EverGen Infrastructure completes $2.1 million majority interest in GrowTEC
Mike EdwardsNews acquisition bioenergy EverGen GrowTEC Perry Family farm renewable natural gas RNG
EverGen Infrastructure Corp. of Vancouver, a renewable natural gas (RNG) infrastructure platform, has completed the acquisition of a 67 percent interest worth $2.1 million in Alberta’s Grow the Energy Circle Ltd. (GrowTEC).
GrowTEC, located on the Perry Family farm near Lethbridge, AB, is a multi-faceted bioenergy venture of sustainable agriculture, integrating responsible best practices and renewable energy. At the core of GrowTEC is an operating farm scale biogas facility consisting of an anaerobic digester which has been converting biodegradable waste into biogas and generating renewable power for over seven years.
EverGen and GrowTEC will be completing additions to the facility this year to process the biogas and upgrade it to RNG which will be tied into the local pipeline network. The Project has an offtake agreement with FortisBC and will contribute to FortisBC’s target to have at least 15 percent of its gas supply carbon neutral by 2030.
The Project is currently in Phase 1 of development which is expected to produce 80,000 gigajoules of RNG annually and will be complete by Q4 2022. EverGen will work with the GrowTEC team to commence Phase 2 expansion which is expected to add an additional 60,000 gigajoules of RNG annually for a total of 140,000 gigajoules of RNG production annually from the project.
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