SusGlobal Energy Corp. CEO Gives Corporate Update in Audio SusGlobal is focused on disrupting the linear (use-and-discard) economy by processing organic waste into regenerative products such as fertilizer, thereby minimizing and re-using waste to address global environmental concerns. The Company is currently developing its second processing facility, which will increase its capacity for the commercialization and distribution of proprietary products such as its award-winning, bio-organic fertilizer, SusGro™. Speaking with SCV’s Stuart Smith, Hazout highlights the importance of the Company’s expansion initiatives to meet growing product demand and increase corporate revenues.
“The fertilizer market is a $200 billion per annum market. Now there is this subset to that market, which is growing at a CAGR of over 11% to 20 billion per annum. What's important to note is that we don't have any issues with the supply chain problem because we use our own feed stock, which is the high volumes of municipal, industrial and commercial organic waste streams that we take in to produce our products,” he says.
This second facility, located in Hamilton, Ontario, will enable a total of 185,000 metric tons per annum of organic waste processing capacity including the Belleville facility. “That's quite significant when you think that a municipality usually generates between 40,000-60,000 metric tons per annum of organic waste,” Hazout notes.
SusGlobal generates “tipping fees” from these municipalities, building on revenues generated from product sales and carbon credits, the latter of which is expected to increase when the second facility is completed in Q3 2022.
“You hear about carbon credits and you hear about cap-and-trade systems, but not everyone is capable of monetizing them. But we are, because we have third parties that audit exactly how many tons of organic waste we're diverting from landfill and processing in our facilities. They then sell those carbon credits to other emitters in a market where they're looking to offset their own carbon emissions,” explains Hazout.
Another component of SusGlobal’s expansion strategy is acquisition. The Company recently announced its plans to acquire for CA$15 million a leading soil media, plant nutrients and plant producer.
https://www.globenewswire.com/news-release/2022/04/13/2421885/0/en/SusGlobal-Energy-Corp-CEO-Gives-Corporate-Update-in-Audio-Interview-with-SmallCapVoice-com.html