Certarus Is Leading the Energy Transition in Northern Ontario With Multiple Long-Term Contracts as Customers Seek to Reduce Carbon Emissions
TIMMINS, ON, June 15, 2021 /CNW/ - Certarus Ltd. ("Certarus" or the "Corporation") is pleased to announce it is growing its presence in Northern Ontario with two new long-term contracts to provide low carbon energy solutions to large industrial operators and a Memorandum of Understanding with five remote municipalities across Northern Ontario. The corporation has signed multi-year gas supply agreements with Lafarge Canada Inc., EACOM Timber, and Lakeshore Natural Gas to source and deliver compressed natural gas (CNG) to each operation and accelerate the transitioning to low carbon energy across the region.
By compressing and transporting natural gas, Certarus offers a mobile energy distribution service that allows remote bulk fuel customers without pipeline access to reduce dependency on propane and diesel and benefit from lower operational costs and reduced GHG emissions. As businesses and communities increasingly look for more cost-effective solutions to improve their environmental performance, Certarus' end-to-end solutions offer a quick and easy way to transition to low carbon fuel.
"Our ability to safely and reliably deliver low carbon energy wherever our customers need it places us in a unique position to accelerate the energy transition. Lack of pipeline access has historically left remote operators with few options that resulted in higher energy costs and emissions. Our mobile energy distribution capability offers our customers a clean and cost-effective solution that can scale up with demand to provide energy security and price predictability," said Curtis Philippon, CEO & President, Certarus.
"In our ongoing efforts to provide construction solutions that build better cities and communities, we are focusing on improving the sustainability of our business, and that includes making smarter choices about the fuels we use to produce our products. Certarus offers a mobile energy solution that delivers low carbon CNG directly to our facility on the north shore of Lake Huron so that we can replace propane in our industrial dryers and reduce the carbon footprint of our operations, " said David Redfern, CEO Eastern Canada, Lafarge.
"EACOM's mills have been part of Ontario communities for decades. We take our role in the region's economic, social, and environmental development very seriously. As we look to expand our operations, we want to ensure we are limiting our environmental impact in the region. We've made a significant investment in our Elk Lake facility to reduce the use of both diesel fuel and propane, and our partnership with Certarus will ensure we have a reliable flow of low carbon natural gas to fuel our growth going forward," said Kevin Edgson, CEO & President, EACOM.
"Our municipalities are confident that we have found a trusted and well-established gas supply partner in Certarus. That brings us one step closer to delivering critical energy for underserviced communities in the north," said Daryl Skworchinski, CAO for the Town of Marathon.
Increasing demand for low carbon energy is driving rapid growth across Certarus' integrated North American platform.
ABOUT LAFARGE CANADA
Lafarge is Canada's largest provider of sustainable construction materials and a member of the global group, LafargeHolcim. With 6,000 employees and 350 sites across Canada, our mission is to provide construction solutions that build better cities and communities. The cities where Canadians live, work, and raise their families along with the community's infrastructure benefit from the solutions provided by Lafarge consisting of aggregates, asphalt and paving, cement, precast concrete, ready-mix concrete and road construction. Visit www.lafarge.ca for full details and follow us on Twitter @Lafarge_Canada and LinkedIn @LafargeCanada.
ABOUT EACOM TIMBER CORPORATION
EACOM Timber Corporation is a major Eastern Canadian wood products company. Operations include the manufacturing, marketing, and distribution of lumber and wood-based value-added products, and the management of forest resources. EACOM owns seven sawmills, a remanufacturing facility, and an engineered I-joist plant with over 1,200 employees. The Company is committed to investing in strong assets, including healthy forests, advanced technology, and talented people.
Visit our website at www.EACOM.ca and follow us on Twitter @EACOMTimberCo.
ABOUT LAKESHORE NATURAL GAS
The five proponent Municipalities of Marathon, Manitouwdge, Terrace Bay, Schreiber and Wawa, have jointly incorporated Lakeshore Natural Gas as the operating name for the Local Distribution Company (LDC). The proposed natural gas distribution system will be owned and operated by the Utility (Lakeshore Natural Gas), a company owned in equal parts, by the five Municipalities.
ABOUT CERTARUS
Certarus is the North American leader in providing low carbon energy solutions through a fully integrated compressed natural gas (CNG), renewable natural gas (RNG) and hydrogen platform. The company safely delivers clean burning fuels to remote communities and industrial customers not connected to a pipeline. By displacing more carbon intensive fuels, Certarus is leading the energy transition and helping customers lower operating costs and improve environmental performance. With the largest fleet of specialty trailers in the world, the company is uniquely positioned to meet the growing demand for low and zero emission fuel distribution. For more information, visit www.certarus.com.
FORWARD-LOOKING STATEMENTS
Certain information contained in this document constitutes forward-looking statements. By their nature, forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond the Corporation's control including the impact of general economic and market conditions, the impacts of the COVID-19 pandemic, industry conditions, volatility of commodity prices, currency fluctuations, environmental risks, competition from other industry participants, the lack of availability of qualified service providers, personnel or management, the ability to access sufficient capital from internal and external sources, the ability to obtain required consents, permits or approvals and the risk that actual results will vary from the results forecasted and such variations may be material. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Corporation's actual results, performance or achievement could differ materially from those expressed in or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits the Corporation will derive therefrom.
The forward-looking statements contained in this document are made as of the date hereof. Certarus disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. Additionally, Certarus undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed above.
SOURCE Certarus Ltd.
Curtis Philippon, President & CEO, Certarus Ltd., T: 1-403-852-1070, [email protected]; Clint Warkentin, Chief Financial Officer, Certarus Ltd., C: 1-403-969-4145, [email protected]
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