08:27 AM EDT, 10/31/2025 (MT Newswires) -- Anaergia ( ANRGF ) said Friday that it entered a joint venture with construction companies Tozzi Sud and Isolmec Group to build a new anaerobic digestion facility for BioHold in Italy.

The Ora biogas project will process agricultural residues to produce renewable gas. Once operational, it is projected to generate over 47,000 megawatt-hours annually of biomethane, which will be injected into Italy's gas distribution network.

Anaergia ( ANRGF ) said the facility is expected to begin operations by June 2026. The joint venture's total contract is about C$22 million, it added.

"Anaergia ( ANRGF ) has an established presence in Italy, and this joint venture demonstrates how we work together with leading local partners to advance projects with expedited timelines," Anaergia ( ANRGF ) chief executive officer Assaf Onn said. "By leveraging our recognized expertise and proven solutions, this project will deliver meaningful economic and environmental benefits from agricultural residues."

Anaergia's ( ANRGF ) share price closed 2.8% lower on Thursday to $2.44 on the Toronto Stock Exchange.