Anaergia annouce successful bond financing for Rialto Bioenergy Facility
Canada-headed organic waste treatment plant operators and technology providers Anaergia Inc., has announced the successful bond financing for the Rialto Bioenergy Facility (RBF), North America’s largest organic waste-to-energy (WtE) facility, currently under construction in California, United States (US). A total of U$117 million of tax-exempt bonds were issued by the California Pollution Control Financing Authority for the RBF, a substantial portion of the US$160 million total for the project.
A groundbreaking ceremony marking construction start for the Rialto Bioenergy Facility (RBF), which is being built outside the City of Rialto was held in December 2018. Scheduled to begin operations in the third quarter of 2020, the RBF will be the largest food waste digester facility in all of North America. Once fully operational it will convert 700 tons per day of food waste and 300 tons per day of biosolids into renewable natural gas (RNG), renewable electricity, and Class A organic fertilizer.
Anaergia is building the RBF in collaboration with Waste Management, Republic Services, Southern California Edison, Anaheim Public Utility, Southwest Gas Utility, City of Rialto, the Sanitation Bureau of the City of Los Angeles, and the Sanitation Districts of Los Angeles County and of Orange County. Sources of the funding for the RBF include the California Energy Commission, the U.S. Department of Energy, CalRecycle, the State of California and significant private investment.
The successful bond financing for the RBF is a major signal of the strength of our partnerships. It also reflects the need for more organics recycling infrastructure in California, as well as our ability to deliver robust and replicable organics recycling solutions here, and elsewhere, through public-private-partnerships, said Andrew Benedek, CEO of Anaergia.