- As a natural byproduct of landfills and animal waste, RNG presents a powerful tool for reducing environmental impact: it helps curb carbon emissions, diverts organic waste from landfills and has the potential to revolutionize transportation
- Committed to accelerating the shift of the grid to renewable natural gas (“RNG”), EverGen Infrastructure acquires, develops and manages RNG systems that aim to bring sustainable energy from organic waste into the North American gas grid
- EverGen deploys a growth strategy that is based on a combination of regional expansion that replicates the company’s business model regionally and cross-sector expansion whereby EverGen seeks to capitalize on new renewable opportunities arising in complementary markets like new waste-to-energy and hydrogen infrastructure
With its multidimensional benefits, including the potential to reduce greenhouse gas emissions, reuse waste materials, and power transportation, Renewable Natural Gas (“RNG”) is making headlines in the sustainability space, emerging as a promising solution for tackling the growing environmental challenges. EverGen Infrastructure (TSX.V: EVGN) (OTCQX: EVGIF), an innovative Canadian developer of the RNG infrastructure platform, works to leverage this clean fuel that 1`boasts multiple positive impacts on the environment.
As a clean, low-carbon fuel derived by collecting biogas from organic waste like animal manure, wastewater and food scraps, it is a compelling solution that can reduce the emission of methane into the atmosphere – a potent greenhouse gas that has more than 25 times the impact of carbon dioxide. Initially, biogas has a methane content between 45% and 65%. It goes through a process that includes removing impurities such as water vapor, carbon dioxide, and trace-level contaminants before it gets converted into RNG (https://nnw.fm/97zH2). After these steps, biogas has more than 90% methane content. Usually, when RNG is streamed into a gas pipeline, it contains between 96% and 98% of methane (https://nnw.fm/2vHAe). Producing RNG by using half of the methane emission as a byproduct of decomposing organics can achieve as much as half of the pledged methane emissions reduction by 2030 (https://nnw.fm/yc7zp).
As a promising renewable energy source, it can revolutionize transportation and change its carbon footprint forever. For example, in California, RNG used as a transportation fuel has soared 163% over the past five years as heavy-duty trucks – a significant contributor to transportation-related emissions – are transitioning to operate on RNG in a bid to decarbonize the state and deliver cleaner air. RNG from biomethane sourced from landfills, waste facilities, wastewater and agricultural operations can provide an affordable proposition for achieving sustainable practices in medium- and heavy-duty transportation (https://nnw.fm/sPPwq).
But as a versatile renewable source, the benefits of RNG extend beyond just GHG reduction since it is often viewed as one of the most effective solutions to decarbonize waste. With a production that diverts organic waste from landfills, it also holds promise as a waste recycling technology that enables a circular economy, where products and materials are reused, waste and pollution are minimized, and the environment is regenerated. Finally, in producing RNG from waste, nothing seems to go to waste. Digestate, an additional product of anaerobic digestion, can be used as fertilizer.
Boasting an impressive project portfolio and remarkable industry partnerships, EverGen is working to be the leader in a fast-evolving RNG space. Dedicated to operational excellence, this innovative Canadian company has adopted a platform strategy to develop and operate RNG projects designed to equip the gas grid in North America with reliable renewable infrastructure.
The company has deployed what looks like a carefully designed growth strategy that is based on regional expansion, where EverGen seeks to replicate its model regionally by growing through a robust pipeline of projects and partnerships to leverage synergies. Before expanding to B.C., Alberta, and Ontario, EverGen had been making its presence seen in its home province, British Columbia, where it sought to become the leading RNG supplier. This regional expansion into attractive markets is enhanced with an approach that aims to capitalize on expansion across new renewable opportunities by positioning the company to capture value in complementary emerging markets such as new waste-to-energy and hydrogen infrastructure opportunities.
With renewable sources front and center in the fight against climate change, RNG has emerged as a viable proposition for reducing environmental impact and supporting a circular economy. Moreover, as economies around the world rush to prioritize sustainability, companies like EverGen are set to benefit from expanding markets in terms of geography and new renewable opportunities that arise as the green scene continues to evolve.
For more information, visit the company’s website at www.EverGenInfra.com.
NOTE TO INVESTORS: The latest news and updates relating to EVGIF are available in the company’s newsroom at https://nnw.fm/EVGIF
About NetworkNewsWire
NetworkNewsWire (“NNW”) is a financial news and content distribution company, one of 50+ brands within the InvestorBrandNetwork (“IBN”), that provides: (1) access to a network of wire solutions via InvestorWire to reach all target markets, industries and demographics in the most effective manner possible; (2) article and editorial syndication to 5,000+ news outlets; (3) enhanced press release solutions to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience comprising investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
To receive SMS text alerts from NetworkNewsWire, text “STOCKS” to 77948 (U.S. Mobile Phones Only)
For more information, please visit https://www.networknewswire.com
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
NetworkNewsWire (NNW)waa
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com
NetworkNewsWire is part of the InvestorBrandNetwork
No comments:
Post a Comment