SusGlobal(R) Announces Additional Sales of Carbon Credits and Verrs Generated from Its Belleville Composting Offset Project
MWN-AI** Summary
SusGlobal Energy Corp. (OTCQB: SNRG), a leader in the circular economy and environmental sustainability, announced the latest milestones in its carbon credit initiatives through its subsidiary, SusGlobal Energy Belleville Ltd. The company's Belleville Composting Offset Project has sold an additional 1,500 Verified Emission Reductions and Removals (VERRs), contributing to a total of 59,802 VERRs sold to date. This project is listed on the GHG CleanProject® Registry, managed by the Canadian Standards Association (CSA), which ensures the transparent and accurate reporting of greenhouse gas (GHG) offsets derived from SusGlobal's 49-acre organic waste processing and composting facility in Belleville, Ontario.
These VERRs, which are third-party verified according to ISO 14064 standards, represent a critical component of SusGlobal’s carbon credits monetization strategy, as highlighted by Executive Chairman and CEO Marc Hazout. He emphasized that the revenue generated from these credits is essential for fostering technological advancements and supporting sustainable waste management practices across North America.
With the impending implementation of a food and organic waste disposal ban in Ontario, which prohibits the disposal of such materials in landfills, SusGlobal is well-positioned to benefit from increased waste diversion initiatives. This regulation aims to create new opportunities for job creation and innovation while significantly reducing reliance on landfills, thereby supporting renewable energy initiatives and infrastructure investments.
SusGlobal continues to advance its mission of being a leading provider of sustainable waste-to-energy solutions and regenerative products, aiming to enhance shareholder value while addressing environmental challenges. For more information, visit www.susglobalenergy.com.
MWN-AI** Analysis
**Market Analysis and Advice for SusGlobal Energy Corp. (SNRG)**
SusGlobal Energy Corp. (OTCQB: SNRG) has made significant strides by successfully selling an additional 1,500 Verified Emission Reductions and Removals (VERRs) as part of its Belleville Composting Offset Project. This expansion of its carbon credits market highlights the growing importance of sustainability in the market and reflects a crucial shift towards greener solutions in waste management.
With municipalities increasingly seeking to divert organic waste from landfills and Ontario's forthcoming ban on food and organic waste disposal at waste sites, SusGlobal is well-positioned to capitalize on these regulatory changes. This disposal ban is set to drive investment in resource recovery systems, presenting an abundant opportunity for SusGlobal to enhance its initiatives and expand its operational capabilities.
From a financial perspective, the increased sale of VERRs not only diversifies the revenue streams for SusGlobal but also positions the company to leverage its existing infrastructure for growth. Investors should watch key performance indicators such as revenue from carbon credits, operational efficiency at their composting facility, and new initiatives aimed at technological advancements in waste processing.
Moreover, as the company emphasizes its commitment to the Circular Economy model, long-term investors can gauge potential growth in the environmental sector, particularly in light of escalating global focus on carbon neutrality and climate-conscious business practices.
Valuation models for SusGlobal should incorporate its innovative projects like SusGro™, along with the anticipated surge in demand for sustainable waste-to-energy solutions in response to regulatory frameworks.
In conclusion, maintaining a cautiously optimistic outlook on SusGlobal is advisable. The stock provides both growth potential in an evolving market and the stability that comes from diversifying revenue through environmental initiatives. Investors should continue to monitor developments in regulation, technology, and market adoption of sustainable practices.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
Toronto, Ontario--(Newsfile Corp. - May 21, 2025) - SusGlobal Energy Corp. (OTCQB: SNRG) ("SusGlobal" or the "Company"), an environmental and renewables company, Leaders in The Circular Economy®, today announced that its wholly owned subsidiary SusGlobal Energy Belleville Ltd. ("SusGlobal Belleville") has sold an additional 1,500 Verified Emission Reductions and Removals ("VERRs"), for a total of 59,802 VERRs sold to date as part of the Anew™ SusGlobal Belleville Composting Offset Project in Ontario (the "Project").
The Project and report are listed on the GHG CleanProject® Registry, https://www.csaregistries.ca/GHG_VR_Listing/CleanProjectDetail?ProjectId=909, a business unit of the Standards Division of the Canadian Standards Association ("CSA") for developed and marketed greenhouse gas ("GHG") offset credits from the Company's 49-acre Organic & Non-Hazardous Waste Processing & Composting Facility in Belleville, Ontario. The Project was developed by Anew Climate, LLC ("Anew").
GHG CleanProject® Registry, a business unit of the Standards Division of the CSA, is the service provider which owns and operates the Registry for the purpose of complementing ISO 14064-1, ISO 14064-2, ISO 14064-3, and ISO 14065 Standards and facilitating transparency, accuracy, consistency, completeness and relevance in reporting, validating and verifying of greenhouse gas emission reductions or removal enhancements relating to methodologies and existing and yet-to-be developed greenhouse gas programmes.
The VERRs are greenhouse gas emission reductions or removals relating to the Project as verified by an independent third party in accordance with the ISO 14064 Standards and all applicable GHG programme requirements. Without limiting the foregoing, VERRs also encompass such verified project-based environmental products as they occur and are known in specific GHG programmes including GHG credits, registered emission reductions, carbon credits, certificates, credits, offsets and similar environmental products.
"We are pleased with the continued amounts that Anew has marketed and sold as part of our Company's carbon credits monetization initiative, allowing us to generate revenues," stated Marc Hazout, Executive Chairman, President and CEO of SusGlobal Energy Corp. "Reflecting the value of these credits in our quarterly and yearend reporting is important as we embark on further initiatives to benefit from environmental attributes of renewables as part of our Circular Economy model, with the goal of maximizing shareholder value."
Municipalities continue to seek out opportunities to divert organic waste from landfills. Composting facilities and the level of sustainability built into their management model will play a key role in this redistribution of waste. The revenue from these types of credits is anticipated to drive technological advancements that will expand composting efforts at facilities throughout North America.
As the province of Ontario develops and implements a food and organic waste disposal ban regulation under the Environmental Protection Act, prohibiting the disposal of food waste and organic waste at waste disposal sites (e.g. landfills, incineration facilities), supports the beneficial use of recovered organic resources. This disposal ban on food and organic waste creates new opportunities for waste reduction, surplus food rescue, and offers new approaches to resource recovery creating value at all levels of the value chain. A disposal ban will drive investment in resource recovery systems, create jobs and support innovation in the province, significantly reducing reliance on landfills, benefiting SusGlobal's infrastructure, assets, licenses, and capabilities to produce lower carbon options at existing facilities.
About SusGlobal Energy Corp.
SusGlobal Energy Corp., the developer of SusGro™, an award winning and revolutionary pathogen free organic liquid fertilizer, is an environmental and renewables company focused on acquiring, developing, and monetizing a portfolio of proprietary technologies in the waste to energy and regenerative product applications globally. It is management's objective to grow SusGlobal into a significant sustainable waste to energy and regenerative products provider and a trusted brand for the fertilizer, soil and aquaculture market, as LEADERS IN THE CIRCULAR ECONOMY®.
For more information, please visit the Company's website at: www.susglobalenergy.com.
Follow SusGlobal on our social media channels: Facebook | Twitter | LinkedIn | Instagram
Safe Harbor Statement
This news release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the Company's objectives. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "aims," "potential," "goal," "objective," "prospective," and similar expressions, or that events or conditions "will," "would," "may," "can," "could" or "should" occur. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward-looking statements as a result of various factors, including, but not limited to, lack of sufficient financial resources; variations in market conditions, currency and our stock; the Company's ability to obtain any necessary permits, approvals, consents or authorizations required for its activities; the Company's ability to produce energy, biogas, compost or organic fertilizer from its properties successfully or profitably, to continue its projected growth, or to be fully able to implement its business strategies and other risk factors described in the Company's filings with the U.S. Securities and Exchange Commission, which may be viewed at www.sec.gov.
Contact
SusGlobal Energy Corp.
Marc Hazout, President and CEO
(416) 223-8500 or Toll Free: 1-866-512-7374
Email: info@susglobalenergy.com
SOURCE: SusGlobal Energy Corp.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/252859
FAQ**
How does SusGlobal Energy Corp SNRG plan to expand its composting offset project in Belleville, Ontario, to meet the growing demand for greenhouse gas emission reductions?
What role does the new disposal ban on food and organic waste in Ontario play in increasing opportunities for companies like SusGlobal Energy Corp SNRG to enhance their waste management solutions?
Can you elaborate on the technological advancements that SusGlobal Energy Corp SNRG anticipates will be driven by revenue from carbon credits in the waste-to-energy sector?
How does SusGlobal Energy Corp SNRG ensure compliance with ISO 14064 Standards in its GHG emissions reporting to maintain investor confidence and transparency?
**MWN-AI FAQ is based on asking OpenAI questions about SusGlobal Energy Corp (OTC: SNRG).
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