- Renewable Gas production has rapidly come into vogue, partially due to a wide array of tax credits provided to the sector under the auspices of the U.S.’ Inflation Reduction Act
- The push to develop RNG generation capacity has led to a spate of M&A within the sector, headlined by BP’s $4.1bn acquisition of Archaea Energy in late 2022
- EverGen Infrastructure has been an early mover within the industry, with ambitious stated plans to own and manage 20 RNG-generating facilities across Canada within 5 years
- The company is seeking to capitalize on the exponential growth trends within the sector, which is seeing further momentum as a series of Canadian and American regional governments mandate the obligatory inclusion of RNG within their natural gas feedstock
North American grocery stores toss out billions of pounds of expired meat, rotten fruit and moldy bread every year. Most of that food ends up rotting in landfills, where it releases methane – a potent greenhouse gas, into the atmosphere. Now however, a growing effort is underway to rescue that trash and turn it into energy instead.
EverGen Infrastructure (TSX.V: EVGN) (OTCQX: EVGIF), a British-Columbia based natural gas operator, is seeking to do just that. The firm operates several facilities dedicated towards processing organic waste via an anaerobic digestion process to generate both, renewable natural gas and renewable fertilizer and…
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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