Vanguard Renewables Strikes Largest Open-Market RNG Deal Yet With AstraZeneca
Vanguard Renewables announced an agreement with AstraZeneca on Tuesday to supply RNG for the pharmaceutical company’s U.S. operations. AstraZeneca began purchasing renewable natural gas from Vanguard on June 1 for its Newark, Delaware, campus, and by 2026 could acquire 650,000 mmBtus of energy annually.
The business-to-business agreement on the voluntary market is Vanguard’s largest to date and will involve three of its farm-based anaerobic digesters. The company has been working to scale up its on-farm digestion capacity after it was acquired by BlackRock for roughly $700 million last year.
The 15-year agreement is one of the largest ever RNG purchases on the voluntary market in North America, said Sam Lehr, manager of sustainability and markets policy at the Coalition for Renewable Natural Gas.