EVGN:CC - InvestorNewsBreaks - EverGen Infrastructure Corp. (TSX.V: EVGN) (OTCQX: EVGIF) Receives $15M Funding from Clean Fuels Fund
EverGen (TSX.V: EVGN) (OTCQX: EVGIF), Canada’s renewable natural gas (“RNG”) infrastructure platform, has been awarded $10.5 million from Natural Resources Canada’s (“NRCan”) Clean Fuels Fund. The funding will support the development of the company’s Renewable Natural Gas (“RNG”) expansion at its Pacific Coast Renewables (“PCR”) facility. The Clean Fuels Fund is a program developed by the Canadian government to support the growth of the domestic clean fuels industry, thereby reducing Canada's greenhouse gas emissions. According to the announcement, the Pacific Coast Renewables RNG expansion project is now fully funded. The company stated that the facility expansion, which is designed to produce some 185,000 GJ of RNG per year, will add anaerobic digestion ("AD") capabilities to the site, which will produce biogas. The biogas will be upgraded to RNG to feed into FortisBC’s gas network under an existing off-take agreement. The end result is that the facility will produce liquid digestate fertilizer along with the solid organic fertilizer that is produced through the AD process. “We are honored to be recognized and awarded funding by NRCan’s Clean Fuels Fund,” said EverGen CEO Chase Edgelow in the press release. “As a leader in Canada’s domestic clean fuels industry, the confidence and support from the federal government is an important endorsement. We are a Canadian-based platform focused on building, owning, and operating RNG infrastructure, and are actively consolidating Canada's fragmented RNG industry to create a more sustainable future for all Canadians.”
To view the full press release, visit https://ibn.fm/jNN3o
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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