SusGlobal Energy is a small Canadian organic waste processing company. Its core asset is the Belleville Facility, a 49-acre composting site in Belleville, Ontario, licensed to accept up to 70,000 MT of organic waste per year from Ontario, Quebec, and New York state. SusGlobal accepts source-separated organics — green bin waste, food scraps, biosolids, and yard waste — primarily from municipalities and waste haulers, charging tipping fees of roughly C$69 to C$159 per MT to receive and process the material. The business model is two-sided: SusGlobal gets paid on the input side via tipping fees, and generates additional revenue on the output side by selling composted material as dry compost and, eventually, organic liquid fertilizer under the SusGro brand. SusGlobal also sells carbon credits generated by diverting organic waste from landfills. SusGlobal also owns a second facility in Hamilton, Ontario, originally designed to produce liquid fertilizer, which is currently listed for sale. The company is effectively in a distressed, pre-revenue state — the Belleville Facility was shut down in January 2024 following government compliance orders related to environmental violations, and resuming operations depends entirely on securing financing for rehabilitation. SusGlobal's most defensible assets are its Environmental Compliance Approvals, which are difficult and time-consuming to obtain and represent pre-approved operating licenses that would take years for a new entrant to replicate.