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Update: EverGen Infrastructure Gains 5.2% as it Hits Record RNG Production at Fraser Valley Biogas in June
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Update: EverGen Infrastructure Gains 5.2% as it Hits Record RNG Production at Fraser Valley Biogas in June
Jul 4, 2024 8:57 AM

11:38 AM EDT, 07/04/2024 (MT Newswires) -- EverGen Infrastructure ( EVGIF ) on Wednesday said it achieved new record single-day and monthly production of renewable natural gas (RNG) at the Fraser Valley Biogas facility in June.

The company hit a daily production record of 530 gigaojoules (GJs) and a monthly production record of 10,758 GJs.

EverGen has also commissioned additional feedstock processing equipment, allowing the facility to accept an increased range of feedstock.

"With the previously announced 20-year offtake and feedstock agreements now in place, we look forward to continuing to deliver increased volumes to FortisBC," said EverGen chief executive Mischa Zajtmann.

Fraser Valley Biogas is the original producing RNG project in Western Canada and the first project to inject RNG into FortisBC's network, which is part of the North American natural gas infrastructure network.

The facility combines anaerobic digestion and biogas upgrading to produce RNG, including converting agricultural waste from local dairy farms. It also produces an organic liquid fertilizer that is used by surrounding farms to displace synthetic fertilizers.

EverGen shares were last seen up $0.11 to $2.21 on the TSX Venture Exchange.

Price: 2.21, Change: +0.11, Percent Change: +5.24

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