~Greenlane selected to supply two PSA units
for dairy RNG project in Colorado~
VANCOUVER, BC, Sept. 16, 2021 /CNW/ - Greenlane Renewables
Inc. ("Greenlane") (TSX: GRN) (FSE: 52G) today announced
that its wholly-owned subsidiary, Greenlane Biogas North America
Ltd., has signed with Green Impact Partners, through its EPC
contractor, a biogas upgrading system supply agreement for
$6.1 million (US$4.8 million) for a renewable natural gas
("RNG") project in the State of Colorado. Green Impact
Partners' GreenGas Colorado Project consists of two dairy farms,
broke ground in July 2021, and has an
expected completion date in the second half of 2022. The
project will utilize two of Greenlane's pressure swing adsorption
("PSA") upgrading systems, one for each of the two dairy farms in
the project. Greenlane's order fulfillment for this project
will commence immediately.
"We're excited to work with Green Impact Partners on its
GreenGas Colorado project to showcase our market-leading biogas
upgrading systems," said Brad
Douville, President and CEO of Greenlane. "RNG is a
rapidly growing industry with new entrants and increasing amounts
of project capital being deployed. Green Impact Partners is seizing
this opportunity and making a difference as it strives to have a
positive impact on the environment through its energy transition
projects."
"We selected Greenlane's gas upgrading system for their
ingenuity in its design and their commitment to quality. We look
forward to working with Greenlane on this project and potentially
many more," says Jesse Douglas, CEO.
"With this milestone now complete, we continue to focus on site
construction ensuring all civil work is done before the winter
season with a commitment from our EPC contractor to have gas
flowing in 2022."
About Green Impact Partners
Green Impact Partners
("GIP") is a publicly traded TSX-V clean energy company. GIP is
focused on leading the transition to a green and sustainable
economy through clean energy and water distribution. GIP seeks to
be impactful partners in a green, more sustainable future by
optimizing late-stage technology to repurpose by-products into
clean energy and other value-added substances. For more
information please visit www.greenipi.com.
About Greenlane Renewables
Greenlane Renewables is a
leading global provider of biogas upgrading systems that are
helping decarbonize natural gas. Our systems produce clean,
low-carbon and carbon-negative 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: waterwash, pressure swing adsorption, and membrane
separation. With over 30 years industry experience, patented
proprietary technology, and over 125 biogas upgrading systems sold
into 19 countries worldwide, including the world's largest biogas
upgrading facility, Greenlane is inspired by a commitment to
helping waste producers, gas utilities or project developers turn a
low-value product into a high-value renewable resource. 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 biogas equipment for the contracted
project, the fact that order fulfilment will commence immediately,
that the expected completion date of the project is in the second
half of 2022, that RNG is a rapidly growing industry with new
entrants and increasing amounts of project capital being deployed,
and that Green Impact Partners may work with Greenlane on future
projects. 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.
