EverGen (TSX.V: EVGN) (OTCQX: EVGIF), Canada’s renewable natural gas (“RNG”) infrastructure platform, has achieved mechanical completion of the Fraser Valley Biogas RNG Expansion Project; the project came in on budget at approximately $12 million. According to the announcement, the project began in third quarter 2022, with plans to improve the feedstock processing system and install a new RNG upgrader, as well as commission a third anaerobic digester. These upgrades were designed to bring the production capacity of the facility to about 160,000 gigajoules of RNG per year by removing processing bottlenecks, providing enhanced flood protection, improving environmental controls and increasing operational reliability. The increased capacity is projected to lead to significant increases to revenue, net income and EBITDA for EverGen. “We are very pleased to announce the significant milestone of the Fraser Valley Biogas RNG Expansion Project reaching mechanical completion for EverGen’s second RNG expansion project,” said EverGen CEO Mischa Zajtmann in the press release. “Our dedicated project team will now shift their focus to the installation of the new control system and commissioning of the facility expansion to achieve RNG production from the new upgrader expected in December 2023.”
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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 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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