BC composter acquires Canadian RNG producer
EverGen Infrastructure, a Vancouver-based recycler of organic waste, said April 22 it had acquired Fraser Valley Biogas, western Canada’s first producer of renewable natural gas (RNG).
Fraser Valley Biogas has been operating since 2011 in BC’s Lower Mainland and was the first to supply RNG to BC utility FortisBC for injection into its local distribution system. It currently produces about 90,000 GJ/yr of RNG, using agricultural waste from local dairy farms, but EverGen intends to increase that capacity to 125,000 GJ/yr.
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EverGen said it has identified an infrastructure gap in Canada’s “fragmented” RNG sector, and wants to fill that gap. The acquisition of Fraser Valley Biogas “opens the door to operational synergies” with EverGen’s existing assets, Net Zero Waste Abbotsford and Sea to Sky Soils in Pemberton, both of which now accept municipal waste and recycle it into soil amendments and compost.
“There is a significant gap in renewable infrastructure across Canada, and EverGen’s aim is to remedy that,” CEO Chase Edgelow said. “Our acquisition of Fraser Valley Biogas is consistent with our focus on acquiring and building-out RNG and sustainable waste-to-energy projects.”
In March, EverGen said it had raised C$17mn (US$13.6mn) “specifically to address” the RNG infrastructure gap. It did not reveal the cost of the Fraser Valley Biogas acquisition.