Anaergia enters into binding contract with Techbau to build five biomethane plants in Italy By Investing.com
anergy (TSX:) to provide protected anaerobic digestion
TREVIGLIO, Italy & BURLINGTON, Ontario–(BUSINESS WIRE)–Anaergia Inc. (Anaergia, the company, we or our) (TSX: ANRG), through its subsidiary, Anaergia Srl, has signed a binding agreement with Techbau SpA (Techbau), a leading Italian company specializing in large-scale engineering and construction projects, for the construction of five new production facilities of biomethane in Italy. Anaergia Srl will be the technology provider supplying state-of-the-art equipment for the biomethane production process, and Techbau will be the main contractor overseeing the engineering, procurement and construction of the facilities.
These five new plants will utilize Anaergia’s cutting-edge anaerobic digestion technologies to produce renewable biomethane from a variety of agricultural and food processing wastes, aligning with Italy’s commitment to sustainable energy and decarbonisation goals. The biomethane plants will be strategically located throughout southern Italy. All five plants are expected to be fully built and able to supply renewable biomethane to the Italian gas pipeline network by the end of 2025.
The total investment in these five projects is expected to be approximately EUR 100 million, from which Anaergia is expected to recognize revenues of approximately CAD 25 million.
Sustainability has always been a central focus at Techbau and we have consistently taken innovative approaches to shape a more sustainable future, said Andrea Marchiori, Chief Executive Officer of Techbau. Therefore, we are satisfied with the partnership with Anaergia in the construction of these five facilities, each of which will have a positive impact on the future of Italy, both from an ecological perspective and from the perspective of energy supply, added Mr. Marchiori.
With a strong presence in the Italian market, Anaergia is committed to delivering sustainable technologies that reduce greenhouse gas emissions and contribute to the circular economy, said Assaf Onn, CEO of Anaergia. Our agreement with Techbau marks a significant milestone in the advancement of the Italian renewable energy sector, supporting both economic development and environmental sustainability, added Mr. Onn.
About Techba
Techbau is an Italian leader in the design and implementation of complex infrastructure and industrial projects. Known for its innovative approach and technical expertise, the company operates in multiple sectors, including energy, transportation and manufacturing. Techbau’s robust capabilities and proven results make it a reliable partner for high-value projects in Italy and abroad.
About Anaergy
Anaergia is a pioneering technology company in the renewable energy sector (RNG), with over 250 patents dedicated to converting organic waste into sustainable solutions such as RNG, fertilizer and water. We are committed to addressing a significant source of greenhouse gases (GHG) through cost-effective processes. Our own technologies, combined with our engineering expertise and vast experience in designing, building and operating facilities, position Anaergia as a leader in the RNG industry. With a proven track record of delivering hundreds of innovative projects over the past decade, we are well equipped to tackle today’s critical resource recovery challenges through a variety of project delivery methods. As one of the few companies in the world that offers an integrated portfolio of end-to-end solutions, we effectively combine solid waste treatment, wastewater treatment, organic matter recovery, high-efficiency anaerobic digestion and biomethane production. In addition, we manage RNG facilities owned by third parties and Anaergia. This comprehensive approach not only reduces environmental impact, but also significantly reduces costs associated with waste and wastewater treatment, while reducing greenhouse gas emissions.
For further information visit: www.anaergia.com
Forward-looking statements
This release contains forward-looking information within the meaning of applicable securities legislation, which reflects Anaergia’s current expectations regarding future events, including, but not limited to, counterparty contractual performance, the Company’s technology capability and performance with respect to project objectives. Forward-looking information is based on a number of assumptions, including, but not limited to, the contractual performance of the counterparty, the full development and construction financing of the five facilities, the Company’s technology capability and performance against project objectives, and a sufficient source of food waste and electricity production. The Company is exposed to numerous risks and uncertainties, many of which are beyond the Company’s control. Such risks and uncertainties include, but are not limited to, the factors discussed under Risk Factors in the Company’s annual information form for the fiscal year ended December 31, 2023 and under Risks and Uncertainties in the Company’s most recent management discussion and analysis. Actual results may differ materially from those anticipated herein. Anaergia undertakes no obligation to update such forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities laws. Additional information about these and other factors that could affect Anaergia’s business or financial results is included in Anaergia’s reports on file with Canadian regulatory authorities.
See the original version on businesswire.com: https://www.businesswire.com/news/home/20250113608212/en/
For media and/or investor relations contact: IR@Anaergia.com
Source: Anaergia Inc.
