Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Bullboard - Stock Discussion Forum Greenlane Renewables Inc T.GRN

Alternate Symbol(s):  GRNWF

Greenlane Renewables Inc. is a Canada-based company, which provides biogas upgrading systems. Its systems produce clean, 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 commercial vehicle fuel. The biogas upgrading systems, marketed and... see more

TSX:GRN - Post Discussion

Greenlane Renewables Inc > Another contract from Zeg Biogas
View:
Post by midard on Mar 27, 2024 1:28pm

Another contract from Zeg Biogas

The municipality of Coruripe, in the southern region of Alagoas, is about to become a reference in the North and Northeast regions with the implementation of a biogas production unit. The Pindorama Cooperative was selected by ZEG Biogs to host the plant, which will have a total investment of R$ 65 million.

President of the Pindorama Cooperative, Klcio Santos, (photo - 3rd from left to right) with members of ZEG Biogs - Photo: Assessoria
President of the Pindorama Cooperative, Klcio Santos, (photo – 3rd from left to right) with members of ZEG Biogs – Photo: Assessoria

The area destined for the construction of the unit covers about 5 hectares, provided by the cooperative. According to Klcio Santos, president of Pindorama, the plant is expected to start operating in 2025, generating 6 million cubic meters of biogas and biomethane annually.

The biogas, originated from the decomposition of organic matter from the production of sugar and alcohol, will be used as fuel in motor generators and in the generation of electricity. In turn, biomethane, extracted from vinasse, is a purified gas by-product with several applications, and can replace natural gas in industries and fleets.

The Pindorama Cooperative estimates that the annual production is equivalent to the volume of 30,000 liters of diesel oil produced daily over the course of a year. With this volume, it is expected to reduce 20,000 tons of carbon dioxide emitted annually into the atmosphere, replacing the fossil matrix with a renewable one.

Klcio Santos points out: "We will be the protagonists of another innovative project here in the Northeast, which is the capture of biomethane from our vinasse production, a very interesting project for several aspects, including the environmental issue, as it is a renewable energy that will replace fossil energy. With this, we will contribute significantly to the preservation of the planet."

ZEG Biogs will be responsible for the entire technological solution for the generation of biogas and for the purification of biofuel, and may also invest in the project. In addition, it will exclusively market all the biomethane produced by the plant. Pindorama, in turn, will supply the areas for the unit's physical facilities, the raw material necessary for the production of biogas and will evaluate the possibility of investing in the project.

According to Fernando Mayer, commercial manager of ZEG Biogs, biomethane is chemically similar to Natural Petroleum Gas (NGP), but, being of renewable origin, it emits 90% less greenhouse gases compared to other fossil fuels, contributing positively to the mitigation of climate change.

Be the first to comment on this post