New partnership with Duke Energy and OptimaBio to Benefit Thousands of Homes and Businesses
Smithfield Foods, Inc., in partnership with Duke Energy and OptimaBio, LLC, is now producing renewable natural gas (RNG) from the wastewater treatment system at its Tar Heel, North Carolina pork processing facility, which will help power more than 2,000 local homes and businesses. The three companies are utilizing the world’s largest pork processing facility to provide renewable energy to consumers while reducing their own, and the state of North Carolina’s, carbon footprint.
The $14 million project is the latest from Smithfield Renewables, Smithfield’s platform to unify and accelerate its efforts to reduce greenhouse gas (GHG) emissions 25% by 2025. Through partnership with Duke Energy, roughly 140,000 dekatherms of RNG per year will be transported to natural gas plants and used to generate electricity for consumers.
Once converted, the RNG is injected into the Pied- mont Natural Gas system, and then transported to Duke Energy to produce electricity. This project will help Duke Energy satisfy state swine waste-to-energy mandates under the Renewable Energy and Energy Efficiency Portfolio Standard law in North Carolina. Under this law, Duke Energy must generate 0.20% of its retail sales from swine waste by 2024.
ABOUT SMITHFIELD FOODS: Headquartered in Smithfield, Virginia, since 1936, Smithfield Foods, Inc. is an American food company with agricultural roots and a global reach.
ABOUT DUKE ENERGY: Duke Energy, a Fortune 150 company headquartered in Charlotte, North Carolina, is one of the largest energy holding companies in the US.
ABOUT OPTIMABIO: Headquartered in Raleigh, North Carolina, OptimaBio is a swine waste-to-energy project developer, owner and operator.
Source: Duke Energy; Smithfield Foods, Inc.; OptimaBio