- Greenlane Renewables (TSX:GRN) signed a deal with Panasonic do Brasil Limitada, a subsidiary of Panasonic Holdings Corporation, to produce Greenlane’s proprietary Cascade biogas upgrading technology in Brazil.
- Greenlane has been developing technology to decarbonize the natural gas grid and commercial transportation for more than 35 years.
- The renewable energy stock has added 140 per cent year-over-year, but remains down by 85.09 per cent since 2021.
Greenlane Renewables (TSX:GRN) signed a deal with Panasonic do Brasil Limitada, a subsidiary of Panasonic Holdings Corporation, to produce Greenlane’s proprietary Cascade LF and MS biogas upgrading technology in Brazil.
According to Monday’s news release, Brazil is one of the world’s top biomethane markets thanks to its leadership in the sugarcane trade, a supportive government and a climate ideally suited for the methanogenesis of organic matter, with domestic production expected to grow sevenfold over the next decade.
Greenlane and Panasonic are keen to capitalize on this tailwind through the Cascade LF, which features two maximum inlet flow sizes of 2,500 Nm3/hour and 5,000 Nm3/hour and is designed to deliver up to 99 per cent methane recovery per nitrogen-removal stage, as well as the Cascade MS, a membrane separation biogas upgrading solution geared to optimize price and performance for large biodigester projects.
The companies will establish production at Panasonic’s facilities in São José dos Campos in São Paulo, with the Japanese conglomerate set to receive a Brazilian technology license in exchange for investing an estimated C$2-3 million in tooling and equipment to get operations off the ground. Greenlane, for its part, will oversee product design, supply chain management, marketing and sales, as well as commissioning and servicing, with the first system slated to be shipped by the end of 2026.
Leadership commentary
“We are pleased to formalize our partnership with Panasonic, an established global leader in the development and manufacturing of innovative technologies and solutions for wide-ranging applications,” Brad Douville, Chief Executive Officer of Greenlane Renewables, said in a statement. “Establishing local manufacturing in Brazil is key to enhancing project economics, improving access to competitive financing and supporting broader adoption of biomethane solutions in the region. The partnership brings not only its manufacturing expertise, but also the strength of Panasonic’s balance sheet to support sales growth. Cascade LF advances the state-of-the-art of technology in landfill gas upgrading by coming down the cost curve and going up the performance curve. We are launching this exciting new technology first in Brazil because we see the market need and believe the technology can help accelerate project development by making biomethane more accessible and scalable.”
“Establishing local production capacity for Cascade LF and Cascade MS aligns well with Panasonic’s commitment to advancing clean energy solutions in Brazil and globally,” added Michael Coleridge, Director of B2B Business, Panasonic do Brasil Limitada. “By partnering with Greenlane to localize production, we are building a scalable industrial platform to support the growth of biomethane, while contributing to Panasonic’s Green Impact initiative and broader ambitions around decarbonization and the circular economy. We view this partnership as a meaningful step in strengthening Brazil’s role in the global energy transition.”
About Greenlane Renewables
Greenlane Renewables has been developing technology to decarbonize the natural gas grid and commercial transportation for more than 35 years. The company has sold more than 500 biogas desulfurization and upgrading systems across 32 countries to date.
Greenlane Renewables stock (TSX:GRN) last traded at C$0.24, has added 140 per cent year-over-year, but remains down by 85.09 per cent since 2021.
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