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Greenlane Renewables extends CA$26.5 million credit facility

Greenlane Renewables extends CA$26.5 million credit facility
Greenlane Renewables is a biogas upgrading company that provides three main upgrading technologies: water wash, pressure swing adsorption, and membrane separation each with specific advantages (image courtesy Greenlane).

Canada-headed biogas technology provider Greenlane Renewables Inc. has announced that the Company has extended its CA$26.5 million standby letter of credit facility to April 30, 2025. The credit facility is secured by a guarantee from Export Development Canada.

As a leading specialist in biogas upgrading, Greenlane Renewables technologies transform biogas generated from organic waste into high-value grid-ready renewable natural gas (RNG).

It is the only biogas upgrading company offering and actively deploying the three main upgrading technologies: water wash, pressure swing adsorption (PSA), and membrane separation, along with proprietary biogas desulfurization technology.

The extended credit facility supports the Company’s pursuit and fulfillment of larger projects and larger portfolios of projects in the global RNG market.

This extension marks a significant milestone in supporting the Company’s financial flexibility, said Monty Balderston, CFO of Greenlane.

To date, the company has delivered over 145 biogas upgrading systems to 19 countries, including some of the largest RNG production facilities in the world, and over 160 biogas desulfurization units.

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