- RNG is a carbon-neutral alternative to natural gas that is compatible with existing pipeline infrastructure
- RNG is considered carbon-negative because it is produced from organic materials that otherwise decompose and generate methane emissions
- EverGen leads RNG adoption in Canada by acquiring, developing, and managing portfolio of RNG and waste-to-energy projects
- EVGIF aims to develop a cross-country RNG platform of 20+ facilities within five years, starting with British Columbia, Alberta, and Ontario
- EverGen management predicts RNG opportunity to exceed C$16 billion for RNG producers
EverGen Infrastructure (TSX.V: EVGN) (OTCQX: EVGIF) is focused on achieving a Net-Zero future by leveraging the power of renewable natural gas (“RNG”) – a carbon-neutral alternative to natural gas that is compatible with existing pipeline infrastructure.
RNG is carbon-negative since it is produced from organic materials that would otherwise decompose and generate methane emissions. By preventing the release of greenhouse gasses into the atmosphere, RNG has the potential to make a more substantial impact than other fossil fuel alternatives like solar panels and wind turbines.
Besides preventing the release of methane into the atmosphere, the production of RNG can increase crop yields by creating digestate – a nutrient-rich fertilizer produced as a byproduct of the agricultural digestion process. Further, RNG production from waste does not require large tracts of land or other natural resources and helps protect areas by diverting waste from landfills.
“We need to deal with our waste, as humans,” said EverGen CEO Chase Edgelow, in a recent feature on RNG by the World Economic Forum (https://ibn.fm/yxH0b). “We need waste infrastructure. But we also want to decrease carbon emissions. So why would we let the energy from that waste infrastructure go straight into the atmosphere and go to waste?”
EVGIF leads RNG adoption in Canada by acquiring, developing, and managing a portfolio of RNG and waste-to-energy projects, while planning to develop an RNG platform of 20+ facilities within five years. The company currently owns and operates five RNG and/or organic processing facilities across Canada. These include Fraser Valley Biogas, Sea to Sky Soils, and Net Zero Waste Abbotsford in British Columbia, a 67% ownership stake in GrowTEC in Alberta, and a 50% stake in Project Radius located in Ontario. RNG generated from several of these projects, including Fraser Valley Biogas, Net Zero Waste Abbotsford, and GrowTEC, is bought by FortisBC through a long-term offtake agreement.
Canada is not alone in its push for RNG adoption. The United States and eighteen European Union nations are investing in RNG projects in an effort to reduce emissions and promote sustainability (https://ibn.fm/MK2vG). Further, several North American gas utilities have established targets to incorporate RNG into their natural gas supplies that range from 5-15%. EverGen’s management recognizes this transition as a potential opportunity worth over C$16 billion for RNG producers.
EverGen Infrastructure Corp. is a well-established independent renewable energy producer that aims to develop RNG infrastructure throughout Canada. With a strong focus on sustainability and achieving a Net Zero future, the company is quickly emerging as a leader in the industry that is committed to powering a carbon-free future with 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