[7] Divert was founded in June 2007 as Feed Resource Recovery by Ryan Begin and Nick Whitman at the back of a grocery store in Burlington, Massachusetts, to help them process wasted food.
As a part of the acquisition, Divert received $100 million in growth equity led by Ara in conjunction with Singapore’s sovereign wealth fund, GIC, and Ontario Power Generation.
[2] In October 2022, the company announced a 10-year renewable natural gas (RNG) offtake agreement with bp worth approximately $175 million.
[10] Under this agreement, bp will purchase RNG generated from three Divert facilities, which has the potential to offset 36,905 metric tons of carbon dioxide per year.
[17] In September 2023, the company announced the groundbreaking on its Longview, Washington food waste to renewable energy facility, the first to be established in the state.
Unsold wasted food is processed to remove packaging before moving to Divert’s anaerobic digesters to be turned into renewable energy.
[25] In July 2023, the companies announced that more than 30.8 million pounds of wasted food had been processed during the first year of their partnership, which would have been responsible for over 1,400 metric tons of greenhouse gas emissions (GHG).