Anaergia unit Rialto gets further access to cash collateral

By Sarah Lizee

Olympia, Wash., Sept. 5 – Anaergia Inc. subsidiary Rialto Bioenergy Facility, LLC received interim access to cash collateral, according to an order filed Monday with the U.S. Bankruptcy Court for the Southern District of California.

Judge Christopher B. Latham said the company needs access to the cash collateral in order to continue the operation and maintenance of its business for working capital and operational needs.

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 under case number 23-01467.

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