Convertus Group has secured CA$135 million (US$96.2 million) in project financing for its flagship York Region biofuel facility in Ontario, marking a significant step toward expanding Canada’s renewable natural gas (RNG) infrastructure.
The project will combine biomethane production, food-grade carbon dioxide liquefaction, and low-carbon fertiliser manufacturing from a single organic waste stream, supporting circular economy and resource recovery initiatives.
The financing was provided by Power Sustainable Infrastructure Credit (PSIC), with Selkirk Advisory Group serving as financial advisor.
CA$135m Financing Advances Flagship Biofuel Project
The York Region facility has been designed to process up to 200,000 tonnes of source-separated organic waste annually, producing multiple low-carbon products while maximising resource recovery.
Project highlights include:
- Project financing: CA$135 million (US$96.2 million)
- Financing provider: Power Sustainable Infrastructure Credit (PSIC)
- Financial advisor: Selkirk Advisory Group
- Location: York Region, Ontario
- Annual processing capacity: Up to 200,000 tonnes of organic waste
- Expected RNG production: 350,000–400,000 gigajoules annually
Alongside renewable natural gas, the facility will produce food-grade liquefied CO₂ and low-carbon liquid fertiliser, creating several high-value products from a single waste stream.
Integrated Technology Maximises Resource Recovery
The facility represents what Convertus describes as the next generation of anaerobic digestion infrastructure by integrating renewable gas production with carbon dioxide capture and fertiliser generation.
Jamie Jongsma, Chief Financial Officer of Convertus Group, said: “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.” “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.”
Supporting Circular Economy Infrastructure
Benjamin Shenwick , Principal at Power Sustainable Infrastructure Credit, highlighted the regional impact of the project.
“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 state-of-the-art facility designed with robust operational redundancy.” He further noted that the project combines advanced technology with meaningful circular economy and decarbonisation benefits while supporting essential infrastructure development.
Commissioning Planned This Year
Construction continues at the York Biofuel Facility, with commissioning expected later this year and commercial operations scheduled to begin in early 2027.
Once operational, the facility will serve as the flagship of Convertus’ expanding organics infrastructure portfolio, demonstrating how integrated anaerobic digestion, biomethane production, CO₂ liquefaction and resource recovery can generate multiple low-carbon products from organic waste.
The investment also reflects growing momentum behind Canada’s renewable natural gas sector and advanced waste-to-energy infrastructure.
Professionals at Convertus: Michael Leopold Ahmed Fergala Moomen Soliman, Ph.D., EIT Erik Brown, P.Eng Sean Van Wely Yuvraj Verma, (PMP)® Cornelis Stelwagen Jasper Körmeling Sean Kawakami MBA, PMP Richard Bogucki Kimberley Jones Felicia Crozier P.Eng. Joel Rutty Jeremy Carrier, RSE,BBA Nicholas Jones Greg Ball Sean Hagan Hunter MacPhail Trevor Bouchard Klaas Franken Matt Growden MBA, CPA Tariq Zavahir Amila Ljutic Maggie Mindorff, TMP Kevin Reilly CPA, CA Jamie Jongsma