Divert Partners with Mitsubishi for Renewable Natural Gas Initiative
Divert, Inc. has secured a strategic partnership with Mitsubishi Corporation, elevating its valuation to over $1 billion. This collaboration combines equity investment and renewable natural gas offtake, addressing regulatory pressures and decarbonization goals in the organics resource recovery sector.
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Divert, Inc. has partnered with Mitsubishi Corporation (MC), which will lead its Series C financing round, resulting in a valuation exceeding $1 billion. The partnership includes a strategic equity investment from MC and preferred offtake rights for renewable natural gas, aimed at enhancing the recovery of value from food waste.
This collaboration is positioned to leverage MC's expertise in energy markets to promote infrastructure that addresses food supply inefficiencies and rising energy costs. The initiative represents a new financial model for the circular food system, integrating source reduction and domestic energy production efficiently.
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