Greenlane Renewables April 17 2023 AnnouncementGreenlane Renewables Announces Agreement with ZEG Biogas to Establish Industrial Scale Volume Production Locally in Brazil
Under the terms of the agreement, Greenlane and ZEG Biogs will collaborate to establish, locally in Brazil, volume production of Greenlane's Totara+ Water Wash Biogas Upgrading Product, one that is capable of processing up to 2,500 Nm3/h of inlet biogas. ZEG Biogs has been granted exclusive rights to localize the supply chain and manufacture the product in Brazil under the Greenlane brand and to market and sell the product to biomethane producing projects ....
ZEG Biogs' goal is to reach the production of 75 Totara+ systems in the next 5-years. Production capacity will be phased in over time, with a minimum volume commitment in the first two years.
Well folks a year sure has flown by pretty quickly, there has been one major contract announcement in Nov, we are now entering year 2 of the "agreement" with ZEG and from whats been happenning with the manufacturing plant being opened in Brazil and additonal agreements for new projects to commence throughout Brazil, we should start to see increased contract announcemens from GRN I would think. I wonder what the minimun 2 year volume agreement was with ZEQG as GRN never did announce that at all, hopefully its more than just 1:)
Good luck to the investors that hung in over the past 2 years and fingers crossed for a good 2024 for GRN, time to get some contracts announced and get that share price out of the dumspter bin!!!!