- EverGen is an established green energy producer focused on Renewable Natural Gas (“RNG”), waste to energy, and related infrastructure projects contributing to a sustainable future
- The company currently runs a compelling portfolio of three projects: Fraser Valley Biogas, Net Zero Waste Abbotsford, and Sea to Sky Soils
- Although currently focused on Canada, EverGen expects continued growth beyond its domicile country, including regions in North America and more
- EverGen’s common shares trade on the TSX Venture Exchange and started trading on the OTCQB(R) Venture Market on February 15, 2022. The company aims to attract and engage with a broader base of investors outside of Canada with this move
- With business deeply rooted in the company’s Environmental, Social, and Governance (“ESG”) values, EverGen contributes to a sustainable future while making a meaningful impact in the communities where it operates
- With renewables becoming increasingly crucial in combating climate change, EverGen boasts a compelling business profile supported by a leadership team of passionate environmental innovators and community leaders establishing EverGen as the leading RNG Infrastructure Platform
EverGen Infrastructure (TSX.V: EVGN) (OTCQB: EVGIF) is a Canada-based renewable energy producer focused on Renewable Natural Gas (“RNG”), waste to energy, and related infrastructure projects. The company provides clean energy alternatives with RNG projects that are carbon-negative since they help create energy from organic waste that would otherwise emit harmful greenhouse gases. EverGen uses innovative systems to capture and process these emissions into RNG. As a result, this solution helps solve a growing waste problem while creating energy resources that contribute to the circular economy and decrease global emissions.
As the low-carbon economy is becoming critical, clean energy alternatives are taking center stage in the global effort to reduce the threat of climate change and increase the quality of life for people around the world due to reduced pollution. Moreover, new technologies have inspired innovation in the sector, helping it make strides in tackling the global energy challenge and bringing down the costs of producing energy from natural sources that are constantly replenished. As a result, renewable energy is booming, becoming a compelling investment proposition as the sector starts to deliver on the promise of a fundamental change towards a clean energy future.
With 51 billion tons of greenhouse gases added to the atmosphere each year (https://ibn.fm/gbdBy), a lower carbon economy becomes a necessity. This is where EverGen sees its place in the world, as the company that is committed to bridging the gap between social and environmental responsibility with financial incentives and economic growth.
Instead of letting methane from animal waste and other biomass sources go directly into the atmosphere, EverGen’s solutions capture the harmful gas and convert it to RNG for use in the natural gas grid. As a result, the negative impact on the environment is substantially reduced since the released greenhouse gasses are materially less potent than methane.
Using RNG means that the carbon already circulating in the environment is recycled instead of increased. In contrast, burning fossil fuel releases new carbon emissions that were previously stored in the earth.
Also, unlike conventional natural gas, RNG allows additional carbon emission reductions due to methane emission avoidance. For example, RNG generated from food waste enables landfill diversion, and RNG made using anaerobic digesters improves manure management at farms.
How Renewable Natural Gas Helps Deliver on Sustainability Targets
Renewable gas is going mainstream. In Canada, natural gas utilities have set an aspirational target of 5% RNG blended into natural gas streams by 2025 and 10% by 2030, intending to achieve 24 MT of GHG emission reductions per year by 2030 — equivalent to removing 5.2 million passenger cars from the road.
EverGen is one of the key players in the Canadian RNG space. Aligned with the provincial government’s targets, FortisBC, a Canadian gas utility, aims to reduce its customers’ greenhouse gas emissions by 30% by 2030. To work towards this 30BY30 goal, FortisBC partnered with EverGen through a 20-year offtake agreement to supply enough carbon-neutral RNG for 1,900 homes in the Metro Vancouver region. As FortisBC’s RNG supplier, EverGen is critical in achieving its 30BY30 target by increasing the amount of RNG in FortisBC’s natural gas lines.
EverGen Current Projects
Fraser Valley Biogas is an anaerobic digestion facility that utilizes local agriculture and commercial food processing waste to generate renewable natural gas and renewable fertilizer.
Founded in 2011, Fraser Valley Biogas was the first agricultural digester to produce renewable natural gas in Canada. EverGen acquired Fraser Valley Biogas in 2021 and is currently working on enhancing and expanding the facility.
The RNG generated through this project helps FortisBC’s program supply renewable gas to its customers. Also, it provides Abbotsford farms with renewable fertilizer via the digestate produced as part of the process of digesting manure and off-farm organics.
Net Zero Waste Abbotsford Inc. works with communities toward a Zero Waste goal by using composting technology for a cleaner and greener environment.
Net Zero Waste Abbotsford provides the services that support programs promoting better organic waste management by encouraging producer and user responsibility practices.
The project employs innovative designs that allow financial incentives for waste reduction through tipping fees well below the cost of landfill.
EverGen’s Sea to Sky Soils Project is an organic waste processing facility in Pemberton, B.C., handling organics to produce high-quality soil products such as stable compost.
Sea to Sky Soils has been helping to divert organic waste from landfills since 2012, catalyzing a circular economy by using the organic, yard, and wood waste to produce high-quality amendments and blends that are later used on farms, landscapes, and gardens.
Still, Sea to Sky Soils aims to be more than just a world-class organic waste processing facility. Instead, the project is committed to making a meaningful impact in the communities where it operates.
Having operated on Lil’wat Nation land since 2012, the long-term partnership with First Nations and municipalities across BC is at the heart of how EverGen approaches business operations. In line with these values, Sea to Sky Soils supports social, cultural, and recreational programs in Mount Currie and contributes to the economic upliftment of the Lil’wat community by employing their talent on the project.
ESG-Driven Business Model That Bridges Commercial Success with Shared Prosperity
Committed to operating ESG value-driven businesses and contributing to the well-being of local communities, EverGen aims to marry commercial success with environmental consciousness.
Although the company is currently focused on projects based in Canada, EverGen expects continued growth beyond its domicile country, including regions in North America and more. EverGen’s common shares began trading on the OTCQB(R) Venture Market (“OTCQB”) in the United States on February 15, 2022, to attract and engage with a broader base of investors outside of Canada.
With the leadership team of passionate environmental innovators and community leaders that works toward a shared vision of establishing EverGen as the leading RNG Infrastructure Platform, the company boasts an executive team with more than 20 years of experience in RNG project development, oversight & optimization across over 60 projects globally.
With business processes deeply rooted in the company’s Environmental, Social, and Governance (“ESG”) values, EverGen works with its stakeholders, including First Nations communities, customers, and investors, to operate and grow sustainably, ensuring responsible development, disciplined asset management, financial strength, and resiliency.
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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