Anaergia Inks C$36M Waste-to-Energy Deal in Hungary, First Major Project There in a Decade
ANRGF sits 92% above its 52-week low of $0.909.
Summary
Anaergia signed a C$36 million technology and engineering services agreement with TisVet, one of Hungary's largest poultry producers, to build an anaerobic digestion facility. The plant will treat 122,000 tonnes of agricultural waste annually and generate 5 MW of electricity, with full operations expected by H2 2028. This is Anaergia's first major project in Hungary in over a decade and one of the first under the country's new government support scheme for anaerobic digestion. The deal adds a meaningful revenue stream and expands Anaergia's European footprint, building on the strong Q2 results reported in August. Execution depends on conditions precedent and project funding, but the agreement signals growing demand for its technology in agricultural waste-to-energy.
At the time of this announcement, ANRGF was trading at $1.75 on OTC in the Industrial Applications And Services sector, with a market capitalization of approximately $302.4M. The 52-week trading range was $0.91 to $4.28. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: BusinessWire.