Enbridge Inc T.ENB

RE: 2 BCF Renewable Natural Gas Partnership

[Quintessential1]

Nrot a bad plan. The spot prices on NG are making RNG look cheaper and cheaper everday and you get the ESG to go with it.

Betteryear2 wrote:

• Enbridge will purchase 2 BCF of renewable natural gas from Vanguard Renewables’ growing network of farm-based organics to renewable energy facilities annually, to offer to its U.S. customers
• Partnership will recycle food and beverage waste and dairy manure into clean, renewable natural gas for U.S. businesses and consumer; a powerful decarbonization tool for American industry
• Vanguard’s industry leading Farm Powered Strategic Alliance partners will have access to new organic waste recycling and renewable energy procurement solutions, bringing them closer to meeting aggressive food waste reduction and decarbonization goals, while supplying American farmers with a new tool for regenerative agriculture
• Renewable energy produced under the partnership is expected to displace approximately 110,000 metric tons of carbon dioxide equivalent emissions annually – the equivalent to taking nearly 25,000 fossil fuel powered cars off the road

September 28, 2021 07:15 AM Eastern Daylight Time

BOSTON--(BUSINESS WIRE)--Vanguard Renewables (“Vanguard”) and Enbridge, Inc. (NYSE: ENB), a leading North American energy infrastructure company today announced a partnership whereby Enbridge will purchase upwards of 2 billion cubic feet (BCF) of renewable natural gas (RNG) annually from the anaerobic digesters that Vanguard Renewables will invest $200 million to build in the U.S. Northeast, Southeast, and Midwest. Enbridge will invest approximately $100 million in RNG upgrading equipment to convert the farm derived RNG into pipeline quality renewable natural gas and provide transportation and marketing services to market that gas to U.S. customers.


https://www.businesswire.com/news/home/20210928005603/en/