Welcome to our dedicated page for Susglobal Energy news (Ticker: SNRG), a resource for investors and traders seeking the latest updates and insights on Susglobal Energy stock.
SusGlobal Energy Corp. reports developments tied to environmental, agricultural and industrial biotechnology, renewable energy and circular-economy operations. The company uses organic food waste in waste-to-energy and regenerative-product applications, including renewable natural gas, compost and organic fertilizers such as SusGro.
Recurring updates focus on the Belleville, Ontario Organic & Non-Hazardous Waste Processing & Composting Facility, the Anew SusGlobal Belleville Composting Offset Project, sales of Verified Emission Reductions and Removals, and listings on the GHG CleanProject Registry. Company news also covers facility service agreements, intellectual-property protection for SUSGRO, financial advisory arrangements and periodic operating results.
On November 11, 2021, SusGlobal Energy Corp. (OTCQB: SNRG) was awarded the '2021 Product Innovation Award in the Fertilizer Market' by Lucintel for its SusGro™ Organic Liquid Fertilizer. This product is a concentrated, pathogen-free organic fertilizer that enhances soil fertility and water retention, promoting healthier plant growth. SusGlobal can process 185,000 metric tonnes of organic waste annually into fertilizers, reinforcing its commitment to sustainable agriculture. The company has also been recognized by Sitra for its circular economy solutions.
On November 9, 2021, SusGlobal Energy Corp. (SNRG) announced an interview discussing the company's sustainable waste management solutions. CEO Marc Hazout highlighted a new agreement with Blue Source Canada to monetize carbon credits from its Ontario facility. Hazout noted the significance of this agreement against the backdrop of COP26, emphasizing the potential shift from voluntary to mandatory carbon credit markets. SNRG aims to leverage its infrastructure to meet growing municipal needs, with expectations for significant revenue growth in 2022, driven by its innovative products like SusGro™ organic fertilizer.
SusGlobal Energy Corp. (OTCQB:SNRG) announced a new partnership with Blue Source Canada to develop and market greenhouse gas offset credits from its composting facility in Belleville, Ontario. This agreement aims to monetize the company's efforts to divert organic waste from landfills while promoting sustainability. The collaboration is expected to enhance technological advancements in composting, aligning with SusGlobal's mission to reduce greenhouse gas emissions. The company anticipates reflecting the monetary value from carbon credits in its Q1 2022 reporting.
SusGlobal Energy Corp. (OTCQB:SNRG) has won the 2021 Product Innovation Award for its SusGro™ Organic Liquid Fertilizer, recognized for its effectiveness in the $16 billion organic fertilizer market. This award highlights the product's role in enhancing soil fertility and crop productivity through sustainable practices. SusGlobal's proprietary technology allows conversion of 185,000 metric tonnes of organic waste into fertilizers. The company is committed to being a leader in the circular economy.
SusGlobal Energy Corp. (OTCQB:SNRG) announced the retention of ZAS Architects for designing its new Hamilton facility, which will enhance its waste-to-fertilizer operations. The facility will span 40,000 square feet on 3.26 acres, enabling an annual production capacity of 65,000 metric tonnes of SusGro, valued at $2 million daily. The design emphasizes sustainability and aims to create an inspiring workplace. This strategic move reflects SusGlobal's commitment to becoming a leader in the circular economy and sustainable agriculture.
SusGlobal Energy Corp. has announced the acquisition of a 40,535 square foot facility in Hamilton, Ontario, capable of processing 65,884 metric tonnes of organic waste annually. This facility will enhance SusGlobal's ability to produce its proprietary SusGro™ organic fertilizer, aiming to generate approximately $2 million worth of fertilizer daily. The acquisition, finalized on August 17, 2021, positions SusGlobal for increased revenue through fertilizer sales and municipal waste tipping fees while supporting ongoing R&D efforts.
SusGlobal Energy Corp. (SNRG) reported a 44.43% revenue drop to $212,632 for Q2 2021, compared to $382,639 in Q2 2020. This decline was attributed to an expiring contract and reduced waste from customers. The company incurred a net loss of $797,961, equating to a $0.01 loss per share. Despite the financial setbacks, SusGlobal aims to ramp up revenue by completing a second facility to commercialize its organic liquid fertilizer and enhance shareholder value. The company holds total assets of $6,059,564 against liabilities of $9,914,442.
SusGlobal Energy Corp. (OTCQB:SNRG) will present at the Lytham Partners Summer 2021 Investor Conference on June 14, 2021, at 4:15 p.m. ET. The presentation will showcase their innovative SusGro™, a pathogen-free organic liquid fertilizer. An archived webcast will be available on the company’s website. Additionally, management will hold virtual one-on-one meetings from June 14 to June 16, 2021. SusGlobal focuses on sustainable waste-to-energy solutions and aims to be a leader in the circular economy.
SusGlobal Energy Corp. (OTCQB:SNRG) has appointed Susan Harte to its Board of Directors, enhancing the board's expertise as the company prepares to acquire its second Ontario facility and expand its organic waste-to-fertilizer operations. Harte brings over 25 years of experience in site selection and economic development, having secured over US$1 billion in incentives for various projects. Her appointment aligns with SusGlobal's strategy to leverage geographical advantages across North America, supporting its objectives as a leader in the Circular Economy.
SusGlobal Energy Corp. (OTCQB:SNRG) has announced the purchase of a 40,535 square foot facility in Hamilton, Ontario, with an Environmental Compliance Approval allowing the processing of 65,884 metric tonnes of organic waste annually. The facility will cost approximately US$3.73 million, with a deposit of US$165,680 already paid. This acquisition aims to enhance production and distribution of the company's SusGro™ organic fertilizer products while providing increased capacity for revenue generation through fertilizer sales and municipal waste intake fees.