SusGlobal Signs Service Agreement for Belleville Facility
Rhea-AI Summary
SusGlobal Energy Corp. (OTCQB: SNRG) has announced that its subsidiary, SusGlobal Energy Belleville , has signed a Service Agreement for the rehabilitation of its 49-acre Organic & Non-Hazardous Waste Processing & Composting Facility in Belleville, Ontario.
The agreement aims to restore the facility to operational readiness, after which SusGlobal plans to engage a third-party operator. The facility is registered on the GHG CleanProject® Registry of the Canadian Standards Association, where the company has been marketing and selling Verified Emission Reductions and Removals (VERRs) through its Composting Offset Project in Ontario.
Positive
- Facility rehabilitation agreement signed to restore operations
- Potential revenue generation through facility operations
- Additional income stream from carbon credit monetization
Negative
- Facility currently non-operational and requires rehabilitation
- Dependency on third-party operator for facility management
News Market Reaction 1 Alert
On the day this news was published, SNRG declined NaN%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Toronto, Ontario--(Newsfile Corp. - March 17, 2025) - SusGlobal Energy Corp. (OTCQB: SNRG) ("SusGlobal" or the "Company"), an environmental and renewables company, the developer of SusGro™, an award winning, revolutionary organic liquid fertilizer and Leaders in The Circular Economy® today announced that its wholly owned subsidiary, SusGlobal Energy Belleville Ltd. has signed a Service Agreement (the "Agreement") which provides for the overall rehabilitation to operational readiness of the Company's 49-acre Organic & Non-Hazardous Waste Processing & Composting Facility (the "Facility") in Belleville, Ontario. Once the Facility becomes operationally ready and all government orders have been fulfilled, SusGlobal will retain a third party to operate the Facility.
The Facility is listed on the GHG CleanProject® Registry, https://www.csaregistries.ca/GHG_VR_Listing/CleanProjectDetail?ProjectId=909, a business unit of the Standards Division of the Canadian Standards Association ("CSA") for developed and marketed greenhouse gas ("GHG") offset credits where the Company has marketed and sold Verified Emission Reductions and Removals ("VERRs"), as part of its Composting Offset Project in Ontario.
"We believe this agreement will lead to a high-quality return to revenue stream for the Company's Facility, with further carbon credit monetization at the Belleville site."
About SusGlobal
SusGlobal, the developer of SusGro™, a revolutionary pathogen-free organic liquid fertilizer is a renewables company focused on acquiring, developing, and monetizing a portfolio of proprietary technologies in the waste-to-energy and regenerative products applications globally. It is management's objective to grow SusGlobal into a significant sustainable waste to energy and regenerative products provider, as LEADERS IN THE CIRCULAR ECONOMY®. For more information, please visit the Company's website at: www.susglobalenergy.com.
Safe Harbor Statement
This news release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the Company's objectives. 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," "would," "may," "can," "could" or "should" occur. Such statements include, but are not limited to, the Facility returning to operational readiness, the possibility of the Company signing future agreements or entering into a future relationship, and the Facility again generating revenue for the Company. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward-looking statements as a result of various factors, including, but not limited to, lack of sufficient financial resources; variations in market conditions, currency and our stock; the Company's ability to obtain any necessary permits, approvals, consents or authorizations required for its activities; the Company's ability to produce energy, biogas, compost or organic fertilizer from its properties successfully or profitably, to continue its projected growth, or to be fully able to implement its business strategies and other risk factors described in the Company's filings with the U.S. Securities and Exchange Commission, which may be viewed at www.sec.gov.
Contact
SusGlobal Energy Corp.
Marc Hazout, President and CEO
(416) 223-8500 or Toll Free: 1-866-512-7374
Email: info@susglobalenergy.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/244478
FAQ
What is the purpose of SusGlobal's new Service Agreement for the Belleville facility?
How will SNRG generate revenue from the Belleville facility?
Who will operate SNRG's Belleville facility after rehabilitation?
What is the significance of SNRG's facility being on the GHG CleanProject Registry?
