Greenlane Renewables Signs New $7.0 Million System Supply Contract with the Renewable Natural Gas Company, a Leader in Landfi...
06 Febrero 2020 - 2:01AM
Business Wire
~Greenlane to supply three biogas upgrading
systems for use in eastern United States landfill applications~
Greenlane Renewables Inc. (“Greenlane”) (TSXV: GRN / FSE:
52G) today announced that its wholly-owned subsidiary, Greenlane
Biogas North America Ltd., has signed a $7.0 million (US$5.3
million) contract with Ligonier, Pennsylvania based Renewable
Natural Gas Company (“RNGC”). Greenlane to supply three biogas
upgrading systems, which utilize Greenlane’s proprietary water wash
technology, for landfill applications in the eastern United
States.
“We are delighted to have been selected by RNGC to provide the
biogas upgrading systems for RNGC’s landfill projects where the
resulting clean, low carbon renewable natural gas will be injected
into the natural gas pipeline,” said Brad Douville, President &
CEO of Greenlane. “Our technology is ideally suited for this
application developed by RNGC to provide robust low-cost operation.
We look forward to working with RNGC to make this project a
success.”
The biogas systems will be used in landfill gas projects in
Virginia and Missouri. Order fulfilment by Greenlane will start
upon receipt of a notice to proceed from RNGC and RNGC’s financing
approval, expected by the end of the first quarter.
“We chose Greenlane’s water wash technology based on its
reliability, price and performance,” said Jeffrey Craig, CEO of
RNGC. “We look forward to working with Greenlane on this project
and exploring future opportunities to work together.”
About Renewable Natural Gas Company
The principals of RNGC have over 50 years of combined experience
in the landfill gas project space. RNGC is uniquely positioned to
deliver renewable natural gas to the transportation market. RNGC is
a developer of landfill gas to renewable natural gas (“RNG”)
projects encompassing the full design, construction, ownership, and
operation process. For more information please visit
www.rngas.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 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
largest biogas upgrading facility, 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, Greenlane will supply RNGC with
biogas upgrading systems utilizing Greenlane’s proprietary water
wash technology for landfill applications in the United States; the
resulting renewable natural gas will be injected into the natural
gas pipeline; the RNGC developed application will provide a robust
low-cost operation; the project will be a success; order fulfilment
will start upon receipt of a notice to proceed; the customer
receiving financing on approvable terms; the receipt of such notice
will be expected by the end of the first quarter; and there will be
future opportunities to work together with RNGC. 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, the risks that Greenlane will not be
able to supply RNGC with the biogas upgrading systems as
contemplated; the resulting renewable natural gas may not be
injected into the natural gas pipeline; the RNGC developed
application may not provide a robust low-cost operation; the
project may not be a success or as expected; order fulfilment may
not occur as contemplated or at all; and future opportunities to
work with RNGC may not be as expected. Additional risk factors can
also be found in the Company's filing statement and prospectuses,
which have 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.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release or has in any way approved or disapproved
of the contents of this press release.
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version on businesswire.com: https://www.businesswire.com/news/home/20200206005290/en/
Incite Capital Markets Eric Negraeff / Darren Seed Ph:
604.493.2004 Brad Douville, President & CEO, Greenlane
Renewables Email: IR@greenlanebiogas.com
Greenlane Renewables (TSXV:GRN)
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