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Greenlane Renewables Inc
Symbol GRN
Shares Issued 153,232,771
Close 2023-10-04 C$ 0.195
Market Cap C$ 29,880,390
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Greenlane Renewables wins $35.3M contract in Brazil

2023-10-05 09:29 ET - News Release

Mr. Ian Kane reports

GREENLANE RENEWABLES ANNOUNCES $35.3 MILLION SYSTEM SUPPLY CONTRACT IN BRAZIL

Greenlane Renewables Inc. has been awarded a contract valued at $35.3-million ($26.2-million (U.S.)) by a leading environmental services company in Brazil that is investing in a portfolio of landfill assets across the country to produce biomethane. Under the terms of the agreement, Greenlane will supply its proven Cascade PSA LF product, a complete landfill gas-to-biomethane solution including two-stage pressure swing adsorption technology. This solution is designed for high nitrogen and oxygen applications and will be deployed in one of the largest landfills in Brazil. The name of Greenlane's customer and the project location have not been disclosed at this time. Contract fulfilment is expected to start immediately.

"We are delighted to have been selected for a showcase project in Brazil," said Ian Kane, president and chief executive officer of Greenlane. "Our customer ran a professional and highly competitive process, and we are honoured to win the contract. Greenlane is motivated to build upon our market leadership and presence in Brazil and is committed to continuing to build out a talented local team that will be key to the implementation and eventual servicing of the systems we deploy throughout the country. The opportunity for significant expansion of biomethane in Brazil is clear to us, and we look forward to working with our customers as they expand their own capacity and develop additional projects. Furthermore, this is an example of the type of high-value contract we have been focused on winning, one with a repeatable configuration that leverages our new sector-focused product lines."

About Greenlane Renewables Inc.

Greenlane is driving change: accelerating the energy transition to a net-zero-emissions economy. It is 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, Greenlane has been actively contributing to the decarbonization of the planet for over 35 years. The systems Greenlane provides transform biogas generated from organic waste into high-value, grid-ready renewable natural gas (RNG). The company's 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 actively deploying the three main upgrading technologies: water wash, pressure swing adsorption and membrane separation, plus proprietary biogas desulphurization technology. Greenlane has delivered over 140 biogas-upgrading systems into 19 countries, including some of the largest RNG production facilities in the world.

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