Advertisement
Canada markets closed
  • S&P/TSX

    22,673.52
    +129.39 (+0.57%)
     
  • S&P 500

    5,615.35
    +30.81 (+0.55%)
     
  • DOW

    40,000.90
    +247.15 (+0.62%)
     
  • CAD/USD

    0.7336
    -0.0000 (-0.00%)
     
  • CRUDE OIL

    82.18
    -0.44 (-0.53%)
     
  • Bitcoin CAD

    81,831.74
    +2,533.84 (+3.20%)
     
  • CMC Crypto 200

    1,248.76
    +50.19 (+4.19%)
     
  • GOLD FUTURES

    2,416.00
    -5.90 (-0.24%)
     
  • RUSSELL 2000

    2,148.27
    +23.23 (+1.09%)
     
  • 10-Yr Bond

    4.1890
    -0.0040 (-0.10%)
     
  • NASDAQ

    18,398.45
    +115.04 (+0.63%)
     
  • VOLATILITY

    12.46
    -0.46 (-3.56%)
     
  • FTSE

    8,252.91
    +29.57 (+0.36%)
     
  • NIKKEI 225

    41,190.68
    -1,033.34 (-2.45%)
     
  • CAD/EUR

    0.6722
    -0.0025 (-0.37%)
     

Viridi Energy developing renewable natural gas facility in Maine

(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)