Greenlane Renewables Awarded $12.1 Million Contract For Renewable Natural Gas Project
Greenlane Renewables (TSX: GRN) is closing out the year on a high note, having just secured an additional contract in British Columbia. The firm has seen the award of a $12.1 million contract from FortisBC Energy.
The contract will see the company supply a biogas upgrading system for the Vancouver landfill as part of a new project being established by FortisBC. The company is to supply what is referred to as a two stage pressure swing adsorption system, enabling landfill gas to be converted to renewable natural gas that will then be injected into a regional natural gas pipeline operated by FortisBC.
The energy company is undertaking the project as a means of reducing its greenhouse gas emissions by 30% by 2030.
Fulfillment of the project is expected to begin immediately, with a timeline for completion not being provided by Greenlane.
Greenlane Renewables last traded at $1.18 on the TSX.
Information for this briefing was found via Sedar and Greenlane Renewables. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
As the founder of The Deep Dive, Jay is focused on all aspects of the firm. This includes operations, as well as acting as the primary writer for The Deep Dive’s stock analysis. In addition to The Deep Dive, Jay performs freelance writing for a number of firms and has been published on Stockhouse.com and CannaInvestor Magazine among others.
