- Chase Edgelow and the EverGen Infrastructure team has sought to cater to the rapidly rising demand for carbon-free energy sources through a focus on renewable natural gas (“RNG”)
- Current forecasts suggest that as much as 10% of North America’s natural gas demand could be satisfied by RNG in the coming future
- EverGen is planning to expand their production footprint, recently signing a letter of intent to acquire a stake in an agricultural project in Alberta wherein biodegradable waste will be converted into RNG and sold to FortisBC
- RNG proponents increasingly believe that the fuel source could eventually play a role in targeting two of society’s most pressing issues – the world’s growing waste production as well as its mission to achieve a carbon neutral future
The world produces over 2.12 billion tons of waste per annum; To put that figure into perspective, if all the waste was put on trucks, it would circle around the world 24 times (https://ibn.fm/UJnsY). For Chase Edgelow, that is an opportunity. The CEO and Founder of British Columbia-based EverGen Infrastructure (TSX.V: EVGN) (OTCQB: EVGIF) is creating a cutting edge renewable energy company, focused around converting organic waste into renewable natural gas (“RNG”), a non-fossil fuel form of natural gas. With governments the world over pledging to pursue a carbon neutral future in the coming years, RNG stands to play a significant role in the decarbonization of North America’s gas supply going forward. Forecasts suggest that as much as 10% of the continent’s natural gas demand could be satisfied by RNG in the not-too-distant future. Nowhere is that phenomenon more evident than within the utilities sector.
Canada’s Enbridge Gas Inc, North America’s largest natural gas utility by volume, has already begun to work towards this goal, recently announcing a partnership to design and build eight new RNG project sites across the…
NOTE TO INVESTORS: The latest news and updates relating to EVGIF are available in the company’s newsroom at https://ibn.fm/EVGIF
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