February 21 (Renewables Now) - US meat processor Smithfield Foods Inc and Roeslein Alternative Energy on Thursday said they have invested an additional USD 45 million (EUR 41.6m) in their Monarch Bioenergy joint venture (JV) in Missouri.
The funds will be used for new projects that produce renewable natural gas (RNG) from methane captured from hog manure in addition to the already operational projects across five Smithfield farms in northern Missouri. As a result, the companies expect to achieve RNG generation across 85% of Smithfield's hog finishing spaces in the state.
The two companies have been collaborating on manure-to-energy projects in Missouri since 2014. Smithfield, through its platform Smithfield Renewables, is also developing RNG projects in North Carolina, Utah and Virginia. The initiatives are part of the company's efforts to achieve its target of cutting greenhouse gas emissions by 25% by 2025.
(USD 1.0 = EUR 0.925)