Anaergia shifting to ‘capital-light' strategy amid feedstock challenges for anaerobic digesters
Organic waste company Anaergia said it will find equity partners for all new built, owned and operated projects to defray costs. The change in stra...
Organic waste company Anaergia said it will find equity partners for all new built, owned and operated projects to defray costs. The change in strategy comes after the company posted a steep drop in gross profit compared to the first quarter of last year and a slight uptick in revenue driven mainly by the one-time sale of an asset in Denmark. Anaergia's Rialto Bioenergy Facility in California and several projects in Italy face challenges ramping up to full capacity. In Rialto, the delayed implementation of California's SB 1383 law has caused 'frustration' for both Anaergia and state-level partners who are eager to address the state's organics diversion mandate in earnest, Chief Operating Officer Yaniv Scherson said on an earnings call Friday.