Dominion Energy, Smithfield Foods complete first-of-its-kind renewable natural gas project in Utah

Rhea-AI Summary

Dominion Energy (NYSE:D) and Smithfield Foods have successfully completed their first renewable natural gas (RNG) project in Milford, Utah, marking a significant milestone in sustainable energy. This initiative captures methane from hog farms, converting it into clean energy. At full capacity, the project will heat over 3,000 homes and reduce greenhouse gas emissions by more than 100,000 metric tons annually. The companies aim to invest $500 million over the next decade to further develop RNG projects, targeting a reduction of 2.5 million metric tons of emissions from U.S. hog farms.

Positive

• Completion of first RNG project in Utah enhancing sustainable energy.
• At full capacity, project will heat over 3,000 homes and reduce emissions by over 100,000 metric tons annually.
• Joint investment of $500 million planned over 10 years for RNG projects nationwide.
• Targets to reduce emissions from U.S. hog farms by 2.5 million metric tons.

Negative

• None.

RICHMOND, Va. and SMITHFIELD, Va., Dec. 9, 2020 /PRNewswire/ -- Dominion Energy (NYSE:D) and Smithfield Foods, Inc., announced today they have completed the first renewable natural gas (RNG) project through their joint venture, Align Renewable Natural Gas℠. Located in Milford in southwestern Utah, the project is now producing RNG from a network of 26 family farms that raise hogs under contract with Smithfield.

The project is the first large-scale effort in the state to capture methane from hog farming operations and convert it into clean energy for homes, businesses and transportation. Significantly more greenhouse gas emissions are captured from the farms than are released when consumers use the gas, which makes RNG a "carbon-beneficial" energy source.

At full capacity, the project will produce enough RNG to heat more than 3,000 homes and businesses and reduce annual emissions from participating farms by more than 100,000 metric tons. That is the same as taking 23,000 cars off the road or planting 1.8 million new trees each year. Additionally, the project benefits participating family farmers by simplifying the process of and reducing the cost associated with manure management.

"We're excited to witness the completion of our initial project in Utah, as we continue to scale and implement renewable energy projects across the country," said Kraig Westerbeek, senior director of Smithfield Renewables and hog production environmental affairs, Smithfield Foods. "Our Align RNG partnership with Dominion Energy is a key component of Smithfield's carbon reduction strategy, which promises to reduce greenhouse gas emissions across our domestic supply chain 25 percent by 2025 and become carbon negative in all U.S. company-owned operations by 2030."

"This is an exciting breakthrough for the future of clean energy and sustainable farming," said Ryan Childress, Dominion Energy's director of gas business development. "With this single technology, we can produce clean energy for consumers, reduce farm emissions and benefit family farmers. It's a powerful example of the environmental progress we can make through innovation. We're thrilled Utah is leading the way, and we're excited to keep the momentum going in other states across the country."

In the largest venture of its kind in the United States, Dominion and Smithfield are jointly investing $500 million over the next 10 years to develop RNG projects across the country. Once the partnership's planned projects are complete, they will reduce annual greenhouse gas emissions from U.S. hog farms by 2.5 million metric tons, the same amount as taking 500,000 cars off the road or planting 40 million new trees each year. With the Utah project in operation and additional projects under development in North Carolina and Virginia, the partnership plans to produce enough renewable natural gas over the next 10 years to heat more than 70,000 homes and businesses.

For more information, please visit www.AlignRNG.com. Photos of the Milford project are available for download on the media page.

About Dominion Energy
More than 7 million customers in 16 states energize their homes and businesses with electricity or natural gas from Dominion Energy (NYSE: D), headquartered in Richmond, Va. The company is committed to sustainable, reliable, affordable and safe energy and to achieving net zero carbon dioxide and methane emissions from its power generation and gas infrastructure operations by 2050. Please visit DominionEnergy.com to learn more.

About Smithfield Foods
Headquartered in Smithfield, Va., since 1936, Smithfield Foods, Inc. is an American food company with agricultural roots and a global reach. Our 40,000 U.S. and 15,000 European employees are dedicated to producing "Good food. Responsibly.®" and have made us one of the world's leading vertically integrated protein companies. We have pioneered sustainability standards for more than two decades, including many industry firsts, such as our ambitious commitment to cut our carbon impact by 25 percent by 2025. We believe in the power of protein to end food insecurity and have donated hundreds of millions of food servings to our neighbors in need. Smithfield boasts a portfolio of high-quality iconic brands, such as Smithfield®, Eckrich®, and Nathan's Famous®, among many others. For more information, visit www.smithfieldfoods.com, and connect with us on Facebook, Twitter, LinkedIn and Instagram.

 

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SOURCE Smithfield Foods, Inc.

FAQ

What is the significance of the renewable natural gas project by Dominion Energy and Smithfield Foods?

The RNG project captures methane from hog farms in Utah, converting it into clean energy, significantly reducing greenhouse gas emissions.

How much investment is being made in the RNG projects by Dominion Energy and Smithfield?

The companies are jointly investing $500 million over the next 10 years to develop renewable natural gas projects across the country.

What are the expected environmental benefits of the RNG project in Utah?

The project aims to reduce annual emissions by over 100,000 metric tons, equivalent to taking 23,000 cars off the road.

How many homes can be heated with the RNG project once it reaches full capacity?

Once fully operational, the RNG project will provide enough clean energy to heat more than 3,000 homes and businesses.

What are the long-term goals of the partnership between Dominion Energy and Smithfield Foods?

They aim to reduce greenhouse gas emissions from U.S. hog farms by 2.5 million metric tons, increasing sustainability in energy production.