LAST 0.1
CHANGE -0.01
LAST 0.1
CHANGE -0.01

February 19th Issue of Greenlane Digest


Greenlane (TSX:GRN) is a pioneer in the rapidly emerging renewable natural gas (RNG) market. We work with waste producers, gas utilities, and project developers to turn low-value biogas into a valuable low-carbon clean energy resource.

Greenlane issued the following news releases this week:

Greenlane announces graduation to the Toronto Stock Exchange

Greenlane retires promissory note early with warrant exercise proceeds

Greenlane signs $3.6 million in new contracts


Would you like to see and hear Greenlane’s CEO, Brad Douville, present the Company’s story? Click HERE to see the LATEST PRESENTATION of Brad walking through the Company’s corporate presentation.

Greenlane is a pure play in the RNG space, offering multiple core biogas upgrading technologies, in use and proven in the industry today. Biogas upgrading sales are forecasted by industry to grow at minimum 30% compound annual growth rate (CAGR) over the next five years in North America and Europe. Our demonstrated leadership in biogas upgrading, scope and breadth of product offerings, and 30+ years’ industry experience are fierce competitive advantages.

Today, we are a trusted partner globally and are ranked number one in installed capacity, having delivered more than 110 biogas upgrading systems in 18 countries and counting. We’ve learned a lot along the way. First to market in 11 of the 18 countries where our systems operate, we’re also proud to have supplied the systems for the largest RNG production facilities in North America and Europe, respectively.


Through the Greenlane Digest, our goal is to provide weekly updates and the latest articles on the RNG industry. Make sure you forward our newsletter to your contacts!

Greenlane’s common shares graduated to the Toronto Stock Exchange (TSX) this week, commencing trading on February 17.  “Trading on the TSX provides us with a greater platform from which to expand our global investor base and allows us to match our governance, growth and environmental and sustainability efforts with ESG-focused investors and individual investors seeking a greater reporting standard,” said Brad Douville, President and CEO of Greenlane.

Greenlane also announced the early repayment in full, including principal and interest, of an outstanding promissory note owing to Pressure Technologies plc (PT) in the amount of $6.0 million.  The note was part of the initial consideration owing to PT as part of the original transaction to spin out Greenlane as a separate company.  Providing the capital for the promissory note repayment were the funds received from the exercise of approximately 95% of the Company’s 11.5 million $0.70 non-listed warrants, which are set to expire on February 19, 2021. The exercise to date generated gross proceeds to Greenlane of approximately $7.6 million. “The early retirement of the promissory note is a reflection of the hard work and success that we have experienced over the past twelve months,” said Mr. Douville.

Greenlane also signed two contracts together worth $3.6 million (US$2.8 million) for new RNG projects. The first contract involves a project in the Midwest United States for upgrading biogas to RNG from dairy operations. The Brazilian contract win marks the fifth contract for Greenlane for the supply of biogas upgrading equipment in the country. “These two new contract wins demonstrate continued success in sectors where we see additional upside potential and a unique position in the market for Greenlane,” said Mr. Douville.

NGVAmerica, a national organization focused on promoting the use of natural gas and biomethane as transportation fuels, released a new report this week detailing the significant environmental and economic benefits of RNG used in commercial fleets. The report reiterates that RNG holds the lowest carbon intensity of any on-road vehicle fuel, including fully renewable electric from solar or wind, and commercial pickups and vans, refuse trucks, transit buses, and Class 8 short haul freight trucks can cost-effectively run on RNG.

Brightmark LLC and Chevron U.S.A. Inc. announced the expansion of their previously announced joint venture, Brightmark RNG Holdings LLC, to own projects across the United States to produce and market dairy RNG.  Additional equity investments by each company in the joint venture will fund construction of infrastructure and commercial operation of five new dairy biomethane projects in Michigan and Arizona. Chevron will purchase RNG produced from these projects and market the volumes for use in vehicles operating on compressed natural gas.

The European Biogas Association highlighted the potential for liquefied biomethane (BioLNG) in maritime transportation, noting that the European Commission will launch a legislative proposal on maritime fuels in the first quarter of 2021, dubbed “FuelEU Maritime”. This initiative aims to increase the use of sustainable alternative fuels, including liquefied biomethane, in European shipping and ports.  Less than 1% of the world fleet runs on alternative fuels, and liquified biomethane can provide a decarbonization tool for the sector today.  BioLNG can benefit from the existing LNG infrastructure, unlike other renewable alternatives, such as hydrogen or ammonia, and compared to fossil LNG, BioLNG can reduce emissions by up to 92% in the combustion cycle with the potential for negative emissions.

For the latest articles on the RNG sector, click on the links below!

Feb 12-19, 2021

NGVAmerica releases new RNG vehicle value proposition report

Brightmark, Chevron U.S.A expand RNG joint venture

Reversing the trend with BioLNG

Greenlane Renewables
Email: IR@greenlanerenewables.com
Phone: 604.493.2004
Address: 110 - 3605 Gilmore Way, Burnaby BC V5G 4X5, Canada.