~Greenlane will supply biogas upgrading
systems for RNG projects in the United
States and Brazil~
VANCOUVER, BC, Jan. 4, 2022 /CNW/ - Greenlane Renewables Inc.
("Greenlane") (TSX: GRN) (FSE: 52G) today announced that,
through its wholly owned subsidiary Greenlane Biogas North America
Ltd., it has signed two new biogas upgrading system supply
contracts valued in total at $7.1
million (Canadian dollars) for separate renewable natural
gas ("RNG") projects in the United
States and Brazil. Order
fulfillment by Greenlane for both projects will commence
immediately.
Dairy RNG project in the State of
Nebraska in the USA
Greenlane has been awarded a contract for the supply of a biogas
upgrading system for a dairy farm RNG project in the State of Nebraska. Greenlane will supply its
PSA system for upgrading biogas generated from anaerobic digestion
of dairy cow manure into carbon negative RNG suitable for injection
into the local pipeline network.
"Dairy-derived RNG is highly carbon negative providing one of
the most impactful ways to achieve deep decarbonization and reach
net zero emissions targets," commented Brad
Douville, President and CEO of Greenlane. "For this reason,
it continues to be one of the most dynamic and fastest growing
segments of the market."
Landfill gas-to-RNG project in Brazil
Greenlane has also won a contract for a landfill gas-to-RNG
project in Brazil with one of the
country's largest landfill operators, Orizon Valorizacao de
Residuos ("Orizon"). Greenlane will supply its water wash system to
upgrade the landfill gas to low carbon RNG.
"This new project for Greenlane marks the sixth system supply
contract we have won in a country that we believe has significant
upside potential for biogas upgrading, including landfill
gas-to-RNG, sugarcane production waste and other types of upgrading
projects," said Brad Douville,
President and CEO of Greenlane. "Although Brazil's RNG industry is in the early stages
of development, Greenlane has been an early mover and market share
leader in the country, having sold 67% of the commercial scale
biogas upgrading systems in the country."
About Orizon
Orizon Valorizacao de Residuos is a Brazilian waste treatment
and recovery company that offers a complete line of integrated
solutions for the management and processing of waste, ranging from
recycling to the generation of biogas and electricity, and is one
of Brazil's largest landfill
operators. For more information please visit www.orizonvr.com.
About Greenlane Renewables
Greenlane Renewables is a leading global provider of biogas
upgrading systems that are helping decarbonize natural gas. Our
systems produce clean, low-carbon and carbon-negative renewable
natural gas from organic waste sources including landfills,
wastewater treatment plants, dairy farms, and food waste, suitable
for either injection into the natural gas grid or for direct use as
vehicle fuel. Greenlane is the only biogas upgrading company
offering the three main technologies: water wash, pressure swing
adsorption, and membrane separation. With over 30 years industry
experience, patented proprietary technology, and over 125 biogas
upgrading systems sold into 19 countries worldwide, including the
world's largest biogas upgrading facility, Greenlane is inspired by
a commitment to helping waste producers, gas utilities or project
developers turn a low-value product into a high-value low-carbon
renewable resource. For further information, please visit
www.greenlanerenewables.com.
FORWARD LOOKING INFORMATION – This news release contains
"forward-looking information" within the meaning of applicable
securities laws. All statements contained herein that are not
historical in nature contain forward-looking information.
Forward-looking information can be identified by words or phrases
such as "may", "expect", "likely", "should", "will", "plan",
"anticipate", "intend", "potential", "proposed", "estimate",
"believe" or the negative of these terms, or other similar words,
expressions and grammatical variations thereof, or statements that
certain events or conditions "may" or "will" happen. In particular,
this news release contains forward looking information relating to
the expected order fulfillment of $7.1
million in total contract value commencing immediately; the
use of Greenlane's PSA and water wash systems to create clean low
carbon and carbon negative renewable natural gas and the supply of
the resulting renewable natural gas into local pipeline networks.
The forward-looking information contained herein is made as of the
date of this press release and is based on assumptions management
believed to be reasonable at the time such statements were made,
including management's perceptions of future growth and expected
future developments, as well as other considerations that are
believed to be appropriate in the circumstances. While management
considers these assumptions to be reasonable based on information
currently available to management, there is no assurance that such
expectations will prove to be correct. By their nature,
forward-looking information is subject to inherent risks and
uncertainties that may be general or specific and which give rise
to the possibility that expectations, forecasts, predictions,
projections or conclusions will not prove to be accurate, that
assumptions may not be correct and that objectives, strategic goals
and priorities will not be achieved. A variety of factors,
including known and unknown risks, many of which are beyond the
Company's control, could cause actual results to differ materially
from the forward-looking information in this press release. Such
factors include, without limitation, risks identified in the
Company's annual information form and in other documents filed with
Canadian securities regulatory authorities on the Company's SEDAR
profile at www.sedar.com. Readers are cautioned not to put undue
reliance on forward-looking information. Actual results may
differ materially from those anticipated. The Company undertakes no
obligation to update or revise any forward-looking information,
whether as a result of new information, future events or otherwise,
except as required by applicable law. Forward-looking statements
contained in this news release are expressly qualified by this
cautionary statement.
SOURCE Greenlane Renewables Inc.