Wedoany.com Report-Dec 26, AleAnna Inc. on Dec. 18 announced the completion of a series of initiatives through which the Company has expanded or proven out aspects of its renewable natural gas business. These include the purchase of majority working interests in three Italian biogas plants, first corporate revenue generation from its plant operations, and demonstration of the company’s ability to secure Italian government capital incentives for the construction of biogas plants and their conversion to biomethane plants.
The Campagnatico project, located in the Tuscany region, is a newbuild biomethane plant operated by AleAnna subsidiary, AleAnna Renewables (AleAnna working interest 100%). The plant is designed to produce 500 standard cubic meters (Scm) per hour from agricultural waste feedstock. Construction is underway and is anticipated to be completed in Q1 2026. Total acquisition and construction costs are estimated at $15,330,000, and the Italian Government has awarded construction capital incentives totaling $5,350,000, which will serve to significantly improve the profitability of the plant once operational.
The Campopiano plant, also located in Tuscany, is an existing biogas plant producing renewable electricity from agricultural wastes. AleAnna Renewables is the new operator (AleAnna working interest 90%). The plant will be retrofitted with a biomethane upgrader during 2025 after which it will be designed to produce 500 Scm per hour of biomethane. Total acquisition and construction costs are estimated at $14,500,000, and the Company anticipates that the retrofitted plant will qualify for Italian Government construction capital incentives totaling $3,050,000.
The Casalino plant, located in the Piedmont region, is also an existing biogas plant producing renewable electricity from agricultural wastes. AleAnna Renewables is the new operator (AleAnna working interest 100%). The plant will be retrofitted with a biomethane upgrader during 2025 after which it will be designed to produce 250 Scm per hour of biomethane. Total acquisition and construction costs are estimated at $10,800,000, and the Company anticipates that the retrofitted plant will qualify for Italian Government construction capital incentives totaling $2,830,000.
The Campopiano plant currently generates about $150,000 per month of sales revenue, and the Casalino plant currently generates about $120,000 per month of sales revenue, for combined initial corporate revenues for AleAnna of approximately $270,000 per month.
