Canada-based Convertus Secures C$135 Million in Financing for York Region Biofuel Facility
Convertus Group has secured C$135 million ($96 million) in project financing to support the development of its flagship biofuel facility located in York Region, Ontario. The funding was arranged by Power Sustainable Infrastructure Credit (PSIC), with advisory services provided by Selkirk Advisory Group. This financial milestone is a key step toward commissioning and launching commercial operations at the site. The York Biofuel Facility will process up to 200,000 tonnes of organic waste annually, producing renewable natural gas sufficient to meet heating needs for nearly 5,000 homes each year. It also aims to generate low-carbon liquid fertilizer and food-grade liquefied carbon dioxide from various waste streams. Construction is on schedule with commissioning expected later this year and full operations set to begin in early 2027. The facility will serve as a flagship for Convertus' expanding organics infrastructure portfolio, leveraging advanced technology to support renewable energy production and circular economy principles.
Topics: biofuel infrastructure renewable_energy sustainability