- RNG is considered carbon-neutral because it is derived from organic sources that produce methane emissions while decaying
- EverGen is developing Canadian RNG infrastructure with projects in British Columbia, Alberta, and Ontario
- EverGen’s expansion projects backed by Canada’s highly regulated energy sector, supported with long-term contracted revenue agreements
According to the United Nations, the future of clean energy depends on fuel sources that are economical and reliable while minimizing carbon emissions (https://ibn.fm/NSl40). Sources with a minimal or zero carbon footprint like liquified natural gas (“LNG”), solar panels, and wind turbines are viable options, however renewable natural gas (“RNG”) provides a stronger impact by removing carbon from the atmosphere.
EverGen Infrastructure (TSX.V: EVGN) (OTCQX: EVGIF) is dedicated to a net-zero future that leverages renewable energy sources like RNG. The company leads RNG adoption efforts across Canada by acquiring, developing, building, and operating a portfolio of RNG and related waste-to-energy projects while developing a domestic RNG platform.
RNG is considered carbon-negative because it is derived from organic sources that otherwise would decay and produce methane emissions. According to the Southern California Gas Company, RNG sourced from landfill-diverted food and green waste can provide a 125 percent reduction in greenhouse gas emissions (https://ibn.fm/XR1Kc). Further, replacing traditional vehicle fuel with RNG sourced from dairy manure can reduce greenhouse gas emissions by 400 percent, according to the utility company.
EverGen is committed to expanding RNG infrastructure across Canada by investing in projects in British Columbia, Alberta, and Ontario. The company recently broke ground at its West coast Fraser Valley Biogas RNG expansion project with the goal of doubling RNG production volumes to approximately 160,000 GJ of RNG per year (https://ibn.fm/phvYB). Across the country in Ontario, the company recently acquired a 50 percent interest in Project Radius, which includes three RNG projects collectively capable of producing approximately 1.7 million GJ of RNG per year (https://ibn.fm/PVHxE).
“EverGen will deliver on our platform expansion commitments with the potential to exceed 1,000,000 GJ of RNG production annually,” said Chase Edgelow, CEO of EverGen. “Ontario has an abundant amount of excess organic feedstock, and as a leader in the RNG industry, EverGen can develop the sustainable infrastructure that contributes to carbon-negative energy production and the greening of the province.”
EverGen’s expansion projects are backed by Canada’s highly regulated energy sector. With the support of long-term contracted revenue agreements, the company can invest in its RNG network through a guaranteed pricing mechanism. “This is different from the US model, which is reliant on carbon credits which have a pricing mechanism that can be difficult to predict,” said Edgelow in a recent interview (https://ibn.fm/ixLJi). “What’s unique about this landscape and industry in Canada comes from what we see as a really strong tailwind for our business: the strength of the Canadian regulated gas utilities in terms of providing long-term offtake agreements for energy derived from these RNG projects.”
Based in Vancouver, British Columbia, EverGen is an established independent renewable energy producer committed to developing Canada’s RNG infrastructure. With projects located across the country, the company is emerging as a leader committed to powering a sustainable, net-zero future based on renewable 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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