EverGen Infrastructure Corp. (EVGIF) Featured in Syndicated Broadcast Covering Acquisition of 50% Interest in Project Radius, a Portfolio of RNG Projects in Ontario
Jun 22nd, 2022
EverGen Infrastructure Corp. (TSX.V: EVGN) (OTCQB: EVGIF), Canada’s renewable natural gas (“RNG”) infrastructure platform, today announces that it has been featured in a broadcast via NetworkNewsAudio (“NNA”), a solution that delivers additional visibility, recognition and brand awareness in the investment community via distribution to thousands of syndication points. The audio news release covers EverGen’s recent announcement of its entry into definitive agreements with Northeast Renewables LP (“Northeast”) to acquire a 50% interest in a portfolio of RNG development projects.
To read the original press release, visit: https://nnw.fm/PRohG
As detailed in the news release, Project Radius, located in southern Ontario, is a late-development-stage portfolio of three high-quality, on-farm RNG projects, collectively capable of producing roughly 1.7 million GJ/year of RNG that will contribute to the reduction of emissions from agricultural operations in southern Ontario. Each of the three projects is expected to produce approximately 550,000 GJ/year and will be constructed throughout 2023 and 2024.
“The acquisition of Project Radius provides a foothold in Ontario - a new and strategic jurisdiction in which EverGen can continue to participate in the consolidation and growth of the RNG industry in the near-term, as well as benefit from project economics in line with or exceeding those we have seen with our initial projects,” Chase Edgelow, CEO of EverGen, stated in the news release. “Working alongside Northeast to advance the projects, EverGen will deliver on our platform expansion commitments with the potential to exceed 1,000,000 GJ of RNG production annually. Ontario has an abundant amount of excess organic feedstock, and as a leader in the RNG industry, EverGen can develop the sustainable infrastructure that contributes to carbon-negative energy production and the greening of the province.”