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. (OTCQB: SNRG) is frequently featured in news coverage for its activities in environmental services, waste-to-energy and regenerative products. Company announcements highlight developments at its Environmental Compliance Approval licensed facilities in Belleville and Hamilton, Ontario, its proprietary SusGro® organic liquid fertilizer, and its participation in greenhouse gas offset programs.
Many news items focus on the SusGlobal Belleville Composting Offset Project, where the company, through its wholly owned subsidiary SusGlobal Energy Belleville Ltd., generates and sells Verified Emission Reductions and Removals (VERRs). Releases describe additional sales of VERRs and carbon credits listed on the GHG CleanProject® Registry, as well as the role of the project in diverting organic waste from landfills and avoiding methane emissions.
Other coverage details facility expansions and infrastructure investments, such as the acquisition of additional industrial land at the Hamilton site to increase capacity for organic waste processing, renewable natural gas (RNG) production and fertilizer manufacturing. News also addresses regulatory and policy context in Ontario around food and organic waste disposal, which the company links to growing opportunities for its facilities and technologies.
Readers can also find updates on RNG initiatives, financial developments and capital advisory agreements, including reports on RNG carbon intensity assessments, commercial terms for long‑term RNG purchase and sale arrangements, and financial advisory relationships intended to support SusGlobal’s growth plans. This news page brings together these disclosures so investors and observers can review the company’s operational, environmental and financing milestones in one place.
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.
SusGlobal Energy Corp. (OTCQB:SNRG) has been featured in a market report by Lucintel, highlighting growth opportunities in the organic fertilizer market, projected to reach $15.894 billion with a 11.2% CAGR from 2021 to 2026. Notable drivers include rising organic food consumption and favorable regulations. The report indicates that liquid fertilizers are expected to grow at a higher rate of 11.8%, while the benefits of organic fertilizers include improved soil health, microbial support, and reduced chemical usage. CEO Marc Hazout emphasizes the company's commitment to producing regenerative products.
SusGlobal Energy Corp. (OTCQB:SNRG) reported a 44.99% decline in revenue for Q1 2021, amounting to $192,660, down from $350,197 in Q1 2020. The decrease was attributed to shifts in the customer base and the expiration of a contract. Operating expenses surged to $593,212, contributing to a net loss of $306,335, or $0.01 per share. Despite the tough quarter, the company remains optimistic about a potential revenue increase, aiming to expand its operations and up-list to a major exchange. Notable transactions include asset purchases and a planned acquisition of liquid organic fertilizer corporations.
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