EverGen Infrastructure Corp. (TSE:EVGN) has released an update.
EverGen Infrastructure Corp. has entered into a 20-year Renewable Natural Gas (RNG) offtake agreement with FortisBC, securing the purchase of up to 160,000 GJs annually, providing EverGen with a stable revenue source. Additionally, EverGen has locked in a significant feedstock supply, ensuring over half of the necessary input for its Fraser Valley Biogas facility, thus greatly reducing project risks. These strategic moves support FortisBC’s goal to transform around 75% of its gas system to renewable and low-carbon by 2050.
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