Bioenergy Devco Receives $30 Million Investment As It Ramps Up US Anaerobic Digestion Efforts
Bioenergy Devco, the North American division of Italian biogas firm BTS Bioenergy, received a $30 million investment from a subsidiary of Annapolis, Maryland-based Hannon Armstrong Sustainable Infrastructure Capital, the firm announced on Monday.
The new investment allows Bioenergy Devco to move forward on more than 20 sites it’s eyeing for its North American expansion, taking advantage of incoming organics recycling mandates and rising interest about the utility of anaerobic digestion as a waste disposal strategy, Shawn Kreloff, founder and CEO, told Waste Dive.