Oil and Gas

Greenlane Renewables Announces $7.2 Million System Sale

Greenlane Renewables Announces $7.2 Million System Sale

~Greenlane to supply an integrated desulfurization and water wash system for a new RNG project in Ohio~

Greenlane Renewables Inc. ( "Greenlane ") (TSX: GRN) (FSE: 52G) is pleased to announce that it has been awarded a $7.2 million ( US$5.4 million ) contract through Synthica St Bernard, LLC for a food waste to pipeline RNG project in Ohio United States . Greenlane will supply an integrated sulfur removal and water wash system for upgrading biogas generated from food waste streams into pipeline-spec renewable natural gas (" RNG ") for direct injection into the local natural gas pipeline network.

Greenlane Renewables Inc. logo (CNW Group/Greenlane Renewables Inc.)

The project will process approximately 190,000 annual tons of organic waste from nearby food and beverage manufacturers. The project is expected to generate approximately 250,000 MMBtus (million Btus) of pipeline-quality RNG each year that will be injected into a local natural gas pipeline on the regional distribution system. Greenlane's order fulfillment is expected to commence immediately.

"We're excited to work with Synthica St. Bernard, LLC and have them select both our experience and industry-leading water wash system and integrated sulfur removal technology," said Brad Douville , CEO of Greenlane. "Synthica St. Bernard, LLC is committed to providing its customers with reliable energy, and RNG is playing a more important role in that as well as helping them reduce their overall greenhouse gas emissions footprint and offer more sustainable energy products. Greenlane is proud to partner with Synthica St. Bernard, LLC in its quest to decarbonize operations."

About Synthica St. Bernard, LLC

Synthica St. Bernard, LLC is the first project company of a joint venture between a subsidiary of UGI Energy Services, LLC and Synthica Energy, LLC. UGI Energy Services LLC markets natural gas, electricity and liquid fuels to commercial, institutional and industrial customers at approximately 42,000 locations in eleven eastern states and Washington, D.C , United States . UGI Energy Services owns and operates natural gas midstream assets such as gas processing, liquefied natural gas storage and vaporization, underground storage fields, gathering, intra and interstate pipeline systems and compressor stations. These assets support the retail business as well as our electric generation assets, and peaking plants. To learn more about UGI Energy Services, visit: www.ugies.com .

Greenlane Renewables is a pioneer in the rapidly growing renewable natural gas (" RNG ") industry. As a leading global provider of biogas upgrading systems, we are helping to clean up two of the largest and most difficult-to-decarbonize sectors of the global energy system: the natural gas grid and the commercial transportation sector. Our systems produce clean, low-carbon and carbon-negative RNG from organic waste sources such as landfills, wastewater treatment plants, dairy farms, and food waste streams. To the company's knowledge, Greenlane is the only biogas upgrading company offering the three main technologies: waterwash, pressure swing adsorption, and membrane separation. Greenlane's business has been built on over 35 years of industry experience, patented and proprietary technology, with over 140 biogas upgrading systems sold into 19 countries, including some of the largest RNG production facilities in the world, and over 140 biogas desulfurization units sold. For further information, please visit www.greenlanerenewables.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", "is expected", "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 "can", "may" or "will" happen. In particular, this news release contains forward looking information relating to the anticipated supply of an integrated sulfur removal and water wash system, the fact that order fulfillment will commence immediately and that it is expected to generate approximately 250,000 MMBtus (million Btus) of pipeline-quality RNG each year.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 and expected future developments, as well as other considerations that are believed to be appropriate in the circumstances. While management considers 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 the Company's control, could cause actual results to differ materially from the forward-looking information in this press release. Such factors include, without limitation, risks relating to the estimated RNG generation of the project and risks identified in the Company's annual information form and in other documents filed with Canadian securities regulatory authorities on the Company's SEDAR profile at www.sedar.com . Readers are cautioned not to put undue reliance on forward-looking information. Actual results may differ materially from those anticipated. 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.

SOURCE Greenlane Renewables Inc.

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/March2023/09/c8239.html

News Provided by Canada Newswire via QuoteMedia

GRN:CA
The Conversation (0)
Greenlane Renewables (TSXV:GRN)

Greenlane Renewables


Keep reading...Show less
greenlane renewables stock

Greenlane Renewables Announces Graduation to the Toronto Stock Exchange

Greenlane Renewables Inc. (" Greenlane ") (TSXV: GRN / FSE: 52G) is pleased to announce that it has received final approval for the listing of its common shares and warrants on the Toronto Stock Exchange (" TSX ").

Greenlane's common shares and warrants will commence trading on the TSX effective as of market open tomorrow, February 17, 2021, under the current trading symbols of "GRN" and "GRN.WT", respectively. In connection with the TSX listing, Greenlane's common shares and warrants will be concurrently delisted from the TSX Venture Exchange (" TSXV ").

News Provided by Business Wire via QuoteMedia

Keep reading...Show less
bought deal

Greenlane Renewables Announces Closing of $26.5 Million Bought Deal Offering

THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES (INCLUDING ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES OR THE DISTRICT OF COLUMBIA), OR ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.

Greenlane Renewables Inc. (" Greenlane ") (TSXV: GRN / FSE: 52G) is pleased to announce that it has closed its previously announced upsized bought deal offering (the "Offering") of 12,190,000 common shares ("Shares"), which included 1,590,000 additional shares issued pursuant to the underwriters' full exercise of their over-allotment option, at a price of $2.17 per share for total gross proceeds of approximately $26.5 million.

News Provided by Business Wire via QuoteMedia

Keep reading...Show less
greenlane renewables stock

Greenlane Renewables Announces Exercise of Over-Allotment Option

THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES (INCLUDING ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES OR THE DISTRICT OF COLUMBIA), OR ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.

Greenlane Renewables Inc. (" Greenlane ") (TSXV: GRN / FSE: 52G) is pleased to announce that, in connection with its previously announced upsized bought deal offering of 10,600,000 common shares of the Company ("Shares") at a price of $2.17 per Share, for gross proceeds of approximately $23 million (the "Offering"), the underwriters have determined to exercise their over-allotment option to purchase an additional 1,590,000 common shares at the offering price of $2.17 per share ("Additional Shares"). Exercise of the over-allotment option will bring the total gross proceeds of the Offering to approximately $26.5 million.

News Provided by Business Wire via QuoteMedia

Keep reading...Show less
greenlane renewables stock news

Greenlane Renewables Announces $20 Million Bought Deal

Not for Distribution to United States Newswire Services or Dissemination in the United States

THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES (INCLUDING ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES OR THE DISTRICT OF COLUMBIA), OR ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
biotech biogas plant price

Greenlane Renewables to Participate at the 13th Annual LD Micro Main Event Conference

Greenlane Renewables Inc. (" Greenlane ") (TSXV: GRN / FSE: 52G) a leading global provider of biogas upgrading systems, is pleased to announce that Brad Douville, Chief Executive Officer, will present at the 13th Annual LD Micro Main Event Conference on December 15th, 2020 at 2:30 p.m. (Eastern Time).

Interested parties can register to attend at the following link: https://ve.mysequire.com/

News Provided by Business Wire via QuoteMedia

Keep reading...Show less
Nano One Provides Quarterly Progress Update and Reports Q4 2022 Results

Nano One Provides Quarterly Progress Update and Reports Q4 2022 Results

TSX:NANO)(OTC PINK:NNOMF)(Frankfurt:LBMB) nano one® Materials Corp. ("nano one" or the "Company") is a clean technology company with patented processes for the low-cost, low-environmental footprint production of high-performance cathode materials used in lithium-ion batteries. nano one has filed its audited annual consolidated financial statements (the "financial statements"), management's discussion & analysis ("MD&A"), and annual information form ("AIF") as at and for the year ended December 31, 2022 ("Q4 2022") and is pleased to provide the following highlights from Q4 2022

Q4 2022 Highlights and Headlines

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
ARway Secures Multiple New SDK Deals to Drive Growth in $44B Indoor Positioning and Navigation Market

ARway Secures Multiple New SDK Deals to Drive Growth in $44B Indoor Positioning and Navigation Market

Company to target New key market segments identified as high growth opportunities

Arway Corporation ("Arway" or the "Company") (CSE:ARWY)(OTC:ARWYF)(FSE:E65) is an AI-powered augmented reality experience platform for indoor spaces with a disruptive no-code, no beacon spatial computing solution with centimeter precision, is pleased to announce the Company has signed five new deals for its Software Development Kit (SDK), which showcases the increasing demand for this disruptive technology. Since the SDK was released on January 31, 2023 the Company has been experiencing a wave of demand from resellers, enterprise corporations and brands. These SDK deals range in size from $9,000-$15,000 based on the usage of the platform, and are within various industries representing a wide range of use cases for Arway technology

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Nextech3D.ai Enters Asian Market with Major 3D Modeling Deal to Revolutionize E-commerce

Nextech3D.ai Enters Asian Market with Major 3D Modeling Deal to Revolutionize E-commerce

Multiple New Enterprise Accounts Driving 2023 Sales Growth As Company Pushes Towards Going Cash Flow Positive

Nextech3D.AI (formerly NexTech AR Solutions Corp) (OTCQX:NEXCF) (CSE:NTAR) (FSE:EP2), a leading Generative AI-Powered 3D modeling supplier for major e-commerce brands such as Amazon, P&G, Kohls, and Dyson, has announced a significant expansion into the Asian market with a major enterprise 3D modeling deal for thousands of product SKUs. The contract highlights Nextech's breakthrough Generative AI technology, which is emerging as a globally dominant AI solution for scaling the production of 3D models in the booming e-commerce industry. The production of 3D models for ecommerce is estimated to be worth $100billion

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
"emerging technologies" written on keyboard

Top 10 Emerging Technologies to Watch in 2023

Although the COVID-19 pandemic and global economic challenges have disrupted businesses in recent years, companies continue to look for new opportunities in emerging technologies and for innovations that can reshape the world.

In its Top 10 Strategic Technology Trends for 2023 report, technological research and consulting firm Gartner examines the top tech innovations that its analysts believe will have the greatest impact on how successful businesses are in maintaining a positive financial position and operational excellence as this era of digital transformation continues to accelerate. The report includes a list of the top emerging technologies to watch this year, and Gartner indicates that they could be key to sustainable enterprise growth.

A major theme in the report is the rise of technologies that will help businesses address four key priorities: optimizing resilience, operations or trust; scaling productivity and customer value by advancing solutions, product delivery and connectivity; pioneering customer engagement, accelerated responses or opportunity; and pursuing sustainable technology solutions.

Keep reading...Show less
ARway.ai Unveils Patent-Pending AI-powered 3D Digital Twin Floor Plan Generation Technology to Capture a Share of the $44 Billion Indoor Navigation Market

ARway.ai Unveils Patent-Pending AI-powered 3D Digital Twin Floor Plan Generation Technology to Capture a Share of the $44 Billion Indoor Navigation Market

AI-created 3D spatial replicas are now readily available and easy to create from any 2D floor plan

Arway Corporation ("Arway" or the "Company") (CSE:ARWY)(OTC PINK:ARWYF)(FSE:E65) is an AI-powered augmented reality experience platform for indoor spaces with a disruptive no-code, no beacon spatial computing solution with centimeter precision. Arway.ai's new breakthrough automates the creation of 3D spatial maps from just 2D floor plans creating a digital twin which can be populated with an array of AR experiences. The Company now offers AI-powered floor plan alignment, positioning & re-localization, and expanded map analytics capabilities. The Company believes these enhancements will contribute to its continual increase in market share of the estimated $42 billion global indoor positioning and indoor navigation (IPIN) market. Arway has unlimited use cases for augmenting physical spaces in the metaverse, making it a valuable tool for creators, brands, and companies in various industries

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Nextech3D.ai to Present its Generative AI-Powered 3D Modeling Solutions at the Virtual Investor Summit on March 29

Nextech3D.ai to Present its Generative AI-Powered 3D Modeling Solutions at the Virtual Investor Summit on March 29

Nextech3D.AI (formally "NexTech AR Solutions Corp" or the "Company") (OTCQX:NEXCF)(CSE:NTAR)(FSE:EP2), a Generative AI-Powered 3D model supplier for Amazon, P&G, Kohls and other major e-commerce retailers is pleased to announce that CEO Evan Gappelberg will present on March 29, 2023 at Virtual Investor Summit Microcap Event

This live, interactive online event will give existing shareholders and the investment community the opportunity to interact with the Company's CEO, Evan Gappelberg in real time.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×