In Q2 2023, Viridi finalized a partnership with American Organic Energy (“AOE”) to develop one of the largest food waste-to-renewable natural gas projects in the United States. Initially, the project is expected to convert 210,000 tons of waste per year – which is equivalent to the entire annual food waste of Dallas, Texas - into clean energy and agriculture products. An expansion is already planned that will increase capacity by more than 50%.
ASSET HIGHLIGHTS
- The AOE facility represents a historic step toward circularity in waste disposal, housing the first anaerobic digester to process food waste in the New York City metropolitan area.
- The project will divert food waste from landfills located up to 300 miles away and transform it into RNG, via anaerobic digestion, and into other renewable products, such as fertilizer.
- This deal is significant for Viridi and for the renewable energy industry as it will deliver RNG at an attractive price-per-ton of CO2 avoided without being dependent upon the credit markets.
- FortisBC will purchase the RNG produced at the AOE facility to deliver to its customers.
- Food waste is the single most common material landfilled and incinerated across the United States. As such, the AOE project aligns with food waste reduction goals set by the USDA and EPA, which target decreases of 50 percent by 2030.
