September 2020 – Company Incorporation
Algae & Algae Società Agricola r.l. was established in Italy as an agricultural company, enabling access to national tax reliefs and incentives.

November 2020 – Institutional Support
The Office of the Mayor of Puglia issued a formal Letter of Support for the project.

April 2021 – Land Acquisition
32 hectares of land were acquired in Mesagne, near Brindisi (Puglia, South Italy). The SNAM gas pipeline traverses the property, ensuring a direct connection to the national gas grid.

June 2021 – Green Project Classification
A kickoff meeting was held with regional environmental authorities, who confirmed that no Environmental Impact Assessment (EIA) was required, as the project complies with all regulations. A detailed Autorizzazione Unica application was submitted for Phase 1 of the project, covering 2,000 Sm³/h of biomethane generation capacity.

September 2021 – Capitalization
The company was capitalized to the extent of €5 million.

July 2022 – Sustainability Report
Monviso (Agroenergia Consortium) carried out a carbon intensity analysis of the project, confirming a 98% reduction in CO₂ emissions compared to fossil methane. This report was formally recognized by the Italian State.

August 2024 – Autorizzazione Unica
The Autorizzazione Unica (construction and operation permit) was granted by the Italian authorities for Phase 1 of the project. The approval process lasted 2.5 years and involved review by 38 governmental departments, granting authorization for full-scale construction.

August 2024 – O&M Agreement
Terms and conditions for Operations and Maintenance were agreed with an experienced engineering company responsible for operating and maintaining the plant.

October 2024 – Feed-in Tariff Award
The company was awarded a 15-year state-backed Feed-in Tariff (FiT) under the Italian Renewable Gas Plan (EU-co-financed), covering a total reference value of €247 million for Phase 1.

January – September 2025 – Substrate Supply Contracts
Multiple contracts were signed to secure agricultural substrates (residues and manures) covering the full feedstock needs of Phase 1. These contracts provide five years of supply, supported by framework agreements with Italy’s two largest farmer cooperatives — each representing more than 5,000 members in Puglia — ensuring long-term security at 125% of required volumes.

July 2025 – Independent Technical Report
A 108-page Independent Technical Report (ITR) issued by BIT S.p.A. confirmed the project’s full technical and commercial viability.

October 2025 – Offtake Agreement
An offtake contract was signed with a multinational, covering 100% of the biomethane output for the first 15 years of operation, with an estimated total value exceeding €500 million. The agreement entitles the project to an additional premium of €27 million.