Anaergia Announces Commencement of Restructuring Proceedings by Rialto Bioenergy Facility, LLC

May 25, 2023

Anaergia Inc. (“Anaergia” or the “Company”) (TSX: ANRG) announced today that one of its subsidiaries, Rialto Bioenergy Facility, LLC (“RBF”), initiated voluntary Chapter 11 restructuring proceedings in the U.S. Bankruptcy Court for the Southern District of California. RBF is 51% owned by Anaergia’s wholly owned subsidiary, Anaergia Services, LLC. RBF anticipates that, during the restructuring proceeding, it will continue to operate its state-of-the-art, multi-feedstock bioenergy facility in Rialto, California, which is capable of converting organic waste, such as food and yard waste and biosolids, into carbon-negative renewable natural gas, with the capability to generate renewable electricity and soil amendment/fertilizer.

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