Convertus announces financial close of $135 million project financing for biofuel facility

The project financing was provided by Power Sustainable Infrastructure Credit (PSIC), with Selkirk Advisory Group serving as financial advisor to Convertus. Financial close represents a significant milestone as the project advances toward commissioning and commercial operations.

The facility is designed to process up to 200 000 tpy of source-separated organic waste and is expected to produce between 350 000 - 400 000 gigajoules of renewable natural gas each year. In addition to renewable natural gas, the facility will produce low-carbon liquid fertilizer and food-grade liquefied carbon dioxide (CO2), creating multiple high-value, low-carbon products from a single waste stream while maximising resource recovery.

“This financing represents a major milestone for Convertus and reflects the confidence that PSIC has placed in our business, our team, and our long-term vision,” said Jamie Jongsma, Chief Financial Officer of Convertus Group. “We are grateful for PSIC’s partnership and for the expertise and guidance provided by Selkirk Advisory Group throughout the financing process. This facility represents the next generation of anaerobic digestion infrastructure and demonstrates how innovative technologies can transform organic waste into renewable energy and valuable low-carbon products.”

“The York Biofuel Facility will provide essential environmental infrastructure for York Region and the Greater Toronto Area, adding critical long-term organics processing capacity through a facility designed with robust operational redundancy. Convertus’ high-caliber team has developed a top-tier project that combines advanced technology with meaningful circular-economy and decarbonisation benefits. This financing reflects our focus on supporting experienced operators developing essential infrastructure with strong underlying economics and measurable environmental benefits. We are pleased to support Convertus as the facility advances toward commercial operations,” said Benjamin Shenwick, Principal at Power Sustainable Infrastructure Credit.

The project remains on schedule, with commissioning expected to begin later this year and service commencement anticipated in early 2027. Once operational, the facility will serve as the flagship of Convertus’ growing portfolio of advanced organics infrastructure, demonstrating the company’s ability to deploy leading-edge technologies that transform organic waste into renewable energy and other high-value circular products.

Read the article online at: https://www.hydrocarbonengineering.com/the-environment/04082026/convertus-announces-financial-close-of-135-million-project-financing-for-biofuel-facility/