- RNG is produced by decomposing and processing organic matter into compressed natural gas (“CNG”) to power vehicles, liquefied natural gas (“LNG”) for residential, commercial, and industrial uses
- RNG is completely compatible and fully interchangeable with conventional natural gas within existing pipeline networks
- EVGIF acquires, develops, builds, and owns a portfolio of RNG waste-to-energy and related infrastructure projects in British Columbia, Alberta, and Ontario
EverGen Infrastructure’s (TSX.V: EVGN) (OTCQX: EVGIF) renewable natural gas (“RNG”) infrastructure platform is tapping into the power of organic waste to power homes and vehicles across Canada. Starting in British Columbia on the west coast and Ontario towards the east, the company acquires, develops, builds, owns, and operates a portfolio of RNG waste-to-energy and related infrastructure projects with the aim of lowering greenhouse gases and powering a sustainable future.
Converting organic waste into usable energy is not a new concept. The United States Clean Water Act of 1972 mandated the extraction of energy from methane – a colorless, odorless natural gas produced by certain human activities – before it was burned (https://ibn.fm/coCrr). As a result, hundreds of facilities across California currently produce electricity from a biogas-fueled engine.
EVGIF is dedicated to making similar technological advances in Canada. RNG is a high-quality, completely compatible gas alternative that is fully interchangeable with conventional natural gas within the existing pipeline network. It is produced by decomposing and processing organic matter into compressed natural gas (“CNG”) to power vehicles or liquefied natural gas (“LNG”) that can be used for residential, commercial, and industrial purposes.
EverGen aims to bring RNG technology to Canadian homes and businesses by building an infrastructure network of over 20 facilities within five years. The company’s current footprint comprises five RNG and/or organic processing facilities that include Net Zero Waste Abbottsford, Fraser Valley Biogas, and Sea to Sky Soils in British Columbia. Towards the east, the company has a 67% ownership in Alberta-based GrowTEC and a 50% stake in Ontario-based Project Radius.
RNG produced at Net Zero Waste Abbottsford, Fraser Valley Biogas, and GrowTEC is bought via long-term offtake agreements by FortisBC – the largest natural gas distributor in British Columbia. With a focus on the East, EVGIF recently acquired a 50 percent interest in Project Radius – a portfolio of RNG development projects in Ontario that can collectively produce approximately 1.7 million RNG GJ/year.
“When you add it all together, we’ve got a business capable of delivering $30 million of EBITDA from the portfolio that we have in front of us, and we see 25+ projects in Canada that could deliver 4x growth beyond that”, said EVGIF CEO Chase Edgelow in a recent interview on The Bell2Bell Podcast (https://ibn.fm/jmDCF).
“There’s a tremendous amount of opportunity in this space right now.”
Based in Vancouver, British Columbia, EverGen is an established independent RNG producer committed to developing Canada’s RNG infrastructure. With projects across the country, the company is emerging as a leader committed to powering a sustainable, net-zero future based on sustainable energy sources.
For more information, visit the company’s website at www.EverGenInfra.com.
NOTE TO INVESTORS: The latest news and updates relating to EVGIF are available in the company’s newsroom at https://ibn.fm/EVGIF
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