Flush With Cash and Expanding, EverGen Infrastructure Corp. (TSX.V: EVGN) (OTCQX: EVGIF) Building Momentum as RNG Popularity Grows
Dec 1, 2022
- RNG currently comprises only 0.3% of the North American natural gas distribution network, with expectations for 5% penetration in the next 5 years
- EverGen Infrastructure is a first mover in the market, with established projects, RNG sales, and expansion ongoing throughout Canada.
- EverGen recently released Q3 results, a quarter that featured steady revenue, acquisition of majority stake in GrowTEC, fully funded on-time and on-budget construction, and CDN$12.8 million post capex spend
Renewable natural gas (“RNG”) is a niche market that is expected to transition into a mainstream replacement for conventional natural gas in response to demand for sustainable fuels and a minimalized carbon footprint. Converting waste into worth, EverGen Infrastructure (TSX.V: EVGN) (OTCQX: EVGIF) just posted another solid quarter as it emerges as a leader in the Canadian RNG space.
RNG is an infinite drop-in for liquid natural gas (“LNG”) without the need for any drilling. RNG is produced from biogas, which comes from decomposing organic waste collected at landfills, agricultural operations, and wastewater treatment facilities. EverGen’s process involves inputting feedstock, such as…
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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