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    Canada's Fraser Valley Biogas RNG expansion project expects completion by Q3 2023

    July 3, 2023
    Facility's expected production capacity will double to about 160,000 GJ of RNG per year with a new RNG upgrader
    Image credit EverGen
    Evergen 64a2c3afea7cf

    Under a $31 million syndicated senior term loan from Roynat Capital and Export Development Canada (EDC), Canada's EverGen Infrastructure has utilized $15 million as a portion of the loan to fund its Fraser Valley Biogas core RNG expansion project.

    “We prudently structure the financing behind each of our projects to allow for flexibility and to maximize returns for our shareholders," said Chase Edgelow, CEO of EverGen.

    The project's construction started in Q3 2022 with installation of an additional anaerobic digestor and improvements to the feedstock processing system. Another installation of a new RNG upgrader will double the expected production capacity of the facility to approximately 160,000 GJ of RNG per year. 

    While the project is 75 percent completed, EverGen expects it to be completed by Q3 2023.

    Increased RNG output from second half of 2023 and improved RNG prices with a planned offtake agreement will enhance EverGen's EBITDA significantly. The project is in line with the budget with costs incurred and purchase orders issued to date for approximately 75 percent of the $11-12 million required for this project.

    “EDC welcomes the opportunity to participate in EverGen’s growth and supports the Company as they expand their renewable energy infrastructure in Canada, paving the way for EverGen’s future international growth” said Guillermo Freire, Senior Vice-President at EDC.

    About the Author

    EnergyTech Staff

    Rod Walton is senior editor for EnergyTech.com. He has spent 14 years covering the energy industry as a newspaper and trade journalist.

    Walton formerly was energy writer and business editor at the Tulsa World. Later, he spent six years covering the electricity power sector for Pennwell and Clarion Events. He joined Endeavor and EnergyTech in November 2021.

    He can be reached at [email protected]. 

    EnergyTech is focused on the mission critical and large-scale energy users and their sustainability and resiliency goals. These include the commercial and industrial sectors, as well as the military, universities, data centers and microgrids.

    Many large-scale energy users such as Fortune 500 companies, and mission-critical users such as military bases, universities, healthcare facilities, public safety and data centers, shifting their energy priorities to reach net-zero carbon goals within the coming decades. These include plans for renewable energy power purchase agreements, but also on-site resiliency projects such as microgrids, combined heat and power, rooftop solar, energy storage, digitalization and building efficiency upgrades.