EverGen (TSX.V: EVGN) (OTCQB: EVGIF) today announced that construction has commenced at the company’s Core RNG Expansion Project at Fraser Valley Biogas. Located in Abbotsford, British Columbia, Fraser Valley Biogas (“FVB”) has been in operation since 2011 and is the original producing renewable natural gas (“RNG”) project in Western Canada to supply FortisBC’s network. The facility produces RNG by combining anaerobic digestion and biogas upgrading, primarily by converting agricultural waste from local dairy farms. Once complete, RNG production volumes at the FVB Core RNG expansion project are expected to double the capacity of the facility to produce ~160,000 GJ of RNG per year. “We are proud of what our team has been able to achieve at FVB to date and pleased to see the project advancing on schedule and on budget,” said Chase Edgelow, CEO of EverGen. “All major mechanical equipment is on track for delivery and costs are within our C$13M-C$15M capital budget. These developments, coupled with the execution of a new long-term offtake agreement in a significantly stronger RNG market, will provide a substantial lift to our revenues and EBITDA.”
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About EverGen Infrastructure Corp.
EverGen, Canada’s renewable natural gas (“RNG”) infrastructure platform, is combating climate change and helping communities contribute to a sustainable future. Headquartered on the West Coast of Canada, EverGen is an established independent renewable energy producer, which 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, visit the company’s website at www.EverGenInfra.com.
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