EverGen Announces Long-Term Offtake Agreement with FortisBC Energy
EverGen Infrastructure Corp. (TSXV: EVGN, OTCQX: EVGIF) announced a significant stride in its renewable natural gas (RNG) strategy with a new 20-year Biomethane Purchase Agreement (BPA) with FortisBC Energy Inc. The agreement, which became effective, solidifies a long-term demand corridor for EverGen’s biomethane production facilities and reinforces the company’s role in British Columbia’s clean energy transition.
FortisBC Energy, a major energy distributor in British Columbia, will purchase biomethane produced by EverGen’s network of RNG facilities. The arrangement aligns with broader provincial and federal aims to decarbonize heat and transportation while expanding the supply of sustainable fuels that reduce greenhouse gas emissions across the energy system.
What the 20-Year Offtake Means for EverGen
The 20-year term provides EverGen with predictable cash flows and a stable revenue base, which supports ongoing project development, operations, and potential expansion within its RNG portfolio. By securing a long-term buyer for biomethane, EverGen can advance capital planning, optimize feedstock logistics, and accelerate the construction and ramp-up of additional facilities designed to meet rising demand for renewable energy sources in the region.
Long-term offtake agreements like this also help EverGen demonstrate project bankability to lenders and investors. The BPA underpins strategic partnerships within the midstream RNG value chain, linking feedstock suppliers, waste-to-energy facilities, and end-users in a closed-loop system that emphasizes reliability, quality, and environmental stewardship.
Impacts on the British Columbia Energy Landscape
The BPA supports FortisBC Energy’s ongoing efforts to diversify its fuel mix with lower-carbon alternatives. Biomethane, a renewable form of natural gas produced from organic waste, can be blended into existing gas networks with minimal retrofitting, enabling a smoother transition for customers as the province pursues ambitious climate targets. For EverGen, the deal broadens the market access for RNG that would otherwise compete for limited offtake opportunities, driving scale and efficiency across the company’s operations.
Industry analysts view such long-duration offtake agreements as a critical enabler for RNG projects, helping to bridge the gap between environmental goals and commercial viability. By pairing EverGen’s production capabilities with FortisBC Energy’s distribution footprint, the partnership could catalyze additional investment in waste-to-energy facilities and logistics infrastructure in Western Canada.
What Comes Next for EverGen
With the BPA in effect, EverGen will likely advance the development and optimization of its RNG portfolio. The company has previously highlighted its strategy to expand scale through new facilities, enhanced feedstock access, and improved operating efficiency. The current agreement with FortisBC Energy complements these objectives, providing a stable platform from which EverGen can pursue new projects and technology integrations that improve biogas capture, upgrading, and reservoir management.
As the energy market evolves toward decarbonization, EverGen’s focus on RNG positions the company at the forefront of Canadian clean energy. The collaboration with FortisBC Energy signals confidence from a major utility in EverGen’s ability to deliver on reliability and emissions reductions, while also contributing to local job creation and regional energy security.
About EverGen and FortisBC Energy
EverGen Infrastructure Corp. develops, owns, and operates RNG projects designed to convert organic waste into clean fuel for heating and transportation. FortisBC Energy Inc. operates as a utility delivering energy services in British Columbia, emphasizing safety, reliability, and environmental stewardship. The two organizations’ collaboration reflects a broader industry shift toward sustainable fuels and a resilient energy grid.
For investors and stakeholders, the 20-year BPA represents a meaningful milestone in EverGen’s growth trajectory and the expansion of RNG as a reliable, lower-emission energy option in Canada.
