EverGen Infrastructure Announces New 20-Year Offtake Agreement with FortisBC Energy Inc. Now in Effect

Core Viewpoint - EverGen Infrastructure Corp. has entered into a 20-year Biomethane Purchase Agreement with FortisBC Energy Inc. for the purchase of Renewable Natural Gas produced at its Fraser Valley Biogas facility, marking a significant step in supporting renewable energy initiatives and reducing greenhouse gas emissions [1][2]. Group 1: Agreement Details - The Biomethane Purchase Agreement (BPA) allows FortisBC to purchase Renewable Natural Gas (RNG) from Fraser Valley Biogas Ltd. (FVB) for integration into its natural gas system, which will help reduce reliance on conventional natural gas and lower greenhouse gas emissions [2][3]. - This agreement provides EverGen with a long-term, contracted revenue stream and supports FortisBC's commitment to a renewable and lower carbon gas supply [2][3]. Group 2: Company Background - Fraser Valley Biogas, a wholly owned subsidiary of EverGen, is recognized as the original RNG project in Western Canada and the first to inject RNG into FortisBC's network, utilizing anaerobic digestion and biogas upgrading processes [4]. - The facility not only produces RNG but also generates organic liquid fertilizer from agricultural waste, contributing to sustainable farming practices in the region [4]. Group 3: Company Mission and Growth - EverGen Infrastructure Corp. is positioned as Canada's Renewable Natural Gas Infrastructure Platform, focusing on combating climate change and promoting sustainable energy solutions [5]. - The company is an independent renewable energy producer with plans for continued growth across North America, emphasizing the development and operation of renewable energy projects [5].