Key Takeaways
- Convertus Group closed $135 million in project financing for its flagship biofuel facility in York Region, Ontario.
- Power Sustainable Infrastructure Credit provided the financing, with Selkirk Advisory Group acting as financial advisor.
- The plant will process 200,000 tonnes of source-separated organic waste each year.
- Output includes 350,000 to 400,000 gigajoules of renewable natural gas annually, plus low-carbon liquid fertilizer and food-grade liquefied CO2.
- Commissioning is expected later in 2026, with operations starting in early 2027.
Convertus Group has closed $135 million in project financing for its flagship biofuel facility in Ontario’s York Region, the company said on July 31, 2026. The funding came from Power Sustainable Infrastructure Credit, with Selkirk Advisory Group serving as financial advisor on the deal.
Convertus Secures $135M for York Biofuel Facility
The financing supports Convertus as it builds out organics processing capacity near the Greater Toronto Area. The company positions the York Region plant as a model for turning municipal and commercial organic waste into renewable energy and other products.
Turning Organic Waste into Renewable Gas
The facility is designed to handle 200,000 tonnes of source-separated organic waste each year. From that feedstock, it is expected to generate between 350,000 and 400,000 gigajoules of renewable natural gas annually. The plant will also produce low-carbon liquid fertilizer and food-grade liquefied CO2, giving the operation several revenue streams beyond energy.
Timeline and Regional Impact
Commissioning is slated to begin later in 2026, with full service expected in early 2027. Backers say the plant will add long-term organics infrastructure for York Region and the wider Greater Toronto Area.
Convertus and Lenders Weigh In
“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,” said Jamie Jongsma, Chief Financial Officer of Convertus Group.
“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,” said Benjamin Shenwick, Principal at Power Sustainable Infrastructure Credit.
