Vanguard Renewables Acquires North American Digesters from Generate Upcycle
Massachusetts-based Vanguard Renewables has agreed to acquire five anaerobic digesters operated by Generate Upcycle in Ontario and New York, effective October 1. The acquisition adds an estimated 565,000 tons of processing capacity and 1.1 billion cubic feet of renewable natural gas (RNG) production annually to Vanguard's operations. This marks a significant expansion for the company, which now operates or is constructing 19 facilities across North America. Vanguard has been growing rapidly since its acquisition by BlackRock in 2022 and continues to expand into new markets such as Canada’s Clean Fuel Regulations program. The deal also follows Vanguard's recent RNG offtake agreement with AstraZeneca, one of the largest open-market deals for renewable gas. Generate Capital is exiting the organic waste business after selling Upcycle’s U.K. facilities earlier this year to Pinta Energy.
Topics: acquisition BlackRock investment organics recycling renewable natural gas (RNG)