InvestorWire NewsRoom

Article

EverGen Infrastructure Corp. (TSX.V: EVGN) (OTCQX: EVGIF) Pushes for a Net Zero Future with Carbon-Neutral RNG
March 9, 2023

EverGen Infrastructure Corp. (TSX.V: EVGN) (OTCQX: EVGIF) Pushes for a Net Zero Future with Carbon-Neutral RNG

  • 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

About InvestorWire

InvestorWire is the wire service that gives you more. From regional releases to global announcements presented in multiple languages, we offer the wire-grade dissemination products you’ll need to ensure that your next press release grabs the attention of your target audience and doesn’t let go. While our competitors look to nickel and dime you with hidden fees and restrictive word limits, InvestorWire keeps things transparent.

As part of its service, InvestorWire provides coverage of noteworthy announcements. To further expand visibility of achievements being made throughout a multitude of sectors, InvestorWire’s syndication partners have extended the digital coverage to include individual broadcasts on financial websites and platforms visited by millions of investors daily.

For more information, please visit https://www.investorwire.com

Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: http://ibn.fm/Disclaimer

InvestorWire (IW)
8033 Sunset Blvd Suite 1037-IW
Los Angeles, CA 90046
310.299.1717 Office
www.investorwire.com
[email protected]

InvestorWire is part of the InvestorBrandNetwork.

Get Started with InvestorWire

To distribute a release in the next 24 hours. Contact our client services team.

(310) 299-1717

Distribute a press release. Submit your release to get started.

Submit Press Release

Set up a Live demonstration. Schedule a date and time that works for you.

Schedule a LIVE Demo

Press Distribution

Explore Press Distribution Solutions

All releases include an unlimited word count* with full wire-grade syndication, our press release enhancement service, and a follow-up InvestorNewsBreak article distributed to thousands of editorial syndication partners.

Discover Add-on Solutions

Increase the impact of your achievements by adding these exclusive solutions from InvestorWire, delivered in conjunction with the InvestorBrandNetwork (IBN).