Greenlane Renewables Inc T.GRN

Alternate Symbol(s): GRNWF

Energy Technology

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 sold by the Company under the Greenlane Renewables brand, remove impurities and separate carbon dioxide from bio methane in the raw biogas created from the anaerobic decomposition of organic waste at landfills, wastewater treatment plants, farms, food waste streams, and other feedstock sources. It is engaged in deploying the three main upgrading technologies: water wash, pressure swing adsorption, and membrane separation, plus proprietary biogas desulfurization technology. It has delivered over 145 biogas upgrading systems into 19 countries and over 160 biogas desulfurization units.

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Greenlane Renewables Inc

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Post by bmbruceon Oct 17, 2022 10:01am

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Post# 35028717

BP buys Archaea Energy=positive for RNG sector

positive development for the RNG sector...

"Archaea Energy shares soared Monday after the company announced it would be acquired by British oil giant BP for $4.1 billion.

BP (ticker: BP) will pay $3.3 billion in cash, or $26 a share, for renewable natural gas company Archaea (LFG), as well as around $800 million for the company’s debt, according to a news release. That’s a 38% premium to Archaea’s volume weighted average share price for the 30 days ending Oct. 14, the companies said. ...

“This deal accelerates our ability to deliver cleaner energy, generate significant earnings in a fast-growing sector and help reduce emissions. This could help bp take a significant stride toward our net zero ambition,” Dave Lawler, chairman and president of BP America, said in the news release."

https://www.marketwatch.com/articles/bp-buy-archaea-energy-renewable-natural-gas-stock-51666012414?mod=mw_quote_news