Advertisement
Singapore markets closed
  • Straits Times Index

    3,292.93
    -3.96 (-0.12%)
     
  • Nikkei

    38,236.07
    -37.98 (-0.10%)
     
  • Hang Seng

    18,475.92
    +268.79 (+1.48%)
     
  • FTSE 100

    8,207.03
    +34.88 (+0.43%)
     
  • Bitcoin USD

    59,550.99
    +1,783.03 (+3.09%)
     
  • CMC Crypto 200

    1,286.32
    +9.34 (+0.73%)
     
  • S&P 500

    5,064.20
    +45.81 (+0.91%)
     
  • Dow

    38,225.66
    +322.37 (+0.85%)
     
  • Nasdaq

    15,840.96
    +235.48 (+1.51%)
     
  • Gold

    2,311.00
    +1.40 (+0.06%)
     
  • Crude Oil

    78.87
    -0.08 (-0.10%)
     
  • 10-Yr Bond

    4.5710
    -0.0240 (-0.52%)
     
  • FTSE Bursa Malaysia

    1,589.59
    +9.29 (+0.59%)
     
  • Jakarta Composite Index

    7,134.72
    +17.30 (+0.24%)
     
  • PSE Index

    6,615.55
    -31.00 (-0.47%)
     

Viridi Energy developing renewable natural gas facility in Maine

March 19 (Reuters) - Viridi Energy said on Tuesday it has acquired a biosolids digester plant in Brunswick, Maine, as part of its plans to develop a facility to convert waste into renewable natural gas (RNG) in the state.

The company will also be partnering with waste recycling firm Casella Waste Systems to secure a supply of 85,000 tons of biosolids, the organic matter recovered from sewage treatment process, for the facility.

As countries are pushing for a switch to clean energy, RNG derived from biological waste is prized for its potential to replace natural gas and reduce climate-warming emissions.

The privately held company did not disclose any financial details of the deal and the facility is expected to be operational in 2026.

Wilmington, Delaware-based Viridi builds and operates assets that turn organic feedstocks – landfill emissions, animal waste, municipal waste and food waste – into RNG. (Reporting by Vallari Srivastava in Bengaluru; Editing by Vijay Kishore)