- EverGen Infrastructure have expanded its operations to encompass organic waste processing, through its Sea to Sky Soils facility
- Sea to Sky Soils, which is operated in partnership with the Lil’wat First Nation, processes organic material into a wide variety of quality soils, compost and landscape material
- The waste processor recently signed an agreement with a BC district ensuring the supply of over 10,000 tonnes of organic waste feedstock per annum over the next 3 years
- With EverGen playing an increasingly crucial role in furthering Canada’s net zero ambitions, the company’s CEO Chase Edgelow was recently recognized in The Global and Mail’s annual list of 50 Changemakers
EverGen Infrastructure (TSX.V: EVGN) (OTCQX: EVGIF), has long operated at the forefront of Canada’s renewable natural gas (“RNG”) industry. Whilst relatively nascent in nature, the renewable natural gas sector – comprising of processed biogas sourced from landfills, dairy farms and organic waste, has experienced tremendous growth in recent years with production facilities increasingly being rolled out across the U.S. and Canada. In 2021 alone, RNG production capacity in the United States swelled to approximately 660 million gallons gasoline equivalents (“GGE”), a 20 percent increase relative to the prior year. Since commencing operations 12 years ago, EverGen has been an active participant in the sector’s exponential growth trajectory. Boasting 4 revenue generating assets already in operation, the company has recently announced plans to grow its cumulative gross RNG generating capacity to 480,000 gigajoules of energy per annum in the near future, a process which could grow the company’s EBITDA by upwards of 300 percent (https://ibn.fm/rr1r6).
Whilst it has established itself as a mainstay within the RNG field, EverGen Infrastructure have sought to adopt an increasingly holistic view surrounding the renewable energy and waste processing industry. In early 2022, Canada announced its goal to decrease the quantity of waste deposited in its landfills by 30 percent as of 2030 and 50 percent by 2040 (https://ibn.fm/6Dqwr). As part of that overarching ambition, EverGen have founded Sea to Sky Soils, an organic waste processing site operated in partnership with Lil’wat First Nation, seeking to transform and process organic material into high quality soils, compost and landscape materials destined for use by farmers, home gardeners, landscapers and developers.
The business has quickly become one of the largest regional processors of organics within Canada’s British Columbia region, recently announcing that it has signed multiple contracts with a BC regional district for the processing of organic waste at the facility, which provides over 10,000 tonnes per annum (https://ibn.fm/ifTVW). The contract will provide Sea to Sky Soils with increased certainty on the supply of organic feedstock through 2025 with a preferred partner.
“Contracts such as this de-risk our core business and represent another step towards our goal of providing solutions for over 300,000 tonnes of organic waste per annum in the region,” Stated Edgelow.
Through projects such as its Fraser Valley biogas facility, which converts the methane produced by food scraps and manure into RNG and now, its Sea to Sky Soils facility, EverGen Infrastructure has become an integral part of the mission towards achieving Canada’s Net Zero ambitions in the near future. As such, it comes as little surprise that EverGen Infrastructure Co-founder Chase Edgelow was recently recognized as one of 50 Changemakers in The Global and Mail’s annual list. The ambition of the list has been to recognize the activists, executives, entrepreneurs, and academics who have single-mindedly devoted themselves towards making the world a better place. Through its ambition towards transforming the world’s energy consumption and making the earth a cleaner home for all, EverGen Infrastructure certainly made the cut (https://ibn.fm/EPSMh).
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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