Evergen's RNG offtake with FortisBC now in effect

Executive Summary

• Evergen Infrastructure Corp. announces that its 20-year Biomethane Purchase Agreement (BPA) with FortisBC Energy Inc. is now in effect.
• The agreement involves FortisBC purchasing renewable natural gas (RNG) produced by Evergen’s wholly owned subsidiary, Fraser Valley Biogas Ltd. (FVB), for injection into the natural gas system.
• The deal provides Evergen with a long-term, contracted revenue stream while supporting FortisBC’s renewable and lower-carbon gas supply goals.

Key Details

• Agreement Type: 20-year Biomethane Purchase Agreement (BPA).
• Parties: FortisBC Energy Inc. (Buyer) and Fraser Valley Biogas Ltd. (FVB), a wholly owned subsidiary of Evergen Infrastructure Corp. (Seller).
• Status: The agreement is now in effect.
• Product: Renewable Natural Gas (RNG) produced at the FVB facility via anaerobic digestion and biogas upgrading of agricultural waste from local dairy farms.
• Strategic Value:
  • Provides Evergen with a long-term, contracted revenue stream.
  • Supports FortisBC’s growing renewable and lower-carbon gas supply.
  • Helps reduce the use of conventional natural gas and overall GHG emissions.
• Facility Details: FVB is the original producing RNG project in Western Canada and the first project to inject RNG into FortisBC's network. It also produces an organic liquid fertilizer used by surrounding farms.

Notable Quotes

• Chase Edgelow, Co-founder and CEO of Evergen: "This agreement reflects the strength of our long-standing relationship with FortisBC and reinforces the stability and durability of our RNG platform."
• Nick Bloomfield, Director of Renewable Gas and Low-Carbon Fuels at FortisBC: "Our agreement with Evergen strengthens a long-standing partnership that has helped build British Columbia's renewable and lower-carbon gas system... supports the continued growth of a lower-carbon, more resilient energy system while meeting B.C. climate action goals."