A company that could come into focus among investors this week is of SusGlobal Energy Corp (OTCMKTS:SNRG) after the company made a major announcement earlier on in the week on Tuesday. First of all, it is necessary for investors to note that the company is best known for having developed a highly innovative liquid fertilizer that is free of pathogens.
Yesterday, the company came into focus once among investors after it announced that SusGlobal Energy Hamilton Ltd, its fully owned subsidiary company, has been working towards the development of the 51,535 square foot facility. The facility in question is situated in Hamilton, Ontario. On the other hand, the facility also possesses an Environmental Compliance Approval that allows it to process as much as 65884 tonnes of organic waste and then turn it into regenerative products.
The whole project is part of the company’s move to move into the circular economy space and to work on climate change programs. Yesterday it was announced that the architects and construction personnel at SusGlobal Energy Hamilton had made significant progress with regard to the first phase of the project.
Some of the facilities that have already been built include administrative offices, bottling plants, warehousing sections and a tipping buildings among others. This is something that could well be a major plank for SusGlobal in the years to come as the world moves towards a more sustainable future. It may be a good move for investors to start following the stock a bit more closely in the coming days.
Key Quote
“We are pleased to have commenced construction at our second facility with a high-value Environmental Compliance Approval License and strategically located to provide a contingency plan to our municipal clients that are already using our Bellville facility where we intake organic waste and produce compost fertilizer. Equally important is the facility’s proximity to agricultural clients who will purchase our outbound products including liquid and dry organic fertilizers and additional product lines carried by our acquisitions, which become wholly owned subsidiaries of SUSGLOBAL. This increased capacity, infrastructure, feedstock and licenses to scale up and meet the demand for all the existing and future product lines we have planned, without having to be reliant on any supply chain, enables us we believe to ramp up revenues and cash flows through fertilizer sales, tipping fees for intaking municipal organic waste, and monetization of carbon credits as Leaders in The Circular Economy®,” stated Marc Hazout, President and CEO of SusGlobal.
