04:13:29 EDT Fri 17 May 2024
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or Name
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Evergen Infrastructure Corp
Symbol EVGN
Shares Issued 13,896,519
Close 2023-12-21 C$ 2.02
Market Cap C$ 28,070,968
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Evergen completes Fraser Valley biogas expansion

2023-12-21 18:56 ET - News Release

Mr. Mischa Zajtmann reports

EVERGEN INFRASTRUCTURE ANNOUNCES COMPLETION OF THE FRASER VALLEY BIOGAS EXPANSION AND DELIVERY OF FIRST GAS

Evergen Infrastructure Corp. has successfully completed the Fraser Valley biogas expansion and the delivery of first gas injection.

Having acquired the facility in 2021, Evergen has delivered Fraser Valley biogas's original intended design, positioning itself as a leader in renewable natural gas (RNG) production. Fraser Valley biogas is now poised to enter a ramp-up phase to reach its full design capacity, ultimately doubling output which is expected to produce 160,000 gigajoules of RNG annually.

"With the successful completion of the Fraser Valley biogas expansion and the delivery of first gas, we continue to fulfill our commitment to advance renewable energy solutions in Canada," said Mischa Zajtmann, chief executive officer of Evergen. "I am proud of what our team achieved in delivering this significant milestone for the company."

"The seamless integration of our facility's original design, under Evergen's management and operations team, showcases our capacity and capability to execute these RNG projects," said Jamie Betts, chief operating officer of Evergen. "This is a model that can be replicated across the platform as we continue to prioritize core project delivery."

About Fraser Valley biogas

Fraser Valley biogas is British Columbia's first RNG facility and has been digesting manure and off-farm organics since 2011. The RNG generated through this project is part of Fortis B.C.'s program to supply renewable gas to homes, businesses and its customers. Fraser Valley biogas also provides Abbotsford farms with renewable fertilizer via the digestate produced as part of the RNG process. Evergen acquired Fraser Valley biogas in early 2021.

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.

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