. Securities and Exchange
Commission at www.sec.gov.
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Media Inquiries:Jaimie Harding / Suzanne
Wiltonmedia@tcenergy.com 403-920-7859 or 800-608-7859
Investor & Analyst Inquiries:Gavin Wylie /
Hunter Mauinvestor_relations@tcenergy.com403-920-7911 or
800-361-6522
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