Divert, Inc. Announces Transformative $1 Billion Infrastructure Development Agreement with Enbridge Inc., Solidifying its Leadership in Solving the Wasted Food Crisis
Divert Inc. today announced a $1 billion infrastructure development agreement with Enbridge Inc. solidifying the company's leadership in solving the wasted food crisis and delivering on its mission to decarbonize the food value chain and combat climate change.
In addition, Divert secured $80 million in growth equity from Enbridge and also $20 million led by current investor Ara Partners.
A transformative investment for the industry, the $1 billion infrastructure agreement will support the development of wasted food to renewable natural gas (RNG) facilities across North America. This will accelerate Divert's expansion of anaerobic digestion facilities to sustainably convert wasted food into clean renewable energy, with the potential to offset up to nearly 400,000 metric tons of carbon dioxide annually.