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EverGen Infrastructure Corp.
(TSX.V: EVGN) (OTCQB: EVGIF)


EverGen Infrastructure Corp. (TSX.V: EVGN) (OTCQB: EVGIF) is developing Canada’s Renewable Natural Gas Infrastructure Platform, starting on the west coast in British Columbia. The company is combating climate change and helping communities contribute to a sustainable future by acquiring, developing, building, owning and operating a portfolio of renewable natural gas (RNG), waste-to-energy, and related infrastructure projects.

While EverGen is currently focused on British Columbia, its continued growth is expected across other regions of North America. RNG is produced differently than conventional natural gas, without drilling wells. RNG is derived from biogas, which is captured from decomposing organic waste in landfills, food waste, agricultural waste matter and wastewater from treatment facilities. This waste feedstock is supplied to an anaerobic digester which contains bacteria that breaks down organic matter in the absence of oxygen. The resulting biogas is captured and cleaned to create carbon neutral or carbon negative RNG to be used by the existing North American gas pipeline grid. By capturing these emissions and transforming them into RNG, then combusting into CO2, the overall greenhouse gases (GHG) impact is materially less potent than allowing natural decomposition to release methane into the atmosphere. Liquid and solid digestate matter is a byproduct of the RNG production process and is used as fertilizer and in other applications.

EverGen operates three projects in British Columbia. The company was incorporated in 2020 and went public in 2021, with its common shares listed on the TSX Venture Exchange under ticker symbol ‘EVGN’. In February 2022, EverGen’s common shares began trading on the OTCQB Venture Market in the U.S. under ticker symbol ‘EVGIF’. The company is headquartered in Vancouver.

Investment Considerations
  • EverGen forecasts EBITDA growth from about C$3 million in 2021 to more than C$12 million in the next 12 months from expansion of core operating assets.
  • EverGen stock began trading in the U.S. on the OTCQB Venture Market under ticker symbol ‘EVGIF’ on February 15, 2022.
  • EverGen has low-risk long term contracted or reoccurring revenue (similar to Large Cap Independent Power Producers), with two revenue sources via RNG sales and organic waste tip-fee contracts providing a high margin business with EBITDA margins of 50-60%.
  • In its most recent reporting, the company reported gross profit of C$1.58 million on revenue of C$1.95 million for the quarter ended September 30, 2021.
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EverGen (TSX.V: EVGN) (OTCQB: EVGIF), a leading Canadian renewable energy company and Canada’s renewable natural gas (“RNG”) infrastructure platform, is set to be a key beneficiary of a trend that has seen an ever-increasing number of companies adopting RNG as a core energy feedstock. As Canada’s historically fossil-fuel-dependent industrial sector gradually begins to embark on a transition toward renewable energy sources to both reduce their carbon footprint whilst simultaneously shielding their bottom-line from ever-increasing carbon taxes, “EverGen is seeking to provide them with the sustainable infrastructure needed to fuel that change,” reads a recent article. “EverGen has sought to cater to the growing demand for renewable natural gas, aggressively growing its supply capabilities in recent years. In addition to the company’s ownership of Fraser Valley Biogas, Western Canada’s first RNG facility, which has been in continuous operation since 2011, EverGen also manages two composting and organic processing facilities, which seek to combine anaerobic digesting and biogas upgrading technologies to produce RNG from the manure generated by local dairy farms. More recently, EverGen Infrastructure revealed the company had purchased a 50% stake in a portfolio of renewable natural gas development projects in Ontario, Canada from Northeast Renewables.”

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