Industrial, Sourcing Renewables - October 6, 2022
BP to Purchase RNG
bp announced a 10-year renewable natural gas (RNG) offtake agreement) worth approximately $175 million with Divert, Inc., an impact technology company.
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 year.
The agreement marks one of the largest known RNG offtake agreements from food waste digestion in the U.S. bp set a goal to a net zero company by 2050 or sooner. Divert is an anaerobic digester of wasted food in the U.S. and processes more than 232,000 tons of wasted food a year at 10 facilities across the country
“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 in a statement. “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.”