In Canada, EverGen Infrastructure Corporation has announced the execution of a 20-year offtake agreement with FortisBC Energy Inc (FortisBC) through its wholly owned subsidiary Fraser Valley Biogas Ltd (FVB), subject to acceptance by the British Columbia Utilities Commission (BCUC).
Under the terms of the agreement, FortisBC will purchase biomethane aka renewable natural gas (RNG) from FVB for injection into its natural gas system.
This agreement ensures a stable and predictable supply of RNG for FortisBC while providing EverGen with a dependable customer and long-term revenue stream.
The execution of this agreement has further solidified EverGen’s long-standing relationship with FortisBC. We would like to thank FortisBC for their continued support as a valued stakeholder of the EverGen platform, said Mischa Zajtmann, CEO at EverGen.
First FortisBC gas-to-grid
Fraser Valley Biogas (FVB), a wholly owned subsidiary of EverGen, is the original RNG project in Western Canada and the first to inject RNG into FortisBC’s network, part of the North American natural gas infrastructure network.
The facility combines anaerobic digestion (AD) and biogas upgrading to produce RNG, including converting agricultural waste from local dairy farms.
The organic liquid fertilizer generated by FVB is used by surrounding farms to displace synthetic fertilizers.
We are pleased to continue our relationship with EverGen and Fraser Valley Biogas, one of our very first RNG suppliers. By continuing to increase our RNG supply, we are helping to reduce greenhouse gas emissions and supporting our vision to have around 75 percent of the gas in our system be renewable and low-carbon by 2050, said David Bennett, Director of Renewable Gas and Low-carbon Fuels at FortisBC.
Long-term feedstock supply secured
EverGen has also secured a long-term feedstock supply agreement with a waste disposal consolidator in the region.
The feedstock secured represents greater than 50 percent of the off-farm waste required to achieve nameplate capacity.
Securing this long-term energy-rich waste, along with our previously secured feedstock streams, ensures input security for the FVB project. With both offtake and feedstock agreements in place on a long-term basis, EverGen has significantly de-risked the FVB project, ended Mischa Zajtmann.
