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Greenlane Renewables (TSX:GRN) secures $8.7M repeat order

Renewable Energy
TSX:GRN
30 May 2022 16:30 (EDT)
Greenlane Renewables - President and CEO, Brad Douville.

Source: LinkedIn.

Greenlane (GRN) subsidiary Greenlane Biogas North America has been awarded an C$8.7M contract.

The subsidiary will outfit a dairy manure-to-RNG project in the U.S. with its membrane separation biogas upgrading system, with order fulfillment expected to commence immediately.

The contract marks the third in 18 months that Greenlane will oversee for the client, which operates as an international energy company.

The client name and project location are being withheld for confidentiality reasons.

“Greenlane continues to be selected for important RNG projects based not only on the attractiveness of our products but also the commitment of our people to customer service,” stated Brad Douville, President and CEO of Greenlane. “Despite a tough economic backdrop, efforts to decarbonize global energy systems through the use of RNG remain robust and dynamic.”

“We’re working hard to help project developers and owners advance their RNG projects in a market where demand continues to far outstrip supply,” he added.

Greenlane Renewables is a global provider of biogas upgrading systems.

Greenlane (GRN) closed up 15.38 per cent trading at $0.90 per share.

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