~Greenlane to supply a biogas upgrading system
for a new project in the Western U.S.~
VANCOUVER, BC, Nov. 30,
2022 /CNW/ - Greenlane Renewables Inc.
("Greenlane") (TSX: GRN) (FSE: 52G) is pleased to
announce that its wholly-owned subsidiary, Greenlane Biogas North
America Ltd., has been awarded a $4.6
million (US$3.5 million)
contract for a dairy RNG project in the Western United States for the supply of a
biogas upgrading system. Greenlane will supply its pressure swing
adsorption system for upgrading biogas generated from anaerobic
digestion of dairy cow manure into carbon negative renewable
natural gas ("RNG") suitable for injection into the local pipeline
network. Order fulfillment is expected to commence immediately.
![Greenlane Renewables Inc. logo (CNW Group/Greenlane Renewables Inc.) Greenlane Renewables Inc. logo (CNW Group/Greenlane Renewables Inc.)](https://mma.prnewswire.com/media/1958591/Greenlane_Renewables_Inc__Greenlane_Renewables_Announces_Dairy_R.jpg)
"This new project win for Greenlane continues to highlight just
how important dairy-derived RNG is, particularly for commercial
transportation fuel providers", said Brad
Douville, Chief Executive Officer. "Dairy RNG is by far the
lowest carbon intensity fuel available today and remains a core and
growing option for major fuel providers to decarbonize now."
RNG continues to become more mainstream. For example, as noted
in recent industry news, Chevron Corporation announced it will
acquire full ownership of 55 CNG stations across the U.S. In the
announcement, Chevron noted that they can market the RNG it either
produces or procures through their nationwide network of CNG
locations. Announcements by supermajors, such as Chevron's,
demonstrates the importance of RNG in the transportation fuel mix
to help them decarbonize and reach their net-zero-by-2050
goals.
About Greenlane
Renewables
Greenlane 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 biogas desulfurization units
shipped, 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 a pressure swing adsorption system, the
fact that order fulfillment will commence immediately, and that
Dairy RNG is a growing option for major fuel providers. 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.
SOURCE Greenlane Renewables Inc.