Greenlane Secures New $8.3 Million Biogas Upgrading Contract for Landfill Gas to RNG Project in California
2019年12月27日 - 10:00PM
ビジネスワイヤ(英語)
~Technically advanced project will supply
upgraded biogas (RNG) to the Southern California Gas Company
(“SoCalGas”) pipeline meeting stringent requirements~
Greenlane Renewables Inc. (“Greenlane”) (TSXV:GRN) today
announced that its wholly-owned subsidiary, Greenlane Biogas North
America Ltd., has secured a new $8.3 million (US$6.3 million)
biogas upgrading contract with a customer in California, whose name
is being withheld at this time for confidentiality reasons.
Engineering work will begin immediately on the California-based
landfill project. Order fulfilment will begin immediately upon
completion of permitting and approval of submittals by the
customer, expected by early to mid 2020, with delivery expected to
occur within approximately six months of commencement.
The facility is expected to process 1,600 standard cubic feet
per minute of landfill gas to produce ~97% pure biomethane, or
approximately 380,000 gigajoules (GJ) (or 360,000 million British
Thermal Units (MMBTU)) annually, of clean Renewable Natural Gas
(“RNG”) for direct injection into the local gas distribution
network owned and operated by SoCalGas, the largest natural gas
utility in the United States. In addition, the residual off-gas, a
byproduct of the biogas upgrading process, will be blended with
natural gas to generate power for on-site facilities and processes.
This project is designed to achieve stringent SoCalGas Rule 30
quality specifications and may be the first of its kind to work in
conjunction with power generation to target 100% methane recovery.
To date, there are no projects upgrading landfill gas into RNG for
injection into SoCalGas’ network.
Greenlane’s PSA technology solution was selected for this
project based on several criteria, including reliability, overall
life-cycle cost, and ability to work seamlessly with other
processes. Biogas upgrading is a process through which trace
impurities in the biogas stream are removed and carbon dioxide is
separated from methane (CH4) to produce pipeline-spec biomethane
suitable for injection into the natural gas grid and for direct use
as vehicle fuel.
“This project is a great opportunity to showcase Greenlane’s
advanced and reliable technology,” said Brad Douville, President
& CEO of Greenlane. “Our solution is targeting 100% methane
capture from the landfill site. Recovered landfill methane will be
upgraded and then piped directly into SoCalGas’ natural gas grid,
meeting their stringent Rule 30 gas quality standards with the
residual off-gas blended with natural gas for onsite power
generation. This is a real win-win for the environment and
generates attractive economics.”
About Greenlane Renewables
Greenlane Renewables is a leading global provider of biogas
upgrading systems that are helping decarbonize natural gas. Our
systems produce clean, low-carbon renewable natural gas from
organic waste sources including landfills, wastewater treatment
plants, dairy farms, and food waste, suitable for either injection
into the natural gas grid or for direct use as vehicle fuel.
Greenlane is the only biogas upgrading company offering the three
main technologies: water wash, pressure swing adsorption, and
membrane separation. With over 30 years industry experience,
patented proprietary technology, and over 100 biogas upgrading
units supplied into 18 countries worldwide, including the world’s
largest biogas upgrading facility, Greenlane is inspired by a
commitment to helping waste producers improve their environmental
impact, green credentials, and bottom line. For further
information, please visit www.greelanerenewables.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”, “expect”, “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 "may" or "will" happen. The
forward-looking information contained in this press release,
includes, but is not limited to, statements relating to the
beginning of work on the project, the delivery of the project, the
amount of landfill gas to be processed by the facility, the amount
of RNG produced by the facility, the direct injection into the
local gas distribution network, the blending with natural gas to
generate power, the achievement of SoCalGas Rule 30 quality
specifications, and being the first of its kind to work in
conjunction with power generation to target 100% methane recovery.
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, results of
operations, operational matters, historical trends, current
conditions and expected future developments, as well as other
considerations that are believed to be appropriate in the
circumstances. While we consider 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 our
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 timeline for the
project including delays with commencement and delivery due to
unforeseen and other reasons, the facility may not meet
specifications or such specifications may be altered, the contract
with the customer may be amended or terminated, the injection into
the local gas distribution network may not be as expected or at all
possible, the blending with natural gas to generate power may not
be as expected or at all possible, and the SoCalGas Rule 30 quality
specifications may not be achieved. Additional risk factors can
also be found in Greenlane's filing statement, which has been filed
under Greenlane's SEDAR profile at www.sedar.com. Readers are
cautioned not to put undue reliance on forward-looking information.
Greenlane 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.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release or has in any way approved or disapproved
of the contents of this press release.
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version on businesswire.com: https://www.businesswire.com/news/home/20191227005032/en/
Incite Capital Markets Eric Negraeff / Darren Seed 604.493.2004
Brad Douville, President & CEO, Greenlane Renewables
IR@greenlanebiogas.com
Greenlane Renewables (TSXV:GRN)
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