Greenlane Renewables Inc. through its subsidiary, Greenlane Renewables Capital Inc., is pleased to announce its first deployment of development capital to a company focused on developing RNG projects in California, based on the dairy cluster model. Greenlane is deploying pre-construction development capital in the form of a convertible note loan agreement with funds to be advanced on a milestone achievement basis up to US$0.9 million. The funds will be used to progress the development company’s dairy cluster project to construction financing, expected in Q4 2022, as well as to advance their pipeline of project development opportunities. The initial project planned by the development company is located in California and is estimated to generate over 80,000 MMBtu annually using a Greenlane-supplied biogas upgrading system. More >>
