BURNABY, British Columbia--(BUSINESS WIRE)--Greenlane Renewables Inc. (“Greenlane” or the “Company”) (TSXV: GRN) today announced that its wholly-owned subsidiary, Greenlane Biogas North America Ltd., has secured a new CDN$2.7 million-dollar biogas upgrading contract with the Metropolitan Wastewater Management Commission (“MWMC”). Greenlane will provide its pressure swing adsorption (“PSA”) solution for the wastewater treatment facility that serves the Eugene - Springfield metropolitan area in Lane County, Oregon in the United States. Work will begin immediately upon receipt of notice to proceed, with delivery expected to occur within six months of commencement of work. The facility is expected to produce approximately 120,000 gigajoules (GJ) (or 114,000 million British Thermal Units (MMBTU)) annually of clean Renewable Natural Gas (“RNG”) for injection into the gas distribution network owned and operated by NW Natural, the local gas utility.
The MWMC’s RNG project is expected to be the fourth in the State of Oregon. Greenlane is separately supplying a biogas upgrading solution for the City of Portland’s Columbia Boulevard wastewater treatment plant (CBWTP), which will also provide for injection of RNG into NW Natural’s network. Supply of biogas upgrading systems to both CBWTP and MWMC represents 50 percent of the RNG projects currently operating or under construction in the State of Oregon.
Greenlane’s PSA solution was selected for this project based on several criteria including highest reliability, lowest overall life-cycle cost, and best methane capture efficiency, which beat out membrane separation technology proposed by competitors. Biogas upgrading is a process in which trace impurities are cleansed and carbon dioxide is separated from methane (CH4) in biogas to produce biomethane to a quality suitable for injection into the natural gas grid and for direct use as vehicle fuel.
“Greenlane is the only company to offer the three main biogas upgrading technologies and therefore we offer our customers an unbiased technology comparison to ensure the right technical solution to match the unique requirements of each project,” stated Brad Douville, Greenlane’s President & CEO. “We are proud to have been selected for this project in Oregon, and to help another customer maximize value from their biowaste facilities.”
Greenlane also announced a new order for an RNG project in British Columbia, Canada, earlier this week valued at CDN$3.4 million.
About Greenlane Renewables
Greenlane Renewables is a leading global provider of biogas upgrading systems. Our systems produce clean, 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 100 biogas upgrading units supplied into 18 countries worldwide, including the world’s first and second largest biogas upgrading facilities, Greenlane is inspired by a commitment to helping waste producers improve their environmental impact, green credentials, and bottom line. For further information, please visit www.greelanerenewables.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. The forward-looking information contained in this press release, includes, but is not limited to, statements relating to the timing of completion and production capacity for the system being provided by the Company under the Company’s newly announced biogas upgrading contract, and statements relating to the anticipated growth of the market for biogas upgrading technologies. 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, results of operations, operational matters, historical trends, current conditions and expected future developments, as well as other considerations that are believed to be appropriate in the circumstances. While we consider 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 our control, could cause actual results to differ materially from the forward-looking information in this press release. Such factors include, without limitation: risks relating to the Company's ability to execute its business strategy and the benefits realizable therefrom, risks specifically related to the Company’s international operations, and risks relating to the market price of the Common Shares. Additional risk factors can also be found in the Company's filing statement, 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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