Sevana Bioenergy Acquires Rialto Bioenergy Facility
June 10, 2024
Sevana Bioenergy has acquired the Rialto Bioenergy Facility in Rialto, California (the largest organic waste-to-energy facility in North America), strengthening Sevana's West Coast RNG footprint and enabling the facility's ramp-up to produce carbon-negative renewable natural gas. The facility had previously been associated with Anaergia/Rialto Bioenergy Solutions and was sold amid restructuring; reports indicate the sale was completed for approximately $20 million.
- Buyers
- Sevana Bioenergy
- Targets
- Rialto Bioenergy Facility
- Sellers
- Anaergia, Rialto Bioenergy Solutions
- Industry
- Renewable Energy
- Location
- California, United States
- Transaction Type
- Buyout
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