TPG Rise Climate, the climate investing strategy of TPG’s global impact investing platform TPG Rise, today announced an investment in Monarch Bioenergy, a joint venture between Roeslein Alternative Energy (“RAE”) and a subsidiary of Smithfield Foods, Inc. Launched in 2018, Monarch leverages RAE’s state-of-the-art technology and Smithfield’s innovative sustainable farming practices to capture methane emissions and convert them into carbon-negative renewable natural gas (RNG) to power homes, vehicles and businesses. Chris Roach, President of RAE, will serve as Monarch’s Chief Executive Officer, a newly created role. Monarch’s technology and proprietary process are key to creating closed loop, zero-waste systems on large farms. Its anaerobic digester infrastructure captures methane emissions from manure and converts those emissions into pipeline-quality natural gas, which is distributed to RNG markets across the country. More >>
