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Toronto, Ontario–(Newsfile Corp. – September 21, 2022) – SusGlobal Energy Corp. (OTCQB: SNRG) (“SusGlobal“or the”Company“), the developer of SusGro”, an award-winning, breakthrough, pathogen-free organic liquid fertilizer, today announced that its wholly-owned subsidiary SusGlobal Energy Belleville Ltd. (“SusGlobal Belleville“) has generated its first verified emission reductions and removals (“LOCK“) and sold its first carbon credits through the Anew “SusGlobal Belleville Composting Offset Project in Ontario (the “ProjectThe project has generated approximately 105,000 VERRS (generated from 2017 to 2021) with an approximate market value between CA$5.00 (US$3.76) and CA$10.00 (US$7.52) per VERR The project report was submitted to the GHG CleanProjects® Registry, a business unit of the Standards Division of the Canadian Standards Association (“CSA“). The project is part of the offset development and commercialization agreement with Anew Canada ULC (formerly known as Blue Source Canada ULC) (“New Canada“) for developed and marketed greenhouse gases (“GHG“) offset credits from the company’s 49-acre organic and non-hazardous waste processing and composting facility in Belleville, Ontario.
SusGlobal Belleville is an aerobic composting facility that processes source-separated organics (“single sign-on“) compost waste. Waste is collected from local municipalities including Northumberland County, Port Hope Municipality and Cavan Monaghan Township.
The project has enabled an increase in the diversion of organic waste from landfills, thus avoiding the generation of methane. Methane is a very potent greenhouse gas that is 28 times more effective at trapping heat energy in our atmosphere than carbon dioxide. As organic waste decomposes in landfills, methane builds up and must be released to avoid unsafe working conditions. By diverting the waste that contributes to this problem, the project benefits the community as well as the climate.
This initial sale of carbon credits expands the Company’s ability to fulfill its mission to reduce organic waste from wood, leaf and yard materials, treated municipal sewage waste (biosolids), green bin materials residential or SSO and paper sludge otherwise destined for landfills.
GHG CleanProjects® Registry, a business unit of CSA Standards Division, is the service provider that owns and operates the registry to complete ISO 14064-1, ISO 14064-2, ISO 14064-3 and ISO 14065 and facilitate the transparency, accuracy, consistency, completeness and relevance of reporting, validation and verification of greenhouse gas emission reductions or removal improvements related to existing and future greenhouse gas methodologies and programs.
VERRs are project-related greenhouse gas emission reductions or removals, verified by an independent third party in accordance with ISO 14064 standards and all applicable GHG program requirements. Without limiting the foregoing, VERRs also encompass those project-based verified environmental products as they occur and are known in specific GHG programs, including GHG credits, recorded emission reductions, credits emissions, certificates, credits, offsets and similar environmental products.
Anew Canada is a wholly owned subsidiary of Anew Climate, LLC (“A new”“), a climate-as-a-service company that has pioneered creative solutions to climate change for over 20 years. The project complements Anew’s high-quality portfolio of over 400 projects to reduce, eliminate and avoidance of greenhouse gases across the globe.The partnership with SusGlobal is a key example of Anew’s experience in identifying, creating, acquiring and marketing verified climate benefits.
“We are pleased with the quantities that Anew has marketed and sold as part of our company’s initial carbon credit monetization initiative, allowing us to generate additional revenue,” said Marc Hazout, Executive Chairman, President and Chief Executive Officer. of the management of SusGlobal Energy Corp. “Reflecting the value of these credits in the third quarter of 2022 is an exciting milestone, one that we plan to repeat annually and at our second facility in Hamilton, as we continue our diversion from the landfill target while producing regenerative products. as part of our circular economy model, with the aim of further maximizing shareholder value.”
“SusGlobal’s model of diverting organic waste streams from landfills and reducing greenhouse gas emissions while producing regenerative products is an example that others can follow,” said Ben Massie of Anew. . “We have identified SusGlobal’s Belleville facility as a promising offset development project and the listing of the audit report with the ledger resulting from the sale of offsets validates our initiative, inspiring others to do the same.”
Municipalities continue to look for opportunities to divert organic waste from landfills. Composting facilities and the level of sustainability built into their business model will play a key role in this redistribution of waste. Revenue from these credits is expected to spur technological advances that will expand composting efforts at the Belleville facility and other municipalities across North America.
About SusGlobal Energy Corp.
SusGlobal Energy Corp., the developer of SusGro”, an award-winning and breakthrough pathogen-free organic liquid fertilizer, is an industrial, environmental and agricultural biotechnology company focused on acquiring, developing and monetizing a portfolio of proprietary technologies in the field of waste-to-energy and regenerative product applications globally. Management’s goal is to make SusGlobal a leading sustainable supplier of waste-to-energy and regenerative products and a trusted brand for the fertilizer market , Soil and Aquaculture, as LEADERS IN THE CIRCULAR ECONOMY® For more information, please visit the Company’s website at: www.susglobalenergy.com.
Anew is accelerating the fight against climate change by enabling any business or organization to align its conservation and impact goals with achievable next steps. With a comprehensive solutions portfolio that includes advisory services, carbon credits, renewable natural gas, renewable energy credits, EV credits, plastic credits and emission reduction credits, we are lowering barriers to participation in environmental markets for private and public sector clients. As North America’s leading distributor and creator of carbon and environmental credits, we bring together strategic finance, regulatory expertise, scientific insights and a focus on impact to enable businesses to thrive while building a sustainable future. Anew is the result of the February 2022 combination of sustainable industry leaders Element Markets, LLC and Blue Source, LLC. The company has offices in the United States, Canada and Europe, and an environmental product portfolio that spans five continents.
Safe Harbor Statement
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the objectives of the Company. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”. , “estimates”, “projects”, “aims”, “potential”, “goal”, “objective”, “prospective” and similar expressions, or that events or conditions “will”, “should”, “could” , “may”, “could” or “should” occur. The Company cautions investors that the Company’s forward-looking statements are not guarantees of future results or performance, and that actual results may differ materially from those of forward-looking statements due to various factors, including, but not limited to, lack of sufficient financial resources; changes in market conditions, currency and our stock; the ability of the Company to obtain all permits , approvals, consents or authorization s necessary for its activities; the Company’s ability to produce energy, biogas, compost or organic fertilizers from its properties successfully or profitably, to pursue its projected growth or to be fully able to implement its strategies trading and other risk factors described in the Company’s filings with the US Securities and Exchange Commission, available at www.sec.gov.
Sus Global Energy Corp.
Marc Hazout, CEO
(416) 223-8500 or toll free: 1-866-512-7374
E-mail: [email protected]
SOURCE: SusGlobal Energy Corp.
A new climate
Jeanethe Falvey, Senior Director, Marketing and Communications
E-mail: [email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/137910