07:25 AM EDT, 04/02/2025 (MT Newswires) -- Anaergia ( ANRGF ) , which fell 9% on Tuesday, said it will help build five biomethane production plants in Italy for Techbau, an Italian company specializing in large-scale engineering and construction projects.

Anaergia ( ANRGF ) will supply equipment for the biomethane production process while Techbau will serve as the general contractor, responsible for the engineering, procurement, and construction of the facilities that will be located in southern Italy. The company said all five plants are expected to be fully constructed and able to provide renewable biomethane to Italy's gas pipeline grid by the middle of next year.

The company expects to generate more than $27 million in revenue from the project.

Shares of the company closed down $0.09 to $0.91 on Tuesday on the Toronto Stock Exchange.