EverGen Infrastructure Corp. Provides Development Update on Phase 1 of the GrowTEC RNG Expansion Project
VANCOUVER, British Columbia–(BUSINESS WIRE)–EverGen Infrastructure Corp. (“EverGen” or the “Company”) (TSXV: EVGN) (OTCQX: EVGIF), is pleased to announce that construction on Phase 1 of the GrowTEC RNG Expansion Project is 80% complete and is tracking ahead of schedule.
GrowTEC is an operating biogas facility which focuses on sustainable agriculture through the conversion of organic waste to soil amendments and clean energy. Since acquiring a 67% interest and assuming operatorship of the Project earlier this year, EverGen has been successful to date in implementing the Project designed to upgrade existing biogas and power production to renewable natural gas (RNG). The Project is finalising construction of the injection infrastructure for tie-in into the local pipeline network and is anticipated to be ready to commission in the next month.
Once complete, Phase 1, is expected to produce 80,000 gigajoules of RNG annually, which is underpinned by a long-term offtake agreement with FortisBC. The Phase 2 expansion is expected to add an additional 60,000 gigajoules of RNG annually for a total of 140,000 gigajoules of RNG production annually from the Project.
“We are thrilled with the pace at which our team has delivered this project,” said Chase Edgelow, CEO of EverGen. “Phase 1 is tracking ahead of schedule and once commissioned, the project will further contribute to and strengthen our positive cash flow position.”
About EverGen Infrastructure Corp.
EverGen, Canada’s Renewable Natural Gas 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 about EverGen Infrastructure Corp. and our projects, please visit www.evergeninfra.com.
Contacts
EverGen Investor Contact
Victoria Rutherford
480-625-5772
Victoria@adcap.ca
