~Greenlane will supply biogas upgrading system
for landfill gas to pipeline-injection renewable natural gas
project in British Columbia~
VANCOUVER, BC, Dec. 23, 2021 /CNW/ - Greenlane Renewables Inc.
("Greenlane") (TSX: GRN) (FSE: 52G) today announced that its
wholly-owned subsidiary, Greenlane Biogas North America Ltd., has
been awarded a $12.1 million contract
by FortisBC Energy Inc. ("FortisBC") for the supply of a biogas
upgrading system for a new project at the Vancouver landfill in British Columbia, Canada. Order fulfillment is
expected to commence immediately.
Greenlane will supply its two-stage pressure swing adsorption
("PSA") system to upgrade the landfill gas to clean, low carbon
renewable natural gas ("RNG") for direct injection into FortisBC's
regional natural gas pipeline system.
"Greenlane is proud to have been chosen by FortisBC as a key
supplier in the City of
Vancouver's landfill gas-to-RNG project for the supply of
our PSA biogas upgrading system," commented Brad Douville, President and CEO of Greenlane.
"Greenlane's continued success in winning supply contracts for
complex projects is a testament to our people, proven track record,
and comprehensive portfolio of biogas upgrading systems using the
most compelling core technologies. We look forward to working yet
again with FortisBC, an early mover in adopting RNG as a low carbon
and carbon-negative fuel to help decarbonize its natural gas
supply."
"Increasing the amount of RNG supply in our natural gas delivery
system is an important driver in helping our customers reduce their
greenhouse gas emissions by 30 per cent by 2030, and this project
will meaningfully increase that RNG supply," said David Bennett, Director of Renewable Gas and Low
Carbon Fuels with FortisBC. "Greenlane's expertise and experience
in biogas upgrading is a welcome addition to this exciting
project."
About FortisBC
FortisBC Energy Inc. is a regulated
utility focused on providing safe and reliable energy, including
natural gas, renewable gas, propane and thermal energy solutions.
FortisBC Energy Inc. employs more than 2,000 British Columbians and
serves approximately 1,054,097 customers across British Columbia. FortisBC Energy Inc. owns
and operates approximately 50,182 kilometres of natural gas
transmission and distribution pipelines. FortisBC Energy Inc. is a
subsidiary of Fortis Inc., a leader in the North American regulated
electric and gas utility industry. FortisBC Energy Inc. uses the
FortisBC name and logo under license from Fortis Inc. For further
information on FortisBC, visit www.fortisbc.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", "is expected", "likely", "should", "would", "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 the $12.1
million contract; the supply and use of Greenlane's PSA
technology to create clean renewable natural gas. 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.
