Greenlane Renewables signs $10M system supply contract for new RNG project

In Canada, Greenlane Renewables said its wholly-owned subsidiary, Greenlane Biogas North America Ltd., signed a $10 million (US$7.7 million) contract for a new renewable natural gas project in the United States owned by an international energy company. This project will utilize Greenlane’s membrane separation biogas upgrading system.

The project owner and location have been withheld at this time. Order fulfilment by Greenlane will start immediately.

“Greenlane continues to gain traction with global energy companies as they seek to diversify their energy portfolios and introduce low carbon intensity fuel options to their customer base.” said Brad Douville, President & CEO of Greenlane. “To be selected for this exciting new project showcases again our unique ability to provide the best solution from our portfolio of multiple upgrading technologies. This is becoming increasingly important as our customers originate, develop and finance a wide range of projects within their respective portfolios each with unique requirements. This ability, combined with our decades of experience and proven track record, makes Greenlane the ideal partner to help all of our customers scale up rapidly.”

While uncertainty remains with respect to the COVID-19 pandemic and its ongoing impact on global economies, the Company believes that the energy transition is here to stay. Furthermore, the Company believes that RNG will play a meaningful and growing part in countries’ efforts to stimulate their economies while tackling climate change and moving toward a decarbonized future, in which Greenlane will play an important role.