The Singapore-based subsidiary of Canadian green energy company Anaergia has signed a conditional contract to design and build a biogas facility on Jeju Island, South Korea.
The agreement, announced today (9 June), is valued at around CAD$40m and includes a CAD$30m main contract along with an additional CAD $10m supplementary agreement. The facility will be delivered for New Jeju Bio, which is currently arranging project financing and expects to reach financial close before the end of the year.
Once operational, the Jeju Bio Energy Biogas Plant will process approximately 54,000 tonnes of organic waste per year, including slaughterhouse waste and wastewater sludge, and convert it into renewable electricity using a combined heat and power system.
The energy produced on site will also support plant processes such as pasteurisation, evaporation, digestate drying, and wastewater treatment.
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