Anaergia Inc. has announced that the second tranche of the previously announced equity investment from Marny Investissement SA has closed, in escrow. This follows Marny’s initiation of a C$13.6 million wire payment and confirmation from the bank. The second tranche consists of 34,000,000 units of the Company. These units will be released from escrow once Anaergia receives the expected gross proceeds. Each unit includes one subordinate voting share of the Company and 1/5 of one subordinate voting share purchase warrant. The warrant allows the holder to purchase an additional subordinate voting share at an exercise price of C$0.80 for three years after the closing of the first tranche.
As part of the closing, Assaf Onn, a nominee of Marny, will join the Company’s board of directors, filling the vacancy created by the resignation of Douglas Fridrik Parkhill. The third tranche of the Strategic Investment is expected to close by April 5, 2024, subject to certain conditions.
Marny is a Luxembourg-based holding company that focuses on investment properties in central and eastern Europe. It invests in high-quality projects that utilize advanced technology and materials. Anaergia, on the other hand, specializes in turning organic waste into renewable natural gas, fertilizer, and water through proprietary technologies. The company offers a range of solutions for resource recovery challenges, including solid waste processing, wastewater treatment, and anaerobic digestion. Anaergia aims to reduce greenhouse gas emissions and lower waste and wastewater treatment costs.
For further information, visit the company’s website at www.anaergia.com.
Anaergia Inc. operates in the environmental sustainability industry, specifically in resource recovery and waste management. The company specializes in turning organic waste into renewable natural gas, fertilizer, and water through its proprietary technologies. These technologies enable Anaergia to provide innovative solutions for various resource recovery challenges, including solid waste processing, wastewater treatment, and anaerobic digestion.
The market for renewable energy and waste management solutions is growing rapidly, driven by increasing environmental concerns and regulations. According to market forecasts, the global waste management market size is expected to reach $530.0 billion by 2025, with a CAGR of 6.8% from 2020 to 2025. This growth is attributed to the rising adoption of sustainable waste management practices and the need to reduce greenhouse gas emissions.
Anaergia’s focus on converting organic waste into renewable natural gas aligns with the global trend towards sustainable energy sources. The market for renewable natural gas is also projected to experience significant growth, with a CAGR of 9.7% from 2020 to 2027. This is driven by the increasing demand for clean energy alternatives and the need to reduce reliance on fossil fuels.
The company’s technologies and solutions address key issues related to waste management and resource recovery. By utilizing anaerobic digestion, Anaergia helps reduce the amount of solid waste going to landfills while simultaneously producing renewable energy and valuable by-products like fertilizer. This approach not only contributes to reducing greenhouse gas emissions but also helps lower waste and wastewater treatment costs for municipalities and industrial clients.
As part of its growth strategy, Anaergia has secured equity investments from Marny Investissement SA, a Luxembourg-based holding company. Marny’s investment in Anaergia demonstrates the confidence in the company’s technologies and its potential to transform the waste management industry. The multiple tranches of investment highlight the long-term commitment of both parties to drive innovation and sustainability in the sector.
For more information about Anaergia and its solutions, visit their website at www.anaergia.com.