- Anaergia (TSX:ANRG) is partnering with Techbau, a top Italian engineering and construction company, to build five biomethane production plants across southern Italy
- The plants are expected to be operational by the end of 2025 with Anaegia set to earn C$25 million in revenue
- Anaergia is a renewable energy stock with over 250 patents dedicated to converting organic waste into sustainable solutions such as fertilizer, water and renewable natural gas
- While Anaergia stock has added 360 per cent year-over-year, it has given back 91.7 per cent since inception in 2021
Anaergia (TSX:ANRG) is partnering with Techbau, a top Italian engineering and construction company, to build five biomethane production plants across southern Italy in 2025.
Anaergia subsidiary, Anaergia S.r.l., will provide anaerobic digestion technology for biomethane production using agricultural and food processing waste. Techbau, for its part, will serve as general contractor in charge of engineering, procurement and construction.
Total investment combined across all five plants approaches €100 million (C$147.5 million), earning Anaergia approximately C$25 million in revenue.
The plants will be able to provide renewable biomethane to Italy’s gas pipeline grid by the end of the year.
Leadership insights
“Sustainability has always been a central focus of Techbau and we have consistently taken innovative approaches to shape a more sustainable future,” Andrea Marchiori, chief executive officer (CEO) at Techbau, said in a statement. “Therefore, we are pleased to partner with Anaergia to build these five facilities that will each positively impact Italy’s future, from both an environmental perspective and also an energy supply perspective.”
“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,” added Assaf Onn, Anaergia’s CEO. “Our agreement with Techbau marks a significant milestone in advancing Italy’s renewable energy sector, supporting both economic development and also environmental sustainability.”
About Anaergia
Anaergia is a renewable energy stock with over 250 patents dedicated to converting organic waste into sustainable solutions such as fertilizer, water and renewable natural gas.
Anaergia stock (TSX:ANRG) last traded at C$1.15 per share. While the stock has added 360 per cent year-over-year, it has given back 91.7 per cent since inception in 2021.
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(Top photo of a separate agricultural plant in Malpaga, Italy, that converts biogas into electricity using Anaergia technology: Anaergia)
