- TC Energy Corporation (TRP) and GreenGasUSA, are collaborating to explore the development of a network of natural gas transportation hubs
- The hubs will provide centralized access to existing energy-transportation infrastructure
- This proposal is fortified by secure contracts
- TC Energy will build, own, and operate the transportation hubs along its U.S. pipeline
- The first hub is targeted for in service in the second quarter of 2023
- TC Energy Corporation (TRP) is down 2.01 per cent trading at $71.04 per share as of 2:40 p.m. ET
TC Energy Corporation (TRP) and GreenGasUSA, are collaborating to develop a network of natural gas transportation hubs.
The transportation hubs will provide centralized access to existing energy-transportation infrastructure for renewable natural gas sources like farms, wastewater treatment facilities, and landfills.
As part of this collaboration, GreenGasUSA will create renewable natural gas, condition the gas to pipeline quality, and transport it to the designated hub.
This proposal is fortified by secure contracts with TC Energy for the transport of renewable natural gas.
TC Energy will build, own, and operate the transportation hubs while working towards the acceleration of methane capture projects to reduce greenhouse gas (GHG) emissions.
There are currently 10 renewable natural gas interconnects across TC Energy’s U.S. Natural Gas footprint and is planning a rapid expansion to provide more capabilities before the end of the year.
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 service in the second quarter of 2023.
The benefits of this collaboration could include reducing GHG emissions by providing cost-effective market access to developers and increasing participation of diverse biogas sources.
The collaboration can also increase energy resilience and independence with an emphasis on natural gas and renewables.
By combining TC Energy’s vast energy distribution network with GreenGasUSA’s extensive experience in gas, the companies expect to increase methane capture and use of renewable fuels within the energy mix.
TC Energy Corporation (TRP) is down 2.01 per cent trading at $71.04 per share as of 2:40 p.m. ET.
