black Rock is buying a company that converts food waste and cow manure into renewable natural gas, a deal that adds momentum to the industry war in ukraineCompany officials said.
The world’s largest asset manager is acquiring Vanguard Renewables, a Boston-area company that works with dairy farmers and food companies. to produce renewable natural gas for utilities and energy firms such as Dominion Energy Inc. and enbridge Inc. The transaction is valued at $700 million, and BlackRock could spend more than $1 billion in funding the expansion of Vanguard Renewables, a person familiar with the matter said.