TORONTO, ON / ACCESSWIRE / November
3, 2021 -- InvestorsHub NewsWire -- 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
SOURCE: SusGlobal Energy Corp.
Bluesource
Jeanethe Falvey, Senior Director, Marketing &
Communications
Email: jfalvey@bluesource.com
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