~Greenlane to supply its water wash upgrading
technology for two new landfill gas-to-RNG projects~
VANCOUVER, BC, Aug. 2, 2022
/CNW/ - Greenlane Renewables Inc. ("Greenlane") (TSX: GRN)
(FSE: 52G) today announced that it has signed new contracts with a
combined value of $13.5 million
(US$10.5 million) for the supply of
its biogas upgrading technology for two landfill gas-to-renewable
natural gas ("RNG") projects in South
America. Greenlane will supply two water wash upgrading
systems, the largest in its product line, each capable of
processing enough landfill gas to produce up to approximately
850,000 MMBTU annually of pipeline specification RNG for commercial
use. The project owner and locations have not been disclosed at
this time. Greenlane's order fulfillment for both projects will
commence immediately.
"Greenlane continues to build on its success as an early mover
in South America, a market that we
believe has tremendous upside," said Brad
Douville, President and CEO of Greenlane. "We are proud to
have been chosen to partner on these two large landfill projects
and to help efforts to decarbonize the local energy systems. Of the
three core upgrading technologies that Greenlane offers to create
pipeline quality RNG, for these two projects our proven water wash
technology was identified as the most compelling, in large part
because it scales particularly well with size and avoids expensive
pretreatment to provide superior project economics."
About Greenlane
Renewables
Greenlane Renewables is a pioneer in the rapidly growing
renewable natural gas ("RNG") industry. As a leading global
provider of biogas upgrading systems, we are helping to clean up
two of the largest and most difficult-to-decarbonize sectors of the
global energy system: the natural gas grid and the commercial
transportation sector. Our systems produce clean, low-carbon and
carbon-negative RNG from organic waste sources such as landfills,
wastewater treatment plants, dairy farms, and food waste streams.
To the company's knowledge, Greenlane is the only biogas upgrading
company offering the three main technologies: waterwash, pressure
swing adsorption, and membrane separation. Greenlane's business has
been built on over 30 years of industry experience, patented and
proprietary technology, over 100 hydrogen sulfide treatment systems
sold, and over 135 biogas upgrading systems sold into 19 countries,
including some of the largest RNG production facilities in the
world. 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", "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 statements relating to the anticipated supply of
two water wash upgrading systems, the fact that order fulfillment
will commence immediately, and that RNG is a rapidly growing
industry. 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, which has been filed under the
Company's SEDAR profile at www.sedar.com. Readers are cautioned not
to put undue reliance on forward-looking information. 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.
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SOURCE Greenlane Renewables Inc.
