Shares Up on Signing of Multi-Million Dollar Contract

By: Dylan Sikes – AllPennyStocks.com News

Thursday, April 28, 2022

The quest for sustainability and zero net carbon are driving growth in the renewable gas industry and this company just scored a major deal.

Greenlane Renewables Inc. (TSX: GRN) announced that its wholly-owned subsidiary, Greenlane Biogas North America Ltd., was awarded a C$11.4 million single customer contract. Per the company’s press release, the order is for the supply of its pressure swing adsorption ("PSA") biogas upgrading systems for new food waste-to-renewable natural gas ("RNG") projects across three US states and order fulfillment is expected to commence immediately.

As a pioneer in the rapidly growing renewable natural gas industry, Greenlane is a leading global provider of biogas upgrading systems the company strives 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.

Shares were trading up in afternoon trade.

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