- Many countries throughout the world are incorporating RNG into their carbon-reduction strategy, including China, India, Europe, Canada, and the United States
- EVGIF is building RNG infrastructure in Canada, starting in British Columbia and moving east with projects in Alberta and Ontario
- RNG is pipeline-quality gas that is equivalent to natural gas, compatible with existing pipeline networks
- Expansion of EVGIF’s RNG network is made possible through long-term offtake agreements from Canada’s highly regulated utility companies
Over 110 countries are increasingly moving towards carbon-neutral or carbon-negative energy sources in an effort to meet a net zero emissions target by 2050 (https://ibn.fm/FYPtM
). Renewable natural gas (“RNG”) is being presented as part of a global solution as countries throughout the world set targets to incorporate biofuels into their carbon-reduction strategy, including China (https://ibn.fm/U9uyS
), India (https://ibn.fm/HqWQj
), Europe (https://ibn.fm/M5yWx
), and the United States (https://ibn.fm/i51TF
EverGen Infrastructure (TSX.V: EVGN) (OTCQX: EVGIF)
, a North American RNG leader, is making headway in Canada with three projects in British Columbia and significant investments eastward in Alberta and Ontario. The Company’s efforts are aligned with the Canadian government’s initiatives to lower emissions, including the Net-Zero Emissions Accountability Act that aims to reduce emissions by 40-45% from 2005 levels by 2030 (https://ibn.fm/lMyO1
The RNG infrastructure produces pipeline-quality gas equivalent to natural gas and compatible with the existing pipeline network. Organic waste from farms, landfills, and sewage treatment plants is processed to create a biogas that is refined to biomethane – a fully interchangeable alternative to traditional gas. Besides providing a carbon-negative equivalent to fossil fuels, RNG production additionally creates end-products for other uses, including fertilizer. In addition, RNG production helps reduce methane, hydrogen sulfide, and carbon dioxide gases that otherwise would be released into the atmosphere.
EverGen aims to expand RNG production across Canada through a projected infrastructure network comprising 20 facilities within five years. Currently, the Company operates three RNG projects in British Columbia, including Net Zero Waste Abbottsford, Fraser Valley Biogas, and Sea to Sky Soils. Moving east, the Company has a 67% ownership in Alberta-based GrowTEC and a 50% stake in Ontario-based Project Radius.
Long-term expansion of EVGIF’s network is made possible through support from Canada’s highly regulated energy sector that provides long-term offtake agreements for energy derived from the Company’s RNG projects. In contrast, the U.S.’s carbon credit-based system generates unpredictable pricing mechanisms that increase risk when building RNG infrastructure over the long term.
Based in Vancouver, British Columbia, EverGen’s 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 moving east with projects in Alberta and Ontario, the Company acquires, develops, builds, owns, and operates a portfolio of RNG waste-to-energy and related infrastructure projects with the aim of powering a sustainable 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