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GrowTEC Awarded $2M from Government of Canada for Phase 2 of Anaerobic Digester Expansion Project

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EverGen Infrastructure Corp. (TSXV: EVGN) (OTCQX: EVGIF) has announced that its operating farm scale biogas facility, Grow the Energy Circle (GrowTEC), has been awarded up to $2 million from Agriculture and Agri-Food Canada (AAFC) for Phase 2 of its anaerobic digester expansion project. This funding will support the significant expansion and optimization of RNG production at the GrowTEC facility.

The expansion will increase the facility's annual production capacity to up to 120,000 gigajoules of RNG. EverGen plans to install preprocessing and depackaging equipment to broaden the range of organic waste the facility can process and enhance the RNG upgrading system. The GrowTEC facility currently holds two long-term offtake agreements: a 20-year contract with FortisBC and a 10-year contract with Irving Oil.

EverGen Infrastructure Corp. (TSXV: EVGN) (OTCQX: EVGIF) ha annunciato che il suo impianto operativo di biogas a scala agricola, Grow the Energy Circle (GrowTEC), è stato premiato con un massimo di $2 milioni da Agricoltura e Agroalimentare Canada (AAFC) per la Fase 2 del suo progetto di espansione del digestore anaerobico. Questo finanziamento supporterà l'espansione e l'ottimizzazione significative della produzione di RNG presso l'impianto GrowTEC.

L'espansione aumenterà la capacità di produzione annuale dell'impianto a fino a 120.000 gigajoule di RNG. EverGen prevede di installare attrezzature per la preelaborazione e lo smaltimento dei rifiuti per ampliare la gamma di rifiuti organici che l'impianto può trattare e migliorare il sistema di aggiornamento del RNG. L'impianto GrowTEC attualmente detiene due contratti di lungo termine: un contratto di 20 anni con FortisBC e un contratto di 10 anni con Irving Oil.

EverGen Infrastructure Corp. (TSXV: EVGN) (OTCQX: EVGIF) ha anunciado que su instalación de biogás a escala agrícola, Grow the Energy Circle (GrowTEC), ha recibido hasta $2 millones de Agricultura y Agroalimentación de Canadá (AAFC) para la Fase 2 de su proyecto de expansión del digestor anaeróbico. Esta financiación apoyará la expansión y optimización significativa de la producción de RNG en la instalación GrowTEC.

La expansión aumentará la capacidad de producción anual de la instalación a hasta 120,000 gigajulios de RNG. EverGen planea instalar equipos de preprocesamiento y desempaquetado para ampliar la variedad de residuos orgánicos que la instalación puede procesar y mejorar el sistema de actualización de RNG. La instalación GrowTEC actualmente tiene dos contratos a largo plazo: un contrato de 20 años con FortisBC y un contrato de 10 años con Irving Oil.

EverGen Infrastructure Corp. (TSXV: EVGN) (OTCQX: EVGIF)는 운영 농장 규모의 바이오가스 시설인 Grow the Energy Circle (GrowTEC)이 캐나다 농업 및 농산물부(AAFC)로부터 200만 달러 지원을 받았다고 발표했습니다. 이는 혐기성 분해기 확장 프로젝트의 2단계 작업을 위해 사용됩니다. 이 자금 지원은 GrowTEC 시설에서 RNG 생산의 중요한 확장 및 최적화를 지원할 것입니다.

확장을 통해 시설의 연간 생산 능력이 최대 120,000 기가줄의 RNG로 증가합니다. EverGen은 시설이 처리할 수 있는 유기 폐기물의 범위를 넓히고 RNG 업그레이드 시스템을 개선하기 위해 전처리 및 포장 해제 장비를 설치할 계획입니다. GrowTEC 시설에는 현재 두 개의 장기 계약이 있습니다: FortisBC와의 20년 계약Irving Oil과의 10년 계약.

EverGen Infrastructure Corp. (TSXV: EVGN) (OTCQX: EVGIF) a annoncé que sa ferme opérationnelle de biogaz à l'échelle agricole, Grow the Energy Circle (GrowTEC), a reçu jusqu'à 2 millions de dollars de la part d'Agriculture et Agroalimentaire Canada (AAFC) pour la phase 2 de son projet d'expansion du digesteur anaérobie. Ce financement soutiendra l'expansion et l'optimisation significatives de la production de RNG à l'installation GrowTEC.

L'extension augmentera la capacité de production annuelle de l'installation à jusqu'à 120 000 gigajoules de RNG. EverGen prévoit d'installer des équipements de prétraitement et de déballage pour élargir la gamme de déchets organiques que l'installation peut traiter et améliorer le système de mise à niveau du RNG. L'installation GrowTEC détient actuellement deux contrats à long terme : un contrat de 20 ans avec FortisBC et un contrat de 10 ans avec Irving Oil.

EverGen Infrastructure Corp. (TSXV: EVGN) (OTCQX: EVGIF) hat angekündigt, dass seine betriebliche Biogas-Anlage im Maßstab einer landwirtschaftlichen Farm, Grow the Energy Circle (GrowTEC), bis zu 2 Millionen US-Dollar von Landwirtschaft und Agrarlebensmitteln Kanada (AAFC) für die Phase 2 seines Projekts zur Erweiterung des anaeroben Vergärers erhalten hat. Diese Finanzierung wird die bedeutende Erweiterung und Optimierung der RNG-Produktion in der GrowTEC-Anlage unterstützen.

Die Erweiterung wird die jährliche Produktionskapazität der Anlage auf bis zu 120.000 Gigajoule von RNG erhöhen. EverGen plant, Vorverarbeitungs- und Entpackungsausrüstung zu installieren, um die Palette von organischen Abfällen zu erweitern, die die Anlage verarbeiten kann, und das RNG-Verbesserungssystem zu optimieren. Die GrowTEC-Anlage hat derzeit zwei langfristige Abnahmeverträge: einen 20-jährigen Vertrag mit FortisBC und einen 10-jährigen Vertrag mit Irving Oil.

Positive
  • Received $2 million government funding for expansion project
  • Planned increase in RNG production capacity to 120,000 gigajoules annually
  • Expansion of feedstock processing capabilities
  • Two long-term offtake agreements in place (20-year with FortisBC, 10-year with Irving Oil)
Negative
  • None.

VANCOUVER, British Columbia--(BUSINESS WIRE)-- EverGen Infrastructure Corp. (“EverGen” or the “Company”) (TSXV: EVGN) (OTCQX: EVGIF), is pleased to announce that Grow the Energy Circle Ltd. (GrowTEC), an operating farm scale biogas facility, has received up to $2-million from Agriculture and Agri-Food Canada (AAFC) to support the development of Phase 2 of its anaerobic digester expansion project. This funding will enable the GrowTEC facility to significantly expand and optimize RNG production, allowing for the processing of additional feedstocks and increased RNG production capacity.

Phase 2 will increase the production capacity of the facility to up to 120,000 gigajoules (“GJ”), annually. To achieve this, EverGen will address current bottlenecks through the installation of preprocessing and depackaging equipment, to broaden the range of organic waste the facility can process, and a planned enhancement to the RNG upgrading system.

"We appreciate the support from AAFC, which will allow us to significantly increase our RNG production and improve the efficiency of our GrowTEC operations," said Mischa Zajtmann, CEO of EverGen Infrastructure. "By addressing key bottlenecks and expanding our feedstock capabilities, we are now positioned and well-equipped to replicate the success of our Fraser Valley Biogas expansion project."

The GrowTEC facility currently holds two long-term offtake agreements: a 20-year contract with FortisBC and a 10-year contract with Irving Oil.

About GrowTEC

Grow the Energy Circle Ltd. (“GrowTEC”), located in Lethbridge, Alberta, is a multi-faceted bioenergy venture of sustainable agriculture, integrating responsible best practices and renewable energy.

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 which acquires, develops, builds, owns and operates a portfolio of RNG, 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 Infrastructure Corp. and our projects, please visit www.evergeninfra.com.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

EverGen Infrastructure Corp.

Co-founder & CEO

Mischa Zajtmann

604-202-7004

mischa@evergeninfra.com

Source: EverGen Infrastructure Corp.

FAQ

What is the purpose of the $2 million funding awarded to GrowTEC for EVGIF?

The $2 million funding from Agriculture and Agri-Food Canada is to support Phase 2 of GrowTEC's anaerobic digester expansion project, which will significantly expand and optimize RNG production at the facility.

How much will GrowTEC's RNG production capacity increase after the expansion for EVGIF?

After the Phase 2 expansion, GrowTEC's RNG production capacity is expected to increase to up to 120,000 gigajoules annually.

What improvements will be made to the GrowTEC facility as part of the expansion for EVGIF?

The expansion includes installing preprocessing and depackaging equipment to broaden the range of organic waste the facility can process, and enhancing the RNG upgrading system to address current bottlenecks.

What long-term offtake agreements does GrowTEC currently have in place for EVGIF?

GrowTEC currently has two long-term offtake agreements: a 20-year contract with FortisBC and a 10-year contract with Irving Oil.

EVERGEN INFRASTRUCTURE CP

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