Dominion, Smithfield Foods double investment in renewable natural gas to $500M
Dominion Energy and Smithfield Foods announced the companies are doubling their investment in renewable natural gas projects across the U.S. to $500M through 2028. This additional investment will expand their Align Renewable Natural GasSM joint venture beyond its initial projects in North Carolina, Virginia and Utah, to pursue new projects across the country, including in Arizona and California. Dominion Energy and Smithfield Foods formed Align RNG in November 2018, committing $250 M over 10 years to capture methane from Smithfield's company-owned and contract hog farms and convert it into clean RNG. With the additional $250M investment, the companies will produce enough RNG to power more than 70,000 homes and businesses by 2029. Align RNG's first project in Milford, Utah, will be operational this year and will produce enough RNG to power more than 3,000 local homes and businesses at full capacity.