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EverGen announces optimization of Fraser Valley Biogas results in record renewable natural gas production in September 

Published: 08:33 21 Oct 2021 EDT

EverGen Infrastructure Corp -
Fraser Valley Biogas previously produced approximately 80,000 gigajoules of RNG annually - enough to heat approximately 1,000 homes for a year

EverGen Infrastructure Corp (TSX-V:EVGN) has reported record production for September as a result of enhancement and optimization projects at recently acquired Fraser Valley Biogas Ltd, supporting growing demand for renewable natural gas (RNG) in British Columbia (BC).

The Vancouver-based energy company said Abbotsford, BC-based Fraser Valley Biogas has been supplying renewable energy for over a decade. When it was acquired in April 2021, it produced approximately 80,000 gigajoules of RNG annually - enough to heat approximately 1,000 homes for a year. 

However, in the short period since EverGen has owned and operated the facility, and despite the unprecedented high temperatures experienced in the Fraser Valley this summer, the company said RNG production has improved significantly.

READ: EverGen Infrastructure delivers C$3.3M in revenue from its sustainable energy portfolio

“Following the acquisition of Fraser Valley Biogas earlier this year, our team immediately began optimization activities that have resulted in an impressive increase in RNG production at the facility, with minimal capital required and well within our expected return profile,” EverGen co-founder and CEO Chase Edgelow said in a statement. 

“With the demand for RNG and requirement for low and negative carbon infrastructure continuing to grow, we are working with the Ministry of Environment to amend the facility’s permit to process agricultural and food waste at flows similar to other anaerobic digesters in the area.” 

EverGen said the amendments will allow it to roughly double RNG production at Fraser Valley Biogas later in 2022. Because of the avoided emissions relative to traditional methods of dealing with agricultural and food waste, the RNG produced at Fraser Valley Biogas is carbon negative, the company added.

Fraser Valley Biogas, a wholly-owned subsidiary of EverGen, is the original producing RNG project in Western Canada and the first project to produce 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, primarily by 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. The micronutrient-rich, odour free fertilizer has been a key part of many local farms’ fertility plans for more than ten years.

EverGen acquires, develops, builds, owns and operates a portfolio of renewable natural gas, waste to energy, and related infrastructure projects. The company currently has three facilities in its portfolio and plans to grow its platform into other regions in North America.

Contact the author at stephen.gunnion@proactiveinvestors.com

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on 28/9/22