EverGen Infrastructure Announces Award of 5-Year Compostable Waste Processing Agreement

Source: www.gulfoilandgas.com 11/28/2023, Location: North America

EverGen Infrastructure Corp. (“EverGen” or the “Company”) (TSXV: EVGN) (OTCQX: EVGIF), is pleased to announce that it has been awarded a new 5-year agreement with the City of Abbotsford (the “City”) to process all of the City’s organic waste pursuant to its curbside collection program, which is expected to be 16,000 tonnes annually, at EverGen’s Pacific Coast Renewables (“PCR”) facility.

This renewed agreement and continued partnership signifies the City of Abbotsford’s confidence in EverGen’s waste management capabilities. The facility continues to process all the organic waste from the City of Abbotsford, as well as the Cities of Chilliwack and Coquitlam, making it one of the few permitted organics processing facilities in the region..

“We are excited to continue our partnership with the City of Abbotsford in managing their organic waste. With our recently completed composting upgrades at the Pacific Coast Renewables facility we have established a state-of-the-art central processing hub for the region,” said Mischa Zajtmann, CEO & President of EverGen. “With the support of the City, this contract will supply the valuable feedstock for a future RNG processing facility at PCR.”.

Upgrades at Pacific Coast Renewables.

Major upgrades at Pacific Coast Renewables, which supported the award of the 5-year agreement with the City, have been completed and include a new aerated flooring system, advanced automation and improvements to compost blowers, upgraded temperature monitoring equipment, and the construction of stormwater diversion infrastructure. These advancements underscore EverGen’s dedication to responsible waste management and environmental protection..

Compost Marketing Agreement.

A strategic compost marketing agreement has been executed with a third-party vendor to manage the distribution of all soil produced at Pacific Coast Renewables. This partnership streamlines logistical operations at the facility and is expected to result in significant cost reductions through reduced marketing expenses and an expected 90% reduction in disposal costs associated with by-products of the composting process, with the potential to convert a once significant cost for the Pacific Coast Renewables facility into an additional revenue stream.


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