11:51 AM EDT, 08/06/2024 (MT Newswires) -- Greenlane Renewables ( GRNWF ) said Tuesday its Airdep subsidiary signed a multi-unit purchase agreement with a repeat customer in Europe for biogas desulfurization equipment valued at 1.3 million euros.

Greenlane said the units are engineered to remove hydrogen sulfide (H2S) from raw biogas to protect downstream equipment.

"Winning a new contract for multiple biogas desulfurization units in Europe underscores our breadth of offerings and the demand for our advanced technologies," chief executive Ian Kane said. "We are well-positioned to deliver innovative solutions to our clients worldwide, particularly as these biogas desulfurization products can be sold on their own or in conjunction with Greenlane biogas upgrading systems."

The company noted that every biogas project requires H2S removal, with its product line delivering "an established, robust and cost effective regenerative solution where the goal is low operating expense."

Greenlane shares were last seen down $0.005 to $0.09 on the Toronto Stock Exchange.

Price: 0.09, Change: -0.01, Percent Change: -5.26