SusGlobal Signs Offset Development and Marketing Agreement with Bluesource to Monetize Carbon Credits
TORONTO, ON / ACCESSWIRE / November 3, 2021 / SusGlobal Energy Corp. (“SusGlobal” or the “Company”) (OTCQB: SNRG), the developer of SusGro™, an award winning, revolutionary and pathogen free organic liquid fertilizer, today announced that its wholly-owned subsidiary SusGlobal Energy Belleville Ltd. (“SusGlobal Belleville”) has signed an Offset Development and Marketing Agreement (the “Agreement”) with Blue Source Canada ULC (“Bluesource”) to develop and market greenhouse gas offset credits from the Company’s 49-acre Organic & Non-Hazardous Waste Processing & Composting Facility in Belleville, Ontario, in order for the Company to monetize and realize benefits from its voluntary activities.
This monetization is an exciting development for the Company’s mission to reduce organic wastes from wood, leaf and yard material, treated municipal sewage waste (biosolids), residential curbside green bin material or source separated organics (“SSO”) and paper sludge otherwise destined for landfills and, we believe, will also allow the Company to expand this mission.
Bluesource has pioneered creative solutions to climate change for over 20 years. Today, this partnership complements Bluesource’s portfolio of high-quality environmental products from over 20 different technologies in over 100 locations across the United States and Canada. The partnership with SusGlobal is a core example of Bluesource’s experience in identifying, creating, acquiring and marketing offsets, where there is a tangible environmental benefit.
“We identified Bluesource as the right partners for our Company’s carbon credits monetization initiative, based on their extensive experience and success,” stated Marc Hazout, Executive Chairman, President and CEO of SusGlobal Energy Corp. “We anticipate reflecting the value of these credits in our first quarter 2022 reporting and are excited to meet this milestone and maximize shareholder value.”
“SusGlobal’s model of diverting organic waste streams from landfills, reducing greenhouse gas emissions as part of climate change objectives while producing regenerative products is the ideal opportunity we look for to reward proactive environmental action,” says Ben Massie of Bluesource. “We have identified SusGlobal’s Belleville facility as a promising offset development project and believe this can inspire others to do the same.”
As municipalities look to significantly divert organic waste from landfills, there will be a necessity of diversion. Composting facilities, their management model, and its level of sustainability, will play a key role in this redistribution of waste. The revenue from these credits is anticipated to drive technological advancements that will expand composting efforts in the facility and the province of Ontario.
About SusGlobal Energy Corp.
SusGlobal Energy Corp., the developer of SusGro™, an award winning and 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 product 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
About Bluesource
Bluesource is the most experienced and most diversified corporate climate advisor providing innovative, trusted environmental services and products in North America. A full-service climate and energy action partner, Bluesource counsels leading organizations at every stage of the business cycle to simplify their next steps toward achieving their climate and environmental goals. With an understanding that no business, organization, or government agency regardless of its size can afford to be absent from the climate conversation, Bluesource has the breadth of services and depth of experience to help clients achieve their environmental and energy goals simply, efficiently, and credibly.
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. 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
Bluesource
Jeanethe Falvey
Senior Director
Marketing & Communications
Email: jfalvey@bluesource.com
