Anaergia to supply technology for Spanish biomethane facility

TREVIGLIO, Italy & BURLINGTON, Ontario - Anaergia Inc. (TSX:ANRG) (OTCQX:ANRGF) announced Monday it has signed an agreement with PreZero International to provide technology for a materials recycling facility near Bilbao, Spain.

The contract, valued at C$7.6 million, involves supplying proprietary technologies including CleanREX and GritREX systems to process source-separated organic waste at the Bizkaia facility. Upon completion of the upgrade, the plant will have capacity to process up to 50,000 tons of organic waste annually, converting it into biomethane through anaerobic digestion. This contract comes as InvestingPro data shows Anaergia facing operational challenges, with revenue declining 17% in the last twelve months.

"Anaergia has provided its systems at many source-separated organics plants in the past," said Assaf Onn, CEO of Anaergia. "However, supplying the first such plant in Spain is a significant milestone."

Fernando Fernández, Head of Project Execution at PreZero International, noted the solutions will help make the Bizkaia facility "one of the most efficient and sustainable plants in Spain to convert source-separated organics into biomethane."

PreZero International, part of The Schwarz Group which also owns retail chains Kaufland and Lidl, serves as the general contractor for the facility upgrade.

Anaergia, which holds over 250 patents related to organic waste conversion technologies, specializes in developing systems that process waste into renewable natural gas, fertilizer, and water. The company operates facilities both independently and for third parties. For comprehensive analysis of Anaergia’s financial health and growth prospects, investors can access detailed Pro Research Reports and additional insights through InvestingPro, which currently identifies 11 key investment factors for the company.

The announcement was made through a press release statement from the company.

In other recent news, Anaergia Inc. reported its financial results for the first quarter of 2025, showing a slight revenue decline of 0.4% to $24.9 million compared to the same period in 2024. Despite this decrease, the company improved its net loss by 48.6% year-over-year and adjusted EBITDA by 34.5%. Anaergia also reported a record backlog of $200 million, a 94% increase, reflecting strong execution of new contracts, particularly in Italy and North America. The company has been expanding its global footprint with significant agreements and is focusing on renewable natural gas projects. Additionally, Anaergia secured a new $13.9 million line of credit with the Royal Bank of Canada, guaranteed by Export Development Canada, to support its growth. The company continues to focus on disciplined execution and strategic growth, leveraging opportunities in Europe and beyond. Anaergia’s future outlook remains optimistic, supported by strong market demand and a growing project backlog.

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