Power Sustainable Provides $135M Financing for Convertus' Biofuel Facility in York Region
Convertus Group has secured a major financial milestone with the closing of $135 million in project financing from Power Sustainable Infrastructure Credit (PSIC) to support its flagship biofuel facility in York Region, Ontario. The funding marks significant progress toward commissioning and commercial operations for Canada's first biofuel plant featuring integrated CO2 liquefaction technology. The state-of-the-art facility is designed to process 200,000 tonnes of organic waste annually, producing renewable natural gas (RNG), low-carbon liquid fertilizer, and food-grade carbon dioxide. The project also highlights the company's commitment to circular economy principles by converting a single waste stream into multiple valuable products. Jamie Jongsma, CFO of Convertus Group, emphasized that this financing reflects confidence in their vision for next-generation anaerobic digestion infrastructure. Benjamin Shenwick from PSIC noted the environmental and economic benefits of supporting such innovative projects.
Topics: biofuel CO2_liquefaction infrastructure renewable_energy