- The Renewable Natural Gas (“RNG”) market is forecast to grow to an annual market size of $72.13 billion by 2027
- EverGen purchased a 66% stake in Albert-based agri operation, GrowTEC for a gross consideration of $2.1 million
- EverGen are in the process of building out the required infrastructure needed to inject the company’s RNG production into the local electric grid
- Elsewhere, the company also announced that Sean Hennessey would take over the vacant CFO position, substituting the company’s existing interim CFO, Natasha Monk
On October 9th, Chevron announced their intention to produce and market dairy biomethane as a renewable natural gas (“RNG”) transportation fuel in California. Meanwhile and across the country, Michigan regulators began to review permit applications for a new renewable natural gas plant situated on a landfill site as a way to tackle the land mass’ toxic air contaminant emissions. With growth within the renewable natural gas sector proceeding at a breakneck pace, it comes as no surprise that a recent study has forecast the renewable natural gas market size to swell to an annual value of $72.13 billion by 2028, equivalent to a CAGR of 44.0% over the next six years. British-Columbia based natural gas operator, EverGen Infrastructure (TSX.V: EVGN) (OTCQX: EVGIF) in particular has been on the very forefront of the sector’s development within Canada and the world.
In early October, EverGen Infrastructure revealed that construction on Phase 1 of their GrowTEC RNG Expansion project was 80 percent complete, whilst simultaneously tracking ahead of schedule. Having acquired a 66 percent shareholding in the Alberta-based agricultural operation earlier this year for a…
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