Anaergia Sells Tønder Denmark Biomethane Plant to Copenhagen Infrastructure Partners
22 Février 2023 - 1:00PM
Business Wire
Anaergia Inc. (“Anaergia” or the “Company”) (TSX:ANRG) today
announced it has sold its Envo Biogas plant in Tønder, Denmark to
Copenhagen Infrastructure Partners’ (CIP) Advanced Bioenergy Fund
I, which is developing biogas projects in Europe and North America.
While the financial terms of the transaction were not disclosed,
Anaergia expects to recognize a positive impact on the completion
of the transaction. Anaergia plans to deploy capital from the sale
towards facilitating additional growth, mainly in Italy and
Germany.
Anaergia acquired and began construction on the Tønder project
in late 2021 and injected the facility’s first biomethane into
Danish pipelines in November 2022, which allowed the facility to
qualify for a 20-year Danish Energy Agency biogas subsidy
program.
When fully operational, the Tønder facility is expected to
become one of Europe’s largest biogas plants, processing up to
900,000 tons of organic waste to produce up to 1.4 million MMBtu
(40 million Nm3) of renewable natural gas annually. In addition,
the Tønder plant will produce biogenic carbon dioxide that will be
used by European Energy to produce green e-methanol to fuel
container ships.
“Having advanced the Envo Biogas Tønder project and adding
substantial value, the timing is now right for Anaergia to divest
of this facility and use the proceeds to advance other new and
existing projects in Europe,” said Andrew Benedek, Chairman and CEO
of Anaergia. “We look forward to helping Copenhagen Infrastructure
Partners complete construction on this project and collaborating
with them in the future.”
“We are very pleased to have made our first investment into a
large-scale and modern biogas project in Denmark, creating not just
green energy, but also jobs and investments in the local
community,” said Thomas Dalsgaard, partner with CIP. “We look
forward to working with local stakeholders and farmers and to
continue the construction of the plant that once in full operations
will make a significant contribution to the green transition in the
municipality of Tønder and in Denmark.”
About Anaergia Anaergia was created to eliminate a major
source of greenhouse gases by cost effectively turning organic
waste into renewable natural gas (RNG), fertilizer and water, using
proprietary technologies. With a proven track record from
delivering world-leading projects on four continents, Anaergia is
uniquely positioned to provide end-to-end solutions for extracting
organics from waste, implementing high efficiency anaerobic
digestion, upgrading biogas, producing fertilizer and cleaning
water. Our customers are in the municipal solid waste, municipal
wastewater, agriculture, and food processing industries. In each of
these markets Anaergia has built many successful plants including
some of the largest in the world. Anaergia owns and operates some
of the plants it builds, and it also operates plants that are owned
by its customers.
Forward-Looking Information This news release contains
forward-looking information within the meaning of applicable
securities legislation, which reflects the Company’s current
expectations regarding future events, including statements relating
to the ability of our technologies and projects to address about
two-thirds of all point source methane emissions and our business
plans, growth strategies and ESG initiatives. Forward-looking
information is based on a number of assumptions and is subject to a
number of 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 dated March 28, 2022, for the
fiscal year ended December 31, 2021. Actual results could differ
materially from those projected herein. Anaergia does not undertake
any obligation to update such forward-looking information, whether
as a result of new information, future events or otherwise, except
as expressly required under applicable securities laws.
For further information please see: www.anaergia.com
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version on businesswire.com: https://www.businesswire.com/news/home/20230222005583/en/
For media relations: Melissa Bailey, Director, Marketing &
Corporate Communications, Melissa.Bailey@Anaergia.com For investor
relations: IR@Anaergia.com
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