Subjects: Contract/Agreement, Product/Service
Divert, Inc. Announces Renewable Natural Gas Offtake Agreement with bp
Divert, Inc., an impact technology company on a mission to Protect the Value of Foodtm, today announced a 10-year renewable natural gas (RNG) offtake agreement with bp (NYSE: BP) worth approximately $175 million. Under the new agreement, bp expects to purchase RNG generated from three Divert facilities in development in California, Pennsylvania, and Washington, which would offset 36,905 metric tons of carbon dioxide per year1. The agreement marks one of the largest known RNG offtake agreements from food waste digestion in the U.S. bp provides heat, light, and mobility to customers all over the world, with an ambition to be a net zero company by 2050 or sooner.
"The climate crisis is accelerating and the need to find alternate solutions and independent energy resources to decarbonize has never been more critical," said Ryan Begin, CEO and co-founder, Divert. "Divert is building a revolutionary platform for sustainable change, utilizing transformative technology solutions to improve food efficiencies across industries. This long-term agreement with bp ensures that Divert will continue to lead the wasted food revolution."
The bp agreement comes during a period of rapid growth for Divert as the market embraces new ways to address wasted food and decarbonized energy. Divert is uniquely positioned to address these changing tides as the largest anaerobic digester of wasted food in the U.S., and is already delivering on its mission to drive social and environmental impact through its advanced technologies and sustainable infrastructure. The company processes more than 232,000 tons of wasted food a year at 10 facilities across the country. In the past two years, Divert has expanded its retail customer base by 40% and added 1,500 retail storefronts to its portfolio of more than 5,200 retail stores across all 50 U.S. states.
For more information, please visit www.divertinc.com/.
About Divert
Founded in 2007, Divert, Inc. is an impact technology company on a mission to Protect the Value of Foodtm. Working with five Fortune 100 companies, Divert® creates advanced technology and sustainable infrastructure to prevent wasted food, driving social and environmental impact. For more information on Divert, Inc., please visit www.divertinc.com.
1 https://www.epa.gov/energy/greenhouse-gas-equivalencies-calculator#results
These press releases may also interest you
|
News published on and distributed by:
