- Canadian and BC governments subsidizing RNG industry, commercial RNG options growing
- RNG demand expected to reach approximately 3.7 billion cubic feet by end of 2022
- Canada-based EverGen acquires, develops, builds, and owns RNG portfolio, waste-to-energy, and related infrastructure projects, focused on North American market
The Canadian government has commenced renewable natural gas (“RNG”) investment to enhance the country’s competitive advantage, create jobs, diversify market opportunities, and reach emission reduction targets (https://ibn.fm/VY9OK). EverGen Infrastructure (TSX.V: EVGN) (OTCQB: EVGIF), an independent renewable energy producer, is supporting the effort by developing an RNG infrastructure platform that includes acquiring, developing, building, owning, and operating a portfolio of RNG, waste-to-energy, and related infrastructure projects.
“The Government of Canada is pleased to invest in projects that position Canada’s natural resource sectors as leaders on the global stage,” said Jonathan Wilkinson, Minister of Natural Resources, at the GLOBE Forum 2022. “Through innovative ideas and with dedicated partners, we are helping to grow the economy in a way that is compatible with our climate commitments.”
EverGen currently focuses on British Columbia (“BC”), Alberta, and Ontario with plans to expand further across Canada and North America. In the interim, industry wide RNG operations throughout BC are maturing towards industrial scale as provincial regulations aim for low carbon outputs through greenhouse gas reduction goals and supplier incentives (https://ibn.fm/HodXg).
The BC Utilities Commission recently approved RNG supply deals with 25 municipal and agricultural waste disposal sites to meet future demand. According to FortisBC, a BC-based electricity and natural gas distribution utility, market demand is expected to reach approximately 3.7 billion cubic feet by the end of 2022.
BC leads Canada in taking action under the Climate Leadership Plan by supporting natural gas investments to increase the use of renewable energy while reducing greenhouse gas emissions (https://ibn.fm/UODyZ). “We’re working with utilities to stimulate the use of LNG as a marine fuel in large, ocean-going ships, and to increase the supply and use of renewable natural gas,” said Energy and Mines Minister Bill Bennett. “Building the market for BC’s abundant supplies of natural gas offers the opportunity to achieve significant GHG emissions reductions and supports jobs and economic opportunities in British Columbia’s natural gas sector.”
RNG stands apart from conventional natural gas because it does not require invasive drilling into the earth’s surface. Created from decomposing organic waste, RNG is produced from matter found in landfills, food waste, agricultural operations, and wastewater treatment facilities. Waste feedstock from these sources supplies an anaerobic digester that contains bacteria to anaerobically break down the organic matter, capture the biogas, and clean the by product to create carbon neutral or carbon negative RNG.
Headquartered in Vancouver, BC and incorporated in 2020, EverGen operates three projects in British Columbia, including Fraser Valley Biogas, Net Zero Waste Abbotsford, and Sea to Sky Soils, and has development projects in BC, Alberta, and Ontario. Together, these projects are expected to produce enough energy to heat thousands of homes and serve as a source of feedstock to power the company’s current and future operations.
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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