![renewable natural gas](/sites/default/files/styles/hart_news_article_image_640/public/image/2023/06/renewable-natural-gas.jpg?itok=YgYz1YI4)
AstraZeneca and Vanguard Renewables are partnering for an RNG deal that, by the end of 2026, is expected to use up to 650,000 MMBtu, or 190,500 MWh per year of RNG. (Source: Shutterstock)
Biopharmaceutical company AstraZeneca is entering into a partnership with Vanguard Renewables to deliver renewable natural gas (RNG) to all AstraZeneca sites across the U.S. by the end of 2026, according to the company’s June 13 press release.
AstraZeneca will purchase RNG from Vanguard for its medicine distribution campus in Newark, Delaware beginning in June 2023. The campus packages 26 medicines for distribution across the U.S. and makes medicine formulations for global supply.
AstraZeneca uses heat and power to manufacture medicines, and the decarbonization of medicine manufacturing requires clean sources of heat such as RNG. By the end of 2026, this arrangement is expected to use up to 650,000 MMBtu, or 190,500 megawatt-hour per year of RNG between all of AstraZeneca’s U.S. sites.
“We recognize the interconnection between the health of people and the planet, and are committed to driving deep decarbonization across our operations and value chain,” said Pam Cheng, EVP of global operations and IT, and chief sustainability officer at AZN. “Our innovative partnership with Vanguard Renewables in the U.S. is an illustration of how we are collaborating at scale to deliver sustainable science and medicines, as part of the transition to net zero health systems and a circular economy.”
AstraZeneca's partnership with Vanguard will allow the company to obtain high quality RNG from three on-farm anaerobic digester facilities across the U.S. for at least 15 years. The process will utilize the Vanguard Renewables Farm Powered process, which allows for the production of RNG from food and dairy cow manure. As the RNG is produced and captured, it will be made available for use in the company’s medications and manufacturing processes.
Recommended Reading
Exxon Mobil Selling Malaysia Oil, Gas Assets to Petronas - Sources
2024-07-19 - Exxon Mobil, which last year marked its 130th year in Malaysia, has been trying to sell its upstream assets in the country since 2020.
SM Energy Offers Senior Notes to Help Fund $2B XCL Resources’ Deal
2024-07-18 - SM Energy said it intends to use the net proceeds from the notes to fund its pending $2.04 billion purchase of XCL Resources.
Crescent, SilverBow Expect Eagle Ford Merger to Close July 30
2024-07-18 - Crescent Energy and SilverBow Resources expect their combination in the Eagle Ford Shale to close July 30.
WoodMac: Are MidEast, Asia NOCs Poised For M&A Resurgence?
2024-07-18 - International M&A spend by national oil companies (NOCs) has dwindled from nearly 50% to less than 5% today. But Wood Mackenzie researchers see NOCs playing a larger role in international M&A in the future.
Crescent Energy to Buy Eagle Ford’s SilverBow for $2.1 Billion
2024-05-16 - Crescent Energy’s acquisition of SilverBow Resources will create the second largest Eagle Ford Shale E&P with production of about 250,000 boe/d, the companies said.