Nov. 5 (Bloomberg) -- Campbell Soup Co., whose cans were transformed into artworks by Andy Warhol, plans to turn potato peel and tomato waste into biogas to power its Ohio factory.
Bigadan A/S will build a biogas plant to process waste from the factory in Napoleon, said Eksport Kredit Fonden, the Danish export credit agency guaranteeing a loan for the venture. The project will cost more than 75 million kroner ($13 million).
“This new biogas technology will improve Campbell’s Napoleon recycling rate to approximately 95 percent,” Dave Stangis, a Campbell Soup official, said in a EKF statement.
The technology will provide a quarter of the plant’s annual power, while curbing greenhouse gas emissions by about 16,000 metric tons a year, equivalent to the output of 3,000 cars. EKF, based in Copenhagen, guaranteed a loan from an unspecified bank in Denmark to Napoleon Biogas LLC to construct the project.
To contact the reporter responsible for this story: Sally Bakewell in London at Sbakewell1@bloomberg.net
To contact the editor responsible for this story: Reed Landberg at email@example.com