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Anaergia Announces Strategic Investment Of C$40.8 Million To Be Secured By Bank Guarantees

Dec 18, 2023about 2 years ago
BurlingtonAgriculture and FarmingRenewable Energy

Investors

MarnyMarny Investissement Sa

Description

Anaergia Inc. (“Anaergia” or the “Company”) (TSX: ANRG), a global renewable fuels leader, is pleased to announce a C$40.8 million equity investment by Marny Investissement SA (“Marny”) by way of an arm’s-length, three-tranche, non-brokered private placement (the “Strategic Investment”).

Company Information

Company

Anaergia

Location

Burlington, Ontario, Canada

About

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.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers