Recently, Fiera Private Debt has closed a $30 million construction-to-term project financing for Dicklands Biogas, an on-farm renewable natural gas (“RNG”) project located in Chilliwack, British Columbia.
Dicklands Biogas will utilize a mixture of manure and off-farm organic waste to produce over 180,000 gigajoules per year of pipeline-quality RNG for sale to FortisBC Energy Inc. It will also produce nitrogen-rich fertilizer pellets for sale to the local agricultural market, by converting a portion of the digestate by-product of the anerobic digestion process. The project will represent an integral piece of the Dicklands Farms enterprise, diversifying revenues and facilitating sustainable nutrient management and production of low carbon milk.
Dicklands Farms is a 75-year-old family-owned group of agricultural businesses which includes a dairy farm, poultry farm, and agricultural equipment dealership.