EverGen Infrastructure Corp. (TSX.V: EVGN) (OTCQX: EVGIF) Targets Rising RNG Production Amidst Global Push Towards Renewable Energy Sources
- Europe has recently increased their renewable energy production target to account for 45% of overall energy consumption by 2030, up from 32% previously
- The continent’s renewable energy ambitions will be underpinned by increasing the production capacity of several clean energy sources – including biomethane or renewable natural gas
- EverGen Infrastructure have been at the forefront of growing Canada’s RNG output in recent years, with a goal to expand capacity to 480,000 GJ per annum in the near term
- With RNG potentially classed as a ‘carbon negative’ energy source, expanding output of the gas ranks amongst the Canadian Government’s key energy priorities in coming years
Late in the evening on Thursday 31st March, European lawmakers reached a new consensus; by 2030, 45% of Europe’s overall energy consumption will be powered by renewable energy, a necessary goal for the continent to achieve its climate neutrality target by 2050 (https://ibn.fm/yvlDO). The target, which builds upon the prior goal of 32% set in 2018, will reinforce the need to increase the production output across a wide array of clean energy sources – biogas and biomethane ranking chief amongst them.
Biomethane, which is also known as renewable natural gas, is methane which can be sourced from a number of biological sources, including landfills, sewage, food waste and agricultural waste, among several others. Given that natural gas and renewable natural gas are nearly chemically identical, they can…
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