Divert, a Massachusetts-based company offering food waste management solutions, has signed a 10-year renewable natural gas (RNG) offtake agreement with global oil and gas giant bp worth ~USD 175 million.
As per the agreement, Divert will supply bp RNG generated from three of Divert’s food digestion facilities currently under development in California, Pennsylvania, and Washington and is expected to offset 36,905 tons of carbon dioxide per year. This offtake agreement is reportedly the largest known for RNG generated from food digestion in the US.
For bp, this partnership is expected to support its goal of becoming a net zero company by 2050 or sooner.
Founded in 2007, Divert offers technology, logistics, and infrastructure solutions for food waste generators including retailers to prevent and manage food waste. The company currently provides food waste solutions to five Fortune 100 companies and 5,200 retail partners including Kroger, Albertsons, Ahold Delhaize, and Target, across all 50 US states. Divert processes more than 232,000 tons of wasted food per year, across 10 facilities in operation and has expanded its retail customer base by 40% and added 1,500 retail partners over the past two years.
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