EverGen (TSX.V: EVGN) (OTCQB: EVGIF), Canada’s renewable natural gas (“RNG”) infrastructure platform, has completed the acquisition of a 67% interest in Grow the Energy Circle Ltd. (GrowTEC), a multi-faceted bioenergy venture of sustainable agriculture located in Alberta. Located on the Perry Family farm, GrowTEC integrates responsible best practices and renewable energy. The operating farm-scale biogas facility features an anaerobic digester that converts biodegradable waste into biogas, generating renewable power. With the acquisition now complete, EverGen plans on working with GrowTEC to add on and upgrade the facility; currently the project has an agreement with FortisBC to contribute to its target to have at least 15% of its gas supply carbon neutral by 2030. Those plans are in phase 1 development stage, with completion anticipated by Q4 2022. “We are very pleased to complete the acquisition of GrowTEC and begin working alongside the GrowTEC team to convert the project to an RNG facility that supports the transition to carbon negative energy production in Alberta,” said EverGen CEO Chase Edgelow in the press release. “Along with our recently announced acquisition of RNG development projects in Ontario, EverGen is expanding across the country, now in three of the four largest Canadian jurisdictions for RNG. Our focus on industry consolidation and the build out of our RNG infrastructure platform is well underway as we move toward the potential to produce over 1,000,000 GJ of RNG annually.”
To view the full press release, visit https://ibn.fm/2KxaD
About EverGen Infrastructure Corp.
EverGen, Canada’s renewable natural gas infrastructure platform, is combating climate change and helping communities contribute to a sustainable future. EverGen is an established independent renewable energy producer that acquires, develops, builds, owns and operates a portfolio of renewable natural gas, waste-to-energy and related infrastructure projects. EverGen is focused on Canada, with continued growth expected across other regions in North America and beyond. For more information about EverGen and its products, visit 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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