EVGIF - EverGen Infrastructure Corp. (TSX.V: EVGN) (OTCQX: EVGIF) RNG Production Planned End of 2022 as GrowTEC Expansion Nears Completion
- EVGIF announced 80% completion of GrowTEC expansion, finalizing construction of injection infrastructure to connect system to local RNG pipeline network
- GrowTEC RNG production expected end of 2022, planned capacity of approximately 140,000 GJ/year
- Released Q3-2022 financial results, highlights included YOY revenue increase to C$2.0 million, cash and cash equivalents of C$12.8 million
- Key milestones achieved included signed term sheet for long-term RNG offtake agreement, signed term sheet for C$31 million senior term loan, commencement of Fraser Valley Biogas RNG Expansion Project
EverGen Infrastructure (TSX.V: EVGN) (OTCQX: EVGIF), a renewable energy company that is developing Canada’s renewable natural gas (“RNG”) infrastructure platform, recently announced that its GrowTEC expansion is 80% complete with production planned by the end of 2022 (https://ibn.fm/pX5t3).
GrowTEC is an operating biogas facility that converts organic waste to soil amendments and clean energy. EVGIF acquired a 67% interest and assumed operations of the biogas facility earlier this year. The company recently completed the acquisition and is currently finalizing the construction of the...
NOTE TO INVESTORS: The latest news and updates relating to EVGIF are available in the company’s newsroom at http://ibn.fm/EVGIF
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