Greenlane Renewables CEO Brad Douville: Demand for Decarbonization is Fueling Business Growth

Greenlane Renewables (TSXV:GRN) CEO Brad Douville discusses how the company is making money and growing by providing the right equipment to upgrade the production of renewable natural gas (RNG).

“We're making money right now,” Douville said. "And how are we doing that? We sell the equipment that does what we refer to in the industry as upgrading. We remove the impurities, and then we separate the carbon dioxide from the biomethane to create high-purity biomethane that's suitable for direct use in vehicles or direct injection into the local pipeline network."

Greenlane Renewables creates the specifications for the equipment from its standard products and oversees installation and commissioning. Last year, the company’s Greenlane Biogas North America was awarded a C$12.1 million contract by FortisBC Energy for the supply of a biogas upgrading system for a new project at the Vancouver landfill in BC, Canada. Greenlane also closed its acquisition of Airdep, a provider of biogas desulfurization and air deodorization products based in Vicenza, Italy.

According to Douville, Airdep had very attractive technology that does hydrogen sulfide removal. The company was relatively undiscovered, so Greenlane took the chance to bring it in-house and take its products global. Douville said the acquisition has allowed Greenlane to offer incremental value to its customers.

“We started as a venture-listed company of the TSXV. Usually it takes quite a number of years to graduate to the senior board. But our growth has been phenomenal. We've been growing, you know, 100 percent annually. We were only on the junior board for 18 months until we graduated,” Douville said.

“It's been a really good response from the investor base. The markets certainly embraced the products that we sell, and it's been a tremendous ride in terms of the growth in the business. We aren't currently seeing that subside anytime soon.”

Watch the full interview of Greenlane Renewables CEO Brad Douville above.

Disclaimer: This interview is sponsored by Greenlane Renewables (TSXV:GRN). This interview provides information that was sourced by the Investing News Network (INN) and approved by Greenlane Renewables in order to help investors learn more about the company. Greenlane Renewables is a client of INN. The company’s campaign fees pay for INN to create and update this interview.

INN does not provide investment advice and the information on this profile should not be considered a recommendation to buy or sell any security. INN does not endorse or recommend the business, products, services or securities of any company profiled.

The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with Greenlane Renewables and seek advice from a qualified investment advisor.

This interview may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, receipt of property titles, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. The issuer relies upon litigation protection for forward-looking statements. Investing in companies comes with uncertainties as market values can fluctuate.