EverGen Infrastructure Corp. (TSX.V: EVGN) (OTCQX: EVGIF) Expands Canadian RNG Projects, Achieves Key Milestones
Sep 20, 2022
- Traditional natural gas extraction pollutes air, contaminates water, disturbs landscape
- Renewable natural gas is derived from organic sources, compatible with existing traditional natural gas pipeline grid
- EverGen operates projects in British Columbia and Alberta, recently acquired 50 percent stake in Ontario-based Project Radius located in Eastern Canada
- Company recently signed $31 million senior term loan to help fund RNG facility upgrades and expand projects
Traditional pipeline natural gas is extracted by vertical or horizontal drilling, and hydraulic fracturing. Well-drilling activities pollute the air, disturb lands, and contaminate water, while hydraulic fracturing – widely referred to as “fracking” – has similar consequences in addition to causing earthquakes (https://ibn.fm/ldZri).
In contrast, renewable natural gas (“RNG”) is derived from organic sources while still being compatible with North America’s existing gas pipeline grid. EverGen Infrastructure (TSX.V: EVGN) (OTCQX: EVGIF) is leading the movement in Canada by acquiring, developing, building, and operating a portfolio of…
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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