Anaergia Singapore has been awarded a contract to design and build the Jeju Bio Energy Biogas Plant on Jeju Island, South Korea.
The contract has been provided by New Jeju Bio, a developer of organic waste-to-energy and recycling projects.
The main agreement is valued at approximately C$30m ($21.9m), with an additional supplemental agreement worth around C$10m.
The project, expected to be completed in the latter half (H2) of 2027, is contingent upon the client arranging financial closure.
This contract marks an expansion of Anaergia’s involvement, following a letter of award for the facility announced in September 2024. The increase in projected revenues is attributed to an expanded project scope.
Anaergia CEO Assaf Onn said: “Finalising the contract with New Jeju Bio marks an even more significant achievement than we had previously envisioned.
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By GlobalData“Not only is this a very significant project in a key new market, but it also clearly demonstrates how our industry-leading, integrated suite of technologies provides a proven, comprehensive solution for project developers seeking reliable, innovative organic waste-to-energy systems.”
The facility will process roughly 54,000 tons (t) of organic waste annually, converting it into approximately 2MW of renewable energy.
The biogas produced will power a combined heat and power system, which will supply electricity and heat for various operations, including digestion and pasteurisation.
In addition to energy production, the plant will treat and recycle wastewater on-site, complying with stringent discharge regulations. This initiative is expected to significantly reduce greenhouse gas emissions and promote waste recycling throughout Jeju Island.
New Jeju Bio CEO Sae Hyun Cho said: “New Jeju Bio chose Anaergia for this project due to its proven ability to deliver integrated, complex solutions.
“Throughout the design process, we expanded our use of Anaergia’s technologies to address the diverse organic waste streams generated on Jeju Island and optimally transform them into valuable resources.”
This April, Anaergia, through its subsidiary, entered into a contract with Techbau for the construction of five new biomethane production plants in Italy.
