Greenlane Renewables Inc. (TSX: GRN), a ÎÚÑ»´«Ã½ company in the renewable natural gas engineering space, is continuing its expansion in North and South American RNG markets, as the demand there for low carbon and renewable fuels grows.
The Burnaby based company today announced two service agreements signed with a customer in the U.S.
Greenlane specializes in making the equipment that removes impurities and CO2 from the RNG produced in biodigesters from animal and plant waste in landfills and at dairy farms.
The company is made up of a number of former Westport Fuels Systems (TSX:WPRT) engineers and executives, including CEO Brad Douville – former Westport vice president of business development and product management -- and Dave Demers, a co-founder of Westport Innovations, sits on the company’s board of directors.
Chemically, RNG is indistinguishable from fossil natural gas, but is renewable and considered carbon neutral, since it is made of methane that would otherwise be released into the atmosphere through natural decomposition.
Landfills, daily farms and sewage treatment plants are all potential sources of RNG – an area that FortisBC has been investing in as a way of reducing the emissions intensity of natural gas. FortisBC is one of Greenlane’s Canadian customers.
In 2021, the company was awarded a $12 million contract to provide its desulphurization equipment for FortisBC’s RNG facility at the Vancouver landfill.
As the demand for low carbon fuels grows, Greenlane has been entering markets in Europe, the U.S. and South America.
Last year, Greenlane landed a $35 million contract to provide its desulphurization system for a company in Brazil. It has also recently received orders for its system in Europe. More recently, it inked agreements in the U.S. with what it describes as an international energy company for an undisclosed amount.
“With over 20 biogas upgrading systems commissioned in the last two years and over 145 systems deployed globally in total, Greenlane has a large target customer base for our enhanced service offerings executed by our growing team of talented service specialists,” Greenlane CEO Brad Douville said in a press release.
To date, Greenlane has sold 145 of its RNG upgrading systems worldwide.
