All subjects
Biogas

First State Investments acquires stake in Rialto Bioenergy Facility

In the United States (US), First State Investments (FSI), an Australia-headed global investor in infrastructure, and Anaergia Services LLC (Anaergia), a subsidiary of Canada-headed organic waste treatment plant operators and technology providers Anaergin Inc., have announced that FSI has acquired a 49 percent stake in Anaergia's Rialto Bioenergy Facility (RBF) in California (CA). Terms of the deal were not disclosed.

An error occurred

You are logged in as subsbriber at Bioenergy International, but something is wrong.

On your profile you can see what subscriptions you have access to and more information.

Is some of the information wrong – please contact our customer service.

Please reload the page

We could not ascertain if you are logged in or not. Please reload this page.
Bioenergy International premium

Do you want to read the whole article?

Only logged in payed subscribers can read all contents on bioenergyinternational.com
As an subscriber you get:
  • Six editions per year
  • Full access to all digital content
  • The E-magazine Bioenergy international
  • And more ...
US dollars
In the United States (US), First State Investments (FSI), an Australia-headed global investor in infrastructure, and Anaergia Services LLC (Anaergia), a subsidiary of Canada-headed organic waste treatment plant operators and technology providers Anaergin Inc., have announced that FSI has acquired a 49 percent stake in Anaergia’s Rialto Bioenergy Facility (RBF) in California (CA). Terms of the deal were not disclosed.

Anaergia’s Rialto Bioenergy Facility (RBF) is a resource recovery facility currently under construction in Rialto, California (CA) that will provide organic waste recycling and renewable energy generation service to local government authorities and solid waste haulers, who are under a regulatory requirement to divert organic waste from landfills in order to reduce greenhouse gas (GHG) emissions.

In addition to receiving and processing landfill diverted organic waste, the RBF will provide an outlet for reuse of biosolids from wastewater treatment plants. The facility will convert biosolids into a fertilizer product and organic waste into renewable natural gas for use as environmentally friendly and carbon negative transportation fuel.

Waste-to-energy and resource recovery infrastructure provide critical services to municipalities and businesses in California, which has set ambitious goals to reduce greenhouse gas emissions by 2030. We’re delighted to partner with the highly respected and experienced Anaergia organization on this initial project. Anaergia has a proven global track record in large scale anaerobic digester plants, and we look forward to working together, said John Ma, Head of First State Investments’ direct infrastructure team in North America.

Second US direct infrastructure investment

The RBF acquisition is the second direct infrastructure investment in the US by First State Investments, which manages more than US$8 billion of direct infrastructure investments across North America, the United Kingdom, continental Europe, Australia, and New Zealand, with a focus on mid-market companies in the transportation, utility and renewables sectors worldwide.

We’re pleased to join forces with First State Investments, a significant global infrastructure investor, as we complete construction on this key facility, which will be not only the largest organic waste-to-energy anaerobic digester project in North America but also a model of efficiently converting additional organic waste such as biosolids into valuable products, said Andrew Benedek, CEO at Anaergia Inc.

John Ma and John DiMarco, director of First State Investments’ direct infrastructure team in New York, and their colleagues led the discussions with Anaergia.

First State Investments has been focused on the waste-to-energy sector for some time as an attractive sector for infrastructure investing. The RBF acquisition is a foundational asset and we expect to have a long and successful relationship with Anaergia to help address environmental issues, commented Danny Latham, partner in FSI’s Sydney-based direct infrastructure investments team.

FSI and Anaergia are looking to jointly develop similar projects across the United States.

Most read on Bioenergy International

Get the latest news about Bioenergy

Subscribe for free to our newsletter
Sending request
I accept that Bioenergy International stores and handles my information.
Read more about our integritypolicy here