Ingka Investments, the investment arm of Ingka Group, the largest IKEA retailer, announced that it has made a minority investment in BlackRock portfolio company Vanguard Renewables, and a partnership to turn food waste from IKEA stores into renewable fuel.
Renewable natural gas (RNG), or biomethane, is produced from organic waste, such as agricultural, industrial, and household wastes, and is chemically identical to fossil-based natural gas, enabling it to support the decarbonization of hard-to-abate sectors such as road transport and heavy industry, without needing to replace existing transmission and distribution infrastructure.
Founded in 2014,
