Ontario headquartered waste and resources firm, Anaergia, has raised $117 million for its planned Rialto Bioenergy Facility in Carlsbad, California.
A total of $117 million of tax exempt bonds were issued by the California Pollution Control Financing Authority for the facility, a substantial portion of the $160 million of total capital for the construction and commissioning of this facility.
The plant is expected to begin operations in the third quarter of 2020. According to Anaergia, once fully operational, the plant will be the largest food waste digester facility in North America, converting 700 tonnes per day of food waste and 300 tonnes per day of biosolids into renewable natural gas, renewable electricity, and Class A organic fertiliser.
