Smithfield invests another $45 million in bioenergy joint venture
Smithfield Foods is adding $45 million to their bioenergy joint venture with Roeslein Alternative Energy (RAE). The project captures methane from hog manure to produce renewable natural gas (RNG) in Missouri, resulting in RNG generation across 85% of the company’s hog finishing spaces in the state.
Among other efforts, the expansion will help accelerate the company’s goal of reducing greenhouse gas emissions 25% by 2025.
This activity builds upon the manure-to-energy projects currently in operation across five Smithfield farms in northern Missouri and puts the company one step closer to equipping nearly all its finishing spaces in the state with the technology to produce RNG.
“Smithfield and RAE have been innovating ‘manure-to-energy’ technology together in Missouri since 2014,” said Kraig Westerbeek, senior director of Smithfield Renewables and hog production environmental affairs for Smithfield Foods. “Our companies have a longstanding commitment to renewable energy, and we’re thrilled to be one step closer to having nearly all our Missouri finishing farms engaged in producing RNG.”
The “manure-to-energy” projects allow Monarch Bioenergy to leverage the infrastructure of Smithfield’s farms to capture methane emissions from hog farms and convert them into pipeline-quality natural gas, which will be distributed to RNG markets across the country.
Monarch Bioenergy is part of Smithfield Renewables, Smithfield’s platform to unify and accelerate its carbon reduction and renewable energy efforts. Today’s investment complements numerous initiatives Smithfield is implementing across the country, including additional renewable natural gas projects in North Carolina, Utah and Virginia.
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