Anaergia unit Rialto reports $4.16 million net loss for March

By Sarah Lizee

Olympia, Wash., April 22 – Anaergia Inc. subsidiary Rialto Bioenergy Facility, LLC reported a $4.16 million net loss for March on $18,391 gross income/sales, according to its monthly operating report filed Sunday with the U.S. Bankruptcy Court for the Southern District of California.

The cash balance at the end of the month was $14.08 million.

Anaergia is a Burlington, Ont.-based company that was created to turn organic waste into renewable natural gas, fertilizer and water, using proprietary technologies. Subsidiary Rialto Bioenergy is based in Carlsbad, Calif., and filed Chapter 11 bankruptcy on May 25, 2023 under case number 23-01467.

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