- Anaergia’s (TSX:ANRG) Canadian subsidiary, Anaergia DB, will supply waste-to-energy technology to PepsiCo’s (NASDAQ:PEP) Colombian business
- The contract covers organic residue digestion, as well as biogas conditioning and upgrading
- Anaergia offers proprietary technologies that reduce greenhouse gas emissions by transforming organic waste into renewable natural gas, fertilizer and water
- Anaergia stock has added 245.83 per cent year-over-year but has given back over 90 per cent since inception in 2021
Anaergia’s (TSX:ANRG) Canadian subsidiary, Anaergia DB, will supply waste-to-energy technology to PepsiCo’s (NASDAQ:PEP) Colombian business.
The contract covers the installation of high-efficiency digestion technology, as well as integrated biogas conditioning and upgrading technology, at PepsiCo’s food production facility in Funza, Bogota.
The biogas system will convert about 50,000 tons of organic residues per year into renewable natural gas, reducing greenhouse gas emissions by up to 3,700 tons.
PepsiCo Colombia, established in 1947, is PepsiCo’s third-largest business in Latin America after Brazil and Mexico, employing over 3,800 people across two production plants and seven distribution centres. The business offers a food and beverage portfolio of more than 20 brands.
The news follows Anaergia’s deals with PepsiCo South Africa in 2023 and PepsiCo Portugal in 2022.
Leadership insights
“By utilizing Anaergia’s solutions at our Funza facility, PepsiCo will be generating renewable natural gas from our residue streams and reducing our carbon footprint,” Jim Andrews, chief sustainability officer at PepsiCo, said in a statement. “This project is another transformative initiative by PepsiCo as we progress towards our carbon reduction commitment.”
“South America is now the third continent where Anaergia is providing systems to PepsiCo facilities,” added Assaf Onn, Anaergia’s chief executive officer. “By providing our proven solutions to create renewable fuel and energy from organic waste, we are helping our customers achieve their environmental and economic objectives globally.”
About Anaergia
Anaergia offers proprietary technologies that reduce greenhouse gas emissions by transforming organic waste into renewable natural gas, fertilizer and water.
Anaergia stock (TSX:ANRG) opened unchanged trading at C$0.83 per share. The stock has added 245.83 per cent year-over-year but has given back over 90 per cent since inception in 2021.
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(Top photo of PepsiCo Colombia’s food production plant in Bogota: PepsiCo Colombia)
