SusGlobal Energy Corp (OTC: SNRG) is an organic waste processing company that accepts organic waste streams and diverts them from landfills through composting and related treatment at its Ontario, Canada facilities. Revenue comes from waste processing fees and the sale of carbon credits generated by its composting operations. The company holds Environmental Compliance Approvals (ECAs) for two facilities: a 49-acre Organic and Non-Hazardous Waste Processing and Composting Facility in Belleville, Ontario, and a 41,535-square-foot facility on 5.29 acres in Hamilton, Ontario, the latter of which was listed for sale as of July 28, 2024. Through a partnership with Anew Canada ULC under an Offset Development and Marketing Agreement, the Belleville facility generated approximately 137,000 Verified Emission Reductions and Removals (VERRs) from 2017 through 2022, of which 59,802 VERRs had been sold as of the 10-K filing date of May 14, 2025. The Hamilton facility was originally designed to produce SusGro organic liquid fertilizer. The company carries significant debt, including multiple mortgages at fixed rates of 12% to 13% annually as of FY2024, and has reported ongoing net losses.

Revenue model

Transactional revenue from organic waste processing fees and spot sales of carbon credits (VERRs priced at approximately $3.30 to $7.09 per credit as of the September 2022 announcement). Carbon offset credits are developed and marketed under an agreement with Anew Canada ULC through the GHG CleanProjects Registry administered by the Canadian Standards Association.

Products and services

Organic waste composting and processing services; Verified Emission Reductions and Removals (VERRs) carbon credits from the Anew SusGlobal Belleville Composting Offset Project; SusGro organic liquid fertilizer (Hamilton facility, production not yet operational as of the filing).

Customers and end markets

Organic waste generators seeking landfill diversion; carbon credit buyers in voluntary emissions markets. The filing does not name specific customers or disclose customer concentration data.

Value-chain role

Midstream organic waste processor that accepts waste inputs, composts them to divert methane-generating material from landfills, and monetizes the resulting greenhouse gas offsets as carbon credits. Positioned between organic waste generators and carbon credit markets.

Geographic exposure

Operations entirely in Ontario, Canada. Belleville, Ontario (49-acre composting facility, primary operating site); Hamilton, Ontario (5.29-acre facility listed for sale as of July 28, 2024).

Source: SEC 10-K, filed 2025-05-14

Industry: Refuse Systems