~Company to bring to market in 2025 a new
compelling product line that advances the state-of-the-art in
renewable natural gas production from landfills~
VANCOUVER, BC, Dec. 9, 2024
/CNW/ - Greenlane Renewables Inc. ("Greenlane" or the
"Company") (TSX: GRN) (FSE: 52G) is pleased to announce
that it has filed two new patent applications for landfill gas
upgrading technology. The Company intends to bring to market in
2025 a new compelling product line that incorporates the content of
these patent applications architected to advance the
state-of-the-art in the production of renewable natural gas ("RNG")
from landfills by maximizing methane recovery performance while
minimizing capital expenditure. Higher performance and lower cost
systems enable RNG developers and project owners to enhance revenue
generating RNG output from their assets while minimizing upfront
investment, making RNG projects more accessible and scalable.
"Greenlane has been a pioneer in the RNG industry for over 35
years successfully opening up new markets and segments," said
Brad Douville, CEO of Greenlane.
"Greenlane is also unique in the industry being the only biogas
upgrading company offering and deploying systems utilizing the
three main upgrading technologies: waterwash, pressure swing
adsorption, and membrane separation, independently and in
combination, plus proprietary biogas desulfurization technology. It
is this deep level of understanding, unbiased perspective on
technology and segment-specific insights gained through extensive
experience that led to the development of this new intellectual
property that addresses tough industry challenges."
"Landfills have been and continue to be the largest feedstock
source for RNG, but landfill gas is much more difficult to upgrade
into pipeline quality RNG than biogas from anaerobic digesters due
to large and varying amounts of oxygen and nitrogen that need to be
removed. At Greenlane, we were not satisfied with current landfill
gas upgrading and saw an opportunity to make a major step forward
with technology that ensures adaptability and reliability with
lower costs and optimized performance for a wide range of landfill
sites. These patent applications demonstrate our commitment to
advancing sustainable energy solutions through technological
improvements to lower the financial barriers for renewable energy
projects."
Based on data compiled by the Argonne National Laboratory, of
all of the feedstock sources for RNG, namely landfills, wastewater,
food waste and agricultural waste, 70% of the RNG production
capacity in the United States came
from landfills in 2021. According to BloombergNEF, the untapped
potential going forward to produce RNG from landfill gas is more
than all other feedstock types combined in the United States. The International Energy
Agency stated in its Medium-Term Gas Report 2023 that RNG
production in Brazil is expected
to quadruple from 2023 to 2027, with 60% of it being derived from
landfills.
About Greenlane Renewables
Greenlane is driving change: accelerating the energy transition
to a net-zero emissions economy. We are cleaning up two of the
largest and most difficult to decarbonize sectors of the global
energy system: the natural gas grid and commercial transportation.
As a pioneer and leading specialist in biogas upgrading, we have
been actively contributing to the decarbonization of our planet for
over 35 years. The systems we provide transform biogas generated
from organic waste into high-value grid-ready renewable natural gas
("RNG"). Our systems produce clean, low-carbon and carbon-negative
RNG from organic waste sources including agriculture (such as dairy
and hog manure), water resource recovery facilities, food waste,
landfills, and sugar mills. Greenlane is the only biogas upgrading
company offering and has deployed the three main upgrading
technologies: waterwash, pressure swing adsorption, and membrane
separation, plus proprietary biogas desulfurization technology.
Greenlane has delivered over 145 biogas upgrading systems into 19
countries, including some of the largest RNG production facilities
in the world, and over 160 biogas desulfurization units. 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", "is expected", "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 "can", "may" or "will" happen. In
particular, this news release contains forward looking information
relating to the Company's intention to bring to a market a new
product line in 2024 that incorporates content of its patent
applications; the anticipated features of the product line, such as
the ability to maximize methane recovery performance while
minimizing capital expenditure in renewable natural gas production
from landfills; expectations that higher performance and lower cost
systems enable RNG developers and project owners to enhance their
revenue generating RNG output while minimizing upfront investment;
statements about the potential adaptability, reliability,
cost-effectiveness and optimized performance of future technology
for a wide range of landfill sites; potential for future RNG
production from landfill gas, including statements about untapped
potential to produce RNG in the United
States and projections for RNG production growth in
Brazil; and expectations that
landfills will continue to play a dominant role as feedstock source
for RNG production. .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. Additional risk factors can also be found in the
Company's Management Discussion and Analysis, its Annual
Information Form and in its base shelf prospectus dated
January 4, 2024, all of which have
been filed under the Company's SEDAR+ profile at www.sedarplus.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.
