Belleville facility compliance and operational disruption
The company ceased accepting waste after regulatory orders, reducing core processing activity and revenue.
- Scope
- Belleville, Ontario facility
- Materiality
- high
SusGlobal Energy Corp.
SusGlobal Energy Corp. is a Delaware-incorporated waste-to-energy and regenerative products company with operations centered in Ontario, Canada. Its business focuses on processing organic residuals through composting, digestion, wastewater-related treatment, and related environmental services, while also producing compost and liquid fertilizer products from waste streams.
−2 185,0 %
−17 584,6 %
−59,5 %
0.00
0.00
| % | |
|---|---|
| Organic waste processing | 45% Collection, handling, and treatment of organic residuals and source-separated organics. |
| Composting and regenerative products | 30% Conversion of organic waste into compost and liquid fertilizer products. |
| Waste-to-energy technologies | 15% Anaerobic digestion and related processes that recover value from waste streams. |
| Environmental services | 10% Leachate management, wastewater treatment, and biosolids-related services. |
SusGlobal primarily serves municipalities, especially in Ontario, Canada, that need compliant disposal and treatment...
- Municipalitiesprimary
Local governments buy organics processing and composting services to meet diversion and environmental compliance needs.
- Public-sector waste programssecondary
Public agencies and related entities use the company's facilities and technologies for waste treatment and landfill diversion.
- Private waste and organics generatorssecondary
Commercial and industrial customers may use the company's processing services for organic residuals and related waste streams.
- Carbon credit and regenerative product buyersemerging
Customers and counterparties purchase compost, liquid fertilizer, or carbon-related outputs tied to waste diversion.
The company is headquartered in Toronto, Ontario and its operating footprint is centered in Ontario, Canada, including...
- •Headquartered in Toronto, Ontario, Canada
- •Belleville, Ontario is a key operating facility
- •Business is concentrated in Ontario municipal waste markets
- •U.S. Delaware domicile for the parent company
- •Operations depend on provincial and local environmental approvals
SusGlobal's strategy is built around acquiring, developing, and monetizing proprietary waste-to-energy and regenerative...
01
Restore and upgrade facility operationsshort-term
Operating capacity drives waste acceptance, service revenue, and downstream product output.
02
Secure funding for capital needsshort-term
The business model requires investment to complete repairs, compliance work, and facility reopening.
03
Monetize regenerative outputsmedium-term
Compost, liquid fertilizer, and carbon credits diversify revenue beyond tipping fees.
04
Build a portfolio of waste-to-energy technologieslong-term
Proprietary technologies can improve processing economics and create licensing or operating value.
The company faces material operational and regulatory risk because its Belleville facility has been subject to...
Going-concern and financing risk
Auditors expressed substantial doubt about the company's ability to continue as a going concern, indicating reliance on new capital.
- Scope
- Corporate liquidity and project funding
- Materiality
- high
Environmental remediation and permitting risk
Waste facilities require ongoing compliance, approvals, and remediation work that can delay operations and increase costs.
- Scope
- Ontario environmental regulators
- Materiality
- high
Revenue concentration
The business appears dependent on a limited number of facilities and municipal customers, increasing volatility.
- Scope
- Ontario municipal market
- Materiality
- medium
Commodity and byproduct pricing risk
Compost, fertilizer, and carbon credit sales can fluctuate with market demand and policy conditions.
- Scope
- Regenerative products and carbon markets
- Materiality
- medium
Long-lived asset and intangible asset impairment
Belleville facility and related assets
Environmental remediation provisions
Operating expenses and liabilities
Fair value accounting for convertible promissory notes
Other income/expense and net loss
Revenue recognition for tipping fees and carbon credits
Quarterly comparability and revenue volatility
: 29.4.2026