Fraser Valley Biogas celebrates RNG milestone
October 14, 2022 by Manure Manager
British Columbia-based Fraser Valley Biogas, a renewable energy company wholly owned by EverGen Infrastructure, has signed a term sheet for a long-term off take agreement. The proposed agreement is expected to cover the purchase of up to 190,000 gigaojoules of RNG annually from Fraser Valley Biogas, which accounts for existing and incremental RNG volumes expected from the facility post-completion of the Core RNG expansion project.
This agreement would replace the existing RNG offtake agreement that is approaching the end of the original term in an environment where current market pricing is significantly stronger than when the facility originally commenced.
The deal supports EverGen’s Core RNG expansion project at FVB expected to double the RNG production of the facility to approximately 160,000 GJ per year. The expansion project will commence construction this fall with anticipated completion in Q1 2023.