SusGlobal(R) Announces Additional Sales of Carbon Credits and VERRs Generated from Its Belleville Composting Offset Project
SusGlobal Energy Corp. (OTCQB: SNRG) announced that its subsidiary SusGlobal Energy Belleville has sold an additional 16,000 Verified Emission Reductions and Removals (VERRs), bringing the total to 58,302 VERRs sold to date from its Belleville Composting Offset Project in Ontario. The project, developed by Anew Climate, , is listed on the GHG CleanProject Registry and operates at the company's 49-acre Organic & Non-Hazardous Waste Processing & Composting Facility. The VERRs represent verified greenhouse gas emission reductions, generating additional revenue streams for the company as part of its carbon credits monetization initiative.
SusGlobal Energy Corp. (OTCQB: SNRG) ha annunciato che la sua controllata SusGlobal Energy Belleville ha venduto ulteriori 16.000 Riduzioni e Rimozioni di Emissioni Verificate (VERR), portando il totale a 58.302 VERR venduti fino ad oggi dal suo Progetto di Offset Compostaggio di Belleville in Ontario. Il progetto, sviluppato da Anew Climate, è registrato nel GHG CleanProject Registry e opera presso il impianto di Elaborazione e Compostaggio di Rifiuti Organici e Non Pericolosi di 49 acri dell'azienda. Le VERR rappresentano riduzioni di emissioni di gas serra verificate, generando ulteriori flussi di reddito per l'azienda come parte della sua iniziativa di monetizzazione dei crediti di carbonio.
SusGlobal Energy Corp. (OTCQB: SNRG) anunció que su subsidiaria SusGlobal Energy Belleville ha vendido 16,000 Reducciones y Remociones de Emisiones Verificadas (VERR) adicionales, llevando el total a 58,302 VERR vendidas hasta la fecha de su Proyecto de Offset de Compostaje en Belleville, Ontario. El proyecto, desarrollado por Anew Climate, está listado en el Registro GHG CleanProject y opera en la instalación de Procesamiento y Compostaje de Desechos Orgánicos y No Peligrosos de 49 acres de la compañía. Las VERR representan reducciones verificadas de emisiones de gases de efecto invernadero, generando flujos adicionales de ingresos para la empresa como parte de su iniciativa de monetización de créditos de carbono.
SusGlobal Energy Corp. (OTCQB: SNRG)는 자회사인 SusGlobal Energy Belleville이 추가로 16,000개의 검증된 배출 감소 및 제거(VERR)를 판매했으며, 현재까지 벨빌의 퇴비화 오프셋 프로젝트에서 총 58,302 VERR가 판매되었다고 발표했습니다. 이 프로젝트는 Anew Climate에 의해 개발되었으며, GHG CleanProject Registry에 등록되어 있고 회사의 49에이커 규모의 유기물 및 비위험 폐기물 처리 및 퇴비화 시설에서 운영되고 있습니다. VERR는 검증된 온실가스 배출 감소를 나타내며, 회사의 탄소 배출권 수익화 이니셔티브의 일환으로 추가적인 수익원을 생성합니다.
SusGlobal Energy Corp. (OTCQB: SNRG) a annoncé que sa filiale SusGlobal Energy Belleville a vendu 16 000 Réductions et Éliminations d'Émissions Vérifiées (VERR) supplémentaires, portant le total à 58 302 VERR vendues à ce jour dans le cadre de son Projet de Compostage à Belleville en Ontario. Le projet, développé par Anew Climate, est inscrit au registre GHG CleanProject et fonctionne dans l'installation de traitement et de compostage de déchets organiques et non dangereux de 49 acres de l'entreprise. Les VERR représentent des réductions d'émissions de gaz à effet de serre vérifiées, générant des flux de revenus supplémentaires pour l'entreprise dans le cadre de son initiative de monétisation des crédits carbone.
SusGlobal Energy Corp. (OTCQB: SNRG) gab bekannt, dass ihre Tochtergesellschaft SusGlobal Energy Belleville weitere 16.000 Verifiziert Emissionsreduktionen und -entfernungen (VERRs) verkauft hat, was die Gesamtzahl auf 58.302 VERRs erhöht, die bis heute aus ihrem Belleville-Kompostierungsoffsetprojekt in Ontario verkauft wurden. Das Projekt, das von Anew Climate entwickelt wurde, ist im GHG CleanProject Registry gelistet und wird in der 49 Hektar großen Anlage der Firma zur Verarbeitung und Kompostierung von organischen und nicht gefährlichen Abfällen betrieben. Die VERRs stellen verifiziertem Treibhausgasemissionsminderung dar und generieren zusätzliche Einnahmequellen für das Unternehmen im Rahmen seiner Initiative zur Monetarisierung von CO2-Zertifikaten.
- Successfully sold additional 16,000 VERRs, reaching 58,302 total VERRs sold
- Generated new revenue stream through carbon credits monetization
- Well-positioned to benefit from Ontario's upcoming organic waste disposal ban regulation
- Operating infrastructure and licenses in place for organic waste processing
- None.
Toronto, Ontario--(Newsfile Corp. - October 29, 2024) - SusGlobal Energy Corp. (OTCQB: SNRG) ("SusGlobal" or the "Company"), an environmental, agricultural and industrial biotechnology 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 16,000 Verified Emission Reductions and Removals ("VERRs"), for a total of 58,302 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 additional revenues," stated Marc Hazout, Executive Chairman, President and CEO of SusGlobal Energy Corp. "Reflecting the value of these credits in our quarterly and year end 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 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, agricultural and industrial biotechnology 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: susglobalenergy.com
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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/228121
FAQ
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