EverGen Infrastructure

What EverGen Infrastructure does

EverGen Infrastructure Corp. is a publicly traded Canadian renewable energy company (TSXV: EVGN, OTC: EVGIF) founded in 2020 and headquartered in Vancouver, British Columbia, that acquires, develops, builds, owns, and operates a portfolio of anaerobic digestion and composting facilities converting organic waste into renewable natural gas (RNG) and sustainable agricultural products. The platform comprises four operating assets: Fraser Valley Biogas (Abbotsford, BC — the first agricultural digester in Canada to produce RNG), GrowTEC (Lethbridge County, Alberta — 67% majority-owned, targeting 140,000 GJ/year of RNG upon expansion), Pacific Coast Renewables (Abbotsford, BC — net-zero compost facility now approved for RNG expansion), and Sea to Sky Soils (Whistler, BC — composting plant operated in partnership with Lil-wat Nation since 2012). The company additionally holds a 50% interest in Project Radius, a late-development-stage portfolio of three Ontario RNG projects with Northeast Renewables LP, collectively capable of producing approximately 1.8 million GJ/year.

The underlying technology relies on anaerobic digestion of manure, food scraps, and other organic feedstock to capture methane emissions and convert them into pipeline-quality RNG, with digestate and compost sold as renewable fertilizer and soil products to local farms. RNG carbon intensity at Fraser Valley Biogas is reported at -51 gCO2e/MJ versus conventional natural gas at 68 gCO2e/MJ, supporting approximately 19,000 tonnes CO2e of annual carbon reduction at that site alone.

EverGen generates revenue through four streams: (1) long-term RNG offtake agreements with utilities such as FortisBC Energy Inc. under a 20-year Biomethane Purchase Agreement; (2) tipping fees from municipal and commercial waste generators (e.g., 10-year City of Regina contract processing up to 24,000 tonnes annually, 5-year City of Abbotsford agreement); (3) carbon credit sales generated through negative-carbon-intensity RNG production; and (4) compost and digestate product sales. Over $80 million has been invested into the platform, with cumulative capital raises including a $31 million Roynat/EDC senior term loan (January 2023), $10.5 million from Natural Resources Canada's Clean Fuels Fund (June 2023), a $7 million BDC term loan (September 2023), a $2 million Government of Canada grant (October 2024), an up-to-CAD$7 million private placement with Ask America, LLC (April 2025), and a $13 million asset-level debt facility with Farm Credit Canada plus a $1.9 million private placement (January 2026). Reported revenue was $11.7 million for full-year 2025 (down 17% YoY due to first-nine-month volume softness) with strong sequential recovery in Q4 2025 ($4.2M, +34% YoY) and Q1 2026 ($2.6M, +38% YoY).

Name

EverGen Infrastructure

Legal name

EverGen Infrastructure Corp.

Website

https://evergeninfra.com

Company type

Public

Founded year

2020

Operating status

Operating

Headcount range

11–50 employees

Short description

EverGen Infrastructure Corp. is a Canadian renewable energy company that operates anaerobic digestion and composting facilities converting organic waste into renewable natural gas and soil products, serving municipalities, utilities, and agricultural operations via long-term offtake and feedstock contracts.

Ownership category

akta.pro rank

Product category

Renewable Natural Gas Infrastructure

NAICS

Fertilizer and Compost Manufacturing (32531)

SIC

Refuse Systems (4953), Electric, Gas & Sanitary Services (4900)

akta.pro primary industry

Anaerobic Digestion (AD) & Biogas/RNG Production (Organics Feedstocks) (BPALAEAC)

akta.pro secondary industries

Biogas/RNG Plant Development, EPC & Project Delivery (EUAAAEAH), Biogas/RNG Plant Operations, Maintenance & Asset Management (EUAAAEAI), RNG Offtake, Marketing & Environmental Attributes (RINs/LCFS/Guarantees of Origin) (EUAAAEAG), Digestate Processing, Nutrient Recovery & Fertilizer Products (Struvite, Ammonia, Compost) (EUAAAEAL)

Keywords

• Renewable natural gas
• Anaerobic digestion
• Organic waste processing
• Waste-to-energy infrastructure
• Composting facilities

Headquarters

HQ city

Vancouver

HQ country

Canada

HQ region

North America

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Supply Chain, Technology or R&D

Revenue model

1. RNG Sales (Offtake Agreements): Long-term offtake agreements with utilities such as FortisBC Energy Inc. for the purchase of renewable natural gas produced at EverGen facilities. Provides contracted revenue streams over 20-year terms.
2. Tipping Fees: Fees charged to municipalities and commercial entities for processing organic waste at EverGen facilities. Revenue from waste processing agreements with cities such as Regina and Abbotsford.
3. Carbon Credits: Revenue from carbon credits generated through RNG production, which has negative carbon intensity compared to conventional natural gas.
4. Compost and Soil Products: Sale of nutrient-rich compost and fertilizers produced as byproducts of the anaerobic digestion process, used by local farmers.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels7 records

Core offering

EverGen Infrastructure acquires, develops, builds, owns, and operates a portfolio of anaerobic digestion and composting facilities that convert organic waste (food scraps, manure, agricultural byproducts) into renewable natural gas (RNG) and sustainable agricultural products such as compost and digestate fertilizer. The company sells RNG to natural gas utilities under long-term offtake agreements and charges tipping fees to municipalities and commercial waste suppliers for processing organic waste.

Product overview

EverGen Infrastructure operates a platform of organic waste processing facilities that convert organic waste into renewable natural gas (RNG) and sustainable agricultural products (compost, fertilizers). The company operates five distinct projects: Fraser Valley Biogas (Abbotsford, BC - first Canadian agricultural digester to produce RNG), GrowTEC (Lethbridge County, AB - 67% owned anaerobic digestion facility), Pacific Coast Renewables (Abbotsford, BC - composting facility being converted to RNG), Sea to Sky Soils (Whistler, BC - composting plant in partnership with Lil-wat Nation), and Project Radius (Ontario - three-project development portfolio in 50/50 partnership with Northeast Renewables LP). Revenue streams include long-term offtake agreements with utilities (FortisBC), contracted tipping fees from municipalities and organic waste suppliers, and carbon credit and soil sales.

Differentiator

Problem solved

Functional benefit

Brands

• Fraser Valley Biogas: First agricultural digester to produce renewable natural gas in Canada, located in Abbotsford, BC.
• GrowTEC
• Pacific Coast Renewables
• Sea to Sky Soils
• Project Radius

Products and services

• Fraser Valley Biogas First agricultural anaerobic digester in Canada to produce renewable natural gas. Located in Abbotsford, BC, the facility processes manure and off-farm organic waste to produce RNG injected into FortisBC's natural gas grid and renewable fertilizer (digestate) supplied to local farms.
• GrowTEC (Grow The Energy Circle) State-of-the-art anaerobic digestion facility in Lethbridge County, Alberta. Originally a farm-scale biogas facility, it is now majority-owned (67%) by EverGen and is being expanded to deliver approximately 140,000 gigajoules of RNG annually under a 10-year offtake agreement.
• Pacific Coast Renewables Net zero waste compost facility operating in Abbotsford, BC since 2013. The site processes organic waste from municipalities through composting technology and is being developed into an RNG facility to transform compostable waste into renewable natural gas.
• Sea to Sky Soils Composting plant operating in partnership with Lil-wat Nation since 2012, located in Whistler, BC. The facility produces high-quality soil products by composting food, wood, and yard waste and supplies the Sea to Sky corridor with sustainable organic waste management.
• Project Radius Late-development-stage portfolio of three high-quality, large-scale agricultural waste RNG projects in Ontario, jointly owned 50/50 with Northeast Renewables LP. Collectively capable of producing approximately 1.8 million GJ/year of RNG, with each project expected to produce approximately 600,000 GJ/year.
• Renewable Natural Gas (RNG) Sales Sale of pipeline-quality renewable natural gas produced at EverGen's anaerobic digestion facilities to natural gas utilities such as FortisBC Energy Inc. under long-term offtake agreements, including a 20-year Biomethane Purchase Agreement.
• Organic Waste Processing Services Tipping-fee-based organic waste processing services for municipalities (e.g., 10-year City of Regina contract for up to 24,000 tonnes/year; 5-year City of Abbotsford compostable waste agreement) and commercial waste suppliers at EverGen's network of facilities.
• Compost and Digestate Soil Products Sale of nutrient-rich compost and renewable fertilizer (digestate) produced as byproducts of the anaerobic digestion process to local farms for use as soil amendment.

Quantifiable outcome

• Carbon Intensity of -51 gCO2e/MJ vs conventional natural gas at 68 gCO2e/MJ
• +4 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Five partnerships are on record, tiered core.

• FortisBC Energy Inc.coreStrategic or Co-development Partner · 16 January 202620-year Biomethane Purchase Agreement under which FortisBC purchases Renewable Natural Gas produced at EverGen's wholly owned subsidiary Fraser Valley Biogas facility in British Columbia. The agreement provides EverGen with a long-term, contracted revenue stream while supporting FortisBC's renewable and lower carbon gas supply goals.
• City of AbbotsfordcoreStrategic or Co-development Partner · 28 November 20235-year compostable waste processing agreement for processing of organic waste pursuant to curbside collection programs.
• City of ReginacoreStrategic or Co-development Partner · 28 September 202310-year organic waste processing agreement to process up to 24,000 tonnes of organic waste annually, supporting the Prairie Sky Organics project.
• Northeast Renewables LPcoreStrategic or Co-development Partner · 24 May 202250% partner in Project Radius - a late-development-stage portfolio of three high-quality, large-scale agricultural waste RNG projects in Ontario. Collectively capable of producing ~1.8 million GJ/year of RNG.
• Lil-wat NationcoreStrategic or Co-development Partner · 1 January 2021Indigenous community partnership at Sea to Sky Soils composting facility operating since 2012. Sea to Sky Soils operates in partnership with Lil-wat Nation.

Scale indicators13 records

Recent moves9 records

Expansion highlights6 records

Others

• Generate Capital: Generate Capital is a US infrastructure financier and operator that owns and finances distributed RNG and organic waste-to-energy projects. It is a potential capital partner or competitor for the same acquisition roll-up strategy EverGen pursues.
• Montrose Environmental Group: Montrose Environmental (NYSE: MEG) provides environmental services including air quality, compliance, and renewable energy project development adjacent to organic waste and RNG infrastructure. It intersects EverGen's regulatory and permitting workflows rather than competing directly.

Broad incumbents

• Clean Energy Fuels Corp. Clean Energy Fuels (NASDAQ: CLNE) is a US-based renewable and natural gas fuels provider that has expanded into RNG through dairy digester projects. It is a much larger incumbent in the broader low-carbon fuels space with comparable RNG ambitions.
• Archaea Energy (BP): Archaea Energy was a US RNG developer acquired by BP in 2022, operating landfill-gas-to-RNG and agricultural AD projects. As part of BP, it represents a large incumbent platform pursuing the same anaerobic-digestion-to-RNG thesis as EverGen.
• ATCO Ltd. ATCO (TSX: ACO.X) is a diversified Canadian infrastructure company with energy, utilities, and clean fuels operations, including involvement in Canadian RNG/hydrogen initiatives. It is a broader incumbent that competes with EverGen for utility offtake and infrastructure capital.

Direct peers

• StormFisher Environmental: StormFisher is a Canadian developer and operator of anaerobic digestion and RNG facilities processing food and organic waste for utility offtake. It is a domestic Canadian competitor pursuing the same municipal feedstock and utility offtake model as EverGen.
• Opal Fuels: Opal Fuels (NASDAQ: OPAL) develops, owns and operates dairy-based RNG projects with long-term offtake contracts to utilities, closely mirroring EverGen's anaerobic digestion, agricultural feedstock, and 20-year offtake model in a US-listed vehicle.
• Greenlane Renewables: Greenlane Renewables (TSX: GRN) supplies biogas upgrading technology (PSA, membranes) used to convert biogas to RNG. Although primarily a technology supplier rather than an owner-operator, it competes with EverGen's underlying AD-to-RNG value chain in North America.
• Anaergia Inc. Anaergia (TSX: ANRG) designs and builds anaerobic digestion and biogas upgrading systems and operates organic waste processing facilities globally. It is the closest direct comparable to EverGen in technology, feedstock focus, and end markets.

Regional players

• Fortis Inc. Fortis Inc. is the parent of EverGen's anchor offtake customer FortisBC Energy. As a major North American regulated utility operator, Fortis is both a key customer and an adjacent participant in Canadian renewable gas and energy infrastructure markets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/user/Wix
• LinkedInlinkedin.com/company/evergen-infrastructure-corp
• Instagraminstagram.com/evergeninfra

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries5 records

Funding overview

Funding rounds7 records

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about EverGen Infrastructure