Anaergia targets Can$200m IPO to support BOO ambitions

摘要

Buoyed by the completion of its flagship bioenergy facility in California, Canadian waste recycling and recovery firm Anaergia filed for an IPO on the Toronto Stock Exchange this month as it seeks to raise Can$200 million (US$165 million) of new capital that will be invested in lucrative build-own-operate opportunities. Established in 2007 by Zenon founder Andrew Benedek, the Anaergia business has historically revolved around capital sales of its solutions, which recover biogas and fertiliser from wastewater and organic waste. Its equipment, which includes Omnivore anaerobic digesters and Fibra-cast membranes, has been sold into over 230 facilities worldwide since 2010. More recently, the company has also been targeting highly profitable BOO opportunities for waste conversion facilities, particularly in Italy and California, where regulations prohibit the disposal of organic waste in landfill. Anaergia current- ly has four BOO references in California, and expects the market to require approximately 160 more to meet state regulatory requirements (see GWI September 2020, p24).