SusGlobal Signs Offset Development and Marketing Agreement with Bluesource to Monetize Carbon Credits

SusGlobal Energy Corp. Executive Chairman, President and CEO Marc Hazout

The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga.

SusGlobal Energy Belleville Ltd., a wholly-owned subsidiary of SusGlobal Energy Corp. SNRG, has signed an offset development and marketing agreement with Blue Source Canada ULC to monetize carbon credits.

SusGlobal says the agreement will enable it to develop and market greenhouse gas offset credits from its 49-acre Organic and Non-Hazardous Waste Processing and Composting Facility in Belleville, Ontario. 

The deal, announced on Nov. 3, will also allow SusGlobal Energy Belleville to monetize and realize benefits from its voluntary activities.

SusGlobal believes that monetization is an exciting development for its mission to reduce organic waste 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.

As a company involved in creative solutions to climate change for more than 20 years, the partnership is hoped to complement Bluesource's portfolio of high-quality environmental products from over 20 different technologies in more than 100 locations across the United States and Canada.

The partnership with SusGlobal is an example of Bluesource's experience in identifying, creating, acquiring, and marketing offsets — where there can be 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," said Marc Hazout, executive chairman, president, and CEO of SusGlobal Energy Corp. "We anticipate reflecting the value of these credits in our 1st 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," Ben Massie of Bluesource said. "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, many believe that there will be a necessity for diversion. Composting facilities, their management model, and their level of sustainability could play a key role in this redistribution of waste.

SusGlobal says that the revenue from these credits is slated to drive technological advancements that will expand composting efforts in the facility and the province of Ontario.

SusGlobal Energy Corp. is also the developer of SusGro™, a pathogen-free organic liquid fertilizer.

The preceding post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. Although the piece is not and should not be construed as editorial content, the sponsored content team works to ensure that any and all information contained within is true and accurate to the best of their knowledge and research. This content is for informational purposes only and not intended to be investing advice.