Anaergia Inc., through its subsidiary Anaergia Singapore Pte. Ltd., has been awarded a significant contract by New Jeju Bio Co. Ltd. to design and construct the Jeju Bio Energy Biogas Plant on Jeju Island, South Korea. The total contract is valued at approximately C$40 million, comprising a main agreement worth C$30 million and a supplementary agreement of approximately C$10 million. Project completion is currently targeted for mid- to late-2027, subject to customary conditions including financial close arrangements by the client.
This award builds on the previously announced Letter of Award from September 2024, and reflects both an expanded project scope and increased contract value. The new contract signifies a deepened engagement between Anaergia and New Jeju Bio, underlining Anaergia’s growing footprint in the East Asian market.
Once completed, the facility will process approximately 54,000 tonnes of organic waste annually. This includes material from slaughterhouses and undigested sludge from local sewage treatment operations. The plant will generate approximately two megawatts of renewable energy, which will be used to power a combined heat and power (CHP) system. This system will support multiple operational needs such as digestion, pasteurisation, evaporation, and drying of digestate. The project also includes on-site treatment and recycling of wastewater to meet stringent environmental discharge standards. In doing so, the facility aims to significantly reduce greenhouse gas emissions and advance circular waste management on Jeju Island.
Commenting on the partnership, Sae Hyun Cho, CEO of New Jeju Bio, 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.”
Assaf Onn, CEO of Anaergia, added: “Finalising the contract with New Jeju Bio marks an even more significant achievement than we had previously envisioned. Not only is this a major project in a key new market, but it also highlights how our industry-leading, integrated suite of technologies offers a comprehensive solution for developers seeking innovative, dependable waste-to-energy systems.”
This contract underscores Anaergia’s continued growth and its commitment to delivering sustainable energy and waste management solutions globally.
For more information visit www.anaergia.com
