- Anaergia (ANRG) will supply Irving Oil with 350 million cubic feet of renewable natural gas (RNG) per year
- The agreement includes New Brunswick’s Saint John refinery, which is the largest in Canada
- The RNG is considered carbon-negative, thus reducing Irving’s need for a conventional natural gas supply
- Anaergia transforms organic waste into renewable natural gas, fertilizer and water using proprietary technologies
- Anaergia (ANRG) is up by 2.81 per cent, trading at $5.48 per share
Anaergia (ANRG) will supply Irving Oil with 350 million cubic feet of renewable natural gas (RNG) per year.
Founded in 1924, Irving Oil is a family-owned and privately held international energy company focused on refining and finished products. It operates Canada’s largest refinery in Saint John, New Brunswick, and Ireland’s only refinery located in the village of Whitegate. It serves customers through more than 1,000 fueling locations.
The RNG is made from organic matter instead of fossil fuels and will be produced at Anaergia’s Rhode Island bioenergy facility. The fuel is considered carbon-negative because it can capture more methane emissions than the organic waste would have otherwise created when landfilled.
The facility is designed to divert over 100,000 tons of waste from landfills per year and is New England’s largest anaerobic digester processing organic waste. Besides RNG, it also produces fertilizer and recycled water.
The agreement will reduce Irving’s need for conventional natural gas supply.
“We are proud to continue advancing on our energy transition journey through this new partnership,” stated Ian Whitcomb, President of Irving Oil. “We are making strides in achieving our 2030 goal of a 30-per-cent reduction in greenhouse gas emissions as we shift to lower-carbon energies.”
“Methane emissions from landfills are a big contributor to global warming. The state of Rhode Island is doing something to solve this problem while also addressing New England’s waste disposal needs,” added Andrew Benedek, Chairman and CEO of Anaergia. “Likewise, Irving Oil is recognizing the value of using what people throw away every day to create a renewable fuel.”
Anaergia transforms organic waste into renewable natural gas, fertilizer and water using proprietary technologies. Its customers are active in the municipal solid waste, municipal wastewater, agriculture and food processing industries.
Anaergia (ANRG) is up by 2.81 per cent, trading at $5.48 per share as of 10:37 am EST.
