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AleAnna invests $40 million in three biomethane plants in Italy

AleAnna announces a $40 million investment in three biomethane plants in Tuscany and Piedmont, supported by $11 million in public incentives.

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AleAnna, a company specializing in renewable energy, has finalized the acquisition and development of three biomethane plants in Italy. These projects, located in Tuscany and Piedmont, mark a significant step for the biomass energy sector, supported by Italian government incentives.

Strategic investments in biomethanization

The company has acquired three plants: the Campagnatico project, a site under construction in Tuscany, as well as two existing facilities, Campopiano and Casalino. The latter two plants, currently producing renewable electricity, will be converted to produce biomethane by 2025.

The Campagnatico project, 100% owned by AleAnna, will produce 500 standard cubic meters (Scm) of biomethane per hour. With total costs estimated at $15.33 million, it will benefit from $5.35 million in public incentives, covering approximately 35% of expenses.

Conversion of existing facilities

The Campopiano and Casalino sites, located in Tuscany and Piedmont, respectively, will be upgraded to include biomethane enrichment units. Campopiano, 90% owned by AleAnna, is expected to produce 500 Scm per hour after the transformation. Conversion costs are estimated at $14.5 million, with $3.05 million in public support.

The Casalino site, 100% owned, will produce 250 Scm per hour after retrofitting, with a total cost of $10.8 million, $2.83 million of which will be financed through public incentives.

A favorable political framework

These projects are part of a broader trend of increased governmental support for renewable energy development in Italy. The incentives aim to accelerate the energy transition by promoting the conversion of existing infrastructure and the construction of new biomethane facilities.

Economic and sectoral impact

Currently, the Campopiano and Casalino sites generate combined revenues of $270,000 per month through renewable electricity production. With the planned transformations, these facilities will contribute to diversifying renewable gas supplies while offering opportunities for local economic development.

AleAnna’s projects, supported by a total of $11.23 million in public incentives, illustrate the growing commitment of private sector stakeholders and authorities to the energy transition in Italy.

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