Real Assets
Dominion Energy (NYSE:D) and Smithfield Foods, Inc. announced today the companies are doubling their investment in renewable natural gas (RNG) projects across the U.S. to $500 million through 2028. This additional investment will expand their Align Renewable Natural GasSM joint venture beyond its initial projects in North Carolina, Virginia and Utah, to pursue new projects across the country, including in Arizona and California. Dominion Energy and Smithfield Foods formed Align RNG in November 2018, committing $250 million over 10 years to capture methane from Smithfield’s company-owned and contract hog farms and convert it into clean RNG.