- Greenlane Renewables Inc. (GRN) has signed new contracts worth $13.5 million to supply its biogas upgrading technology for two projects in South America
- It will supply two water wash upgrading systems, the largest in its product line
- The project owner and exact locations are reported to have not been disclosed yet
- Greenlane will begin fulfilling its order for both projects immediately
- Greenlane Renewables Inc. (GRN) is up 12.50 per cent and is trading at $0.81 per share as of 1:32 p.m. ET
Greenlane Renewables (GRN) has signed new contracts to supply its biogas upgrading technology.
These contracts, worth $13.5 million, are for two landfill gas-to-renewable natural gas projects in South America.
Greenlane stated it would supply two water wash upgrading systems which will be the largest in its product line. Each system will be capable of processing enough landfill gas to produce up to about 850,000 million British thermal units of pipeline specification renewable natural gas for commercial use each year.
“Of the three core upgrading technologies that Greenlane offers to create pipeline quality [renewable natural gas], 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 pre-treatment to provide superior project economics,” Brad Douville, President and CEO of Greenlane, said.
The project owner and exact locations have not been disclosed at this time. Greenlane stated its order fulfillment for both projects will commence immediately.
Greenlane is a provider of biogas upgrading systems, helping to clean the natural gas grid and the commercial transportation sector. Its systems produce clean, low-carbon and carbon-negative renewable natural gas from organic waste sources such as landfills, wastewater treatment plants, dairy farms, and food waste streams.
Greenlane Renewables Inc. (GRN) is up 12.50 per cent and is trading at $0.81 per share as of 1:32 p.m. ET.