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40 min ago 3 min read
Canada-based Convertus Group has secured CA$135m ($96.2m) in project financing for its flagship biofuel facility in York Region, Ontario, advancing a project that will combine renewable natural gas (RNG or biomethane), food-grade carbon dioxide (CO2) and low-carbon fertiliser production from organic waste.
The financing was provided by Power Sustainable Infrastructure Credit (PSIC), with Selkirk Advisory Group acting as financial advisor to Convertus.
Designed to process up to 200,000 tonnes of source-separated organic waste annually, the facility is expected to produce between 350,000 and 400,000 gigajoules of biomethane each year.
It will also capture and liquefy food-grade CO2 alongside producing low-carbon liquid fertiliser, creating multiple products from a single organic waste stream.
The project forms part of a growing trend towards anaerobic digestion facilities that maximise resource recovery by producing renewable gas while also supplying biogenic CO2 for food and beverage, industrial and other applications.
Jamie Jongsma, Chief Financial Officer of Convertus Group, described the financing as a milestone for the company.
“This financing represents a major milestone for Convertus and reflects the confidence that PSIC has placed in our business, our team and our long-term vision,” he said.
“This facility represents the next generation of anaerobic digestion infrastructure and demonstrates how innovative technologies can transform organic waste into renewable energy and valuable low-carbon products.”
Benjamin Shenwick, Principal at Power Sustainable Infrastructure Credit, said the project would strengthen organic waste processing capacity across the Greater Toronto Area while supporting circular economy objectives.
“The York Biofuel Facility will provide essential environmental infrastructure for York Region and the Greater Toronto Area, adding critical long-term organics processing capacity through a state-of-the-art facility designed with robust operational redundancy,” he said.
Commissioning of the facility is expected to begin later this year, with commercial operations scheduled to start in early 2027.
The financing follows continued investment in Canada’s renewable natural gas sector. In April, Hydron Energy deployed its biogas upgrading technology at the in British Columbia, where the system will produce pipeline-quality biomethane by removing nitrogen and CO2 in a single-stage process.
Earlier this year, Waga Energy also secured CA$15m ($10.8m) in provincial funding for a biomethane production facility at the Hébertville landfill in , supporting the province’s ambition to integrate 10% biomethane into its gas network by 2030.
