Divert has announced a 10-year renewable natural gas (RNG) offtake agreement with bp worth approximately $175 million. The impact technology company is “on a mission to Protect the Value of Food™”.
Under the new agreement, bp expects to purchase RNG generated from three Divert facilities, which are currently in development in California, Pennsylvania, and Washington. Said facilities would offset 36,905 metric tons of carbon dioxide per year. This agreement represents one of the largest known RNG offtake agreements from food waste digestion in the US. The oil company which provides heat, light and mobility to customers all over the world, has an ambition to achieve net zero by 2050 or sooner.
“The climate crisis is accelerating and the need to find alternate solutions and independent energy resources to decarbonise has never been more critical,” said Ryan Begin, CEO and co-founder, Divert. “Divert is building a revolutionary platform for sustainable change, utilising 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 agreement with bp comes during a period of rapid growth for Divert as the market embraces new ways to address wasted food and decarbonised energy. According to Divert, the company is uniquely positioned to address these changing tides as the largest anaerobic digester of wasted food in the US, and is already delivering on its mission to drive social and environmental impact through its advanced technologies and sustainable infrastructure.
At present, the company processes more than 232,000 tons of wasted food a year at 10 facilities across the country. Divert has expanded its retail customer base by 40% in the past two years, as well as added 1,500 retail storefronts to its portfolio of more than 5,200 retail stores across all 50 US states.
