Bioenergy Devco

Overview
Food Waste?
Waste Recovery & Management Tech?
Current-gen renewables?
Product stageSegments
Growth
?
Recycling - Industrial Use
?

Bioenergy Devco (BDC) is a Maryland-based leading global developer of anaerobic digestion facilities primarily targeting cities with waste issues, companies with sustainability goals, and energy companies. In terms of food waste, the company also collects and recovers a variety of feedstock, such as packaged food and post-consumer organics, fats, oils and grease, sludge from industrial food facilities, like dairy and poultry processors, and litter (chickens, cows, pigs, humans, and any other litter). The company uses its proven anaerobic digestion technology to convert the waste into renewable energy and creates two outputs; 1) natural gas 2) digestate, an organic waste amendment that can be used for both commercial and personal (home) purposes. 

 As of March 2023, BDC has constructed over 250 anaerobic digesters globally and manages 150 facilities worldwide, and also has over 20 anaerobic digesters under construction in the US, including two in Delaware and Maryland.

In August 2019, BDC acquired BTS Biogas (a European leading anaerobic digestion facility operator) to expand its technology offering across North America. BDC’s partnership (June 2020) with Cheepstake Utilities Corporation (a US-based diversified energy company) allowed them to expand its operations into the Delmarva Peninsula and collaborated on a project to generate renewable natural gas by utilizing excess organics in the poultry industry. The company is also in a 20-year agreement with livestock business Perdue (signed in 2019) to compost about 30,000 chicken litter per year in the town of Blade. 

In March 2023 , Bioenergy Devco secured a USD 30 million investment from Hannon Armstrong Sustainable Infrastructure Capital (HASI), for its Maryland Bioenergy Center facility, in Jessup, Maryland. 

HQ location:
50 State Circle Annapolis MD USA
Founded year:
2016
Employees:
51-100
IPO status:
Private
Total funding:
USD 236.0 mn
Last Funding:
USD 30.0 mn (Private Equity; Mar 2023)
Key competitors
 
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Product Overview
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Company profile
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Recent Updates

Regulation/policy
Geographic expansion
Sep 6, 2023
Bioenergy Devco receives permits to expand biogas generation
Waste Recovery & Management Tech
Regulation/policy
Geographic expansion
Sep 6, 2023
Bioenergy Devco receives permits to expand biogas generation
Food Waste
Waste Recovery & Management Tech
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