06:01:33 EDT Fri 17 May 2024
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or Name
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CA



Evergen Infrastructure Corp
Symbol EVGN
Shares Issued 13,896,519
Close 2024-03-05 C$ 2.15
Market Cap C$ 29,877,516
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Evergen makes production records at Fraser Valley

2024-03-05 17:42 ET - News Release

Mr. Mischa Zajtmann reports

EVERGEN INFRASTRUCTURE ANNOUNCES RECORD SINGLE-DAY AND MONTHLY GAS PRODUCTION AT THE FRASER VALLEY BIOGAS FACILITY

Evergen Infrastructure Corp. has reached a significant milestone in renewable natural gas (RNG) production at the newly completed expansion of the Fraser Valley Biogas facility. Following extensive facility enhancements, Evergen is proud to announce the achievement of new single-day and monthly production records, supporting the growing demand for RNG in the province.

The successful and seamless integration of new feedstock processing and biogas upgrading systems to Fraser Valley Biogas's original design has highlighted the efficiency and effectiveness of these upgrades. This achievement is underscored by the following production records, which were achieved prior to the commissioning and ramp-up of a third digestor in early-March.

Daily production record:  450 GJs

Monthly production record:   9,716 GJs

"The successful ramp-up and record-breaking gas production at our Fraser Valley Biogas facility highlights our operations team's ability to deliver on core projects," said Evergen chief executive officer Mischa Zajtmann. "Our efforts have translated into tangible results as we expect the facility to exceed its name plate capacity of 160,000 GJs per year once fully ramped up."

Along with continuing optimization efforts and the completed installation of the third digester, Evergen remains committed to its production goals and meeting the increasing demands for RNG and low carbon infrastructure in Canada.

About Fraser Valley Biogas

Fraser Valley Biogas, a wholly owned subsidiary of Evergen, is the original producing RNG project in Western Canada and first project to inject RNG into FortisBC's network, part of the North American natural gas infrastructure network. The facility combines anaerobic digestion and biogas upgrading to produce RNG, including converting agricultural waste from local dairy farms. Fraser Valley Biogas also produces an organic liquid fertilizer that is used by surrounding farms to displace synthetic fertilizers. This macronutrient-rich, odour-free fertilizer has been a key part of many local farms' nutrient management planning for over a decade.

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.

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