TPG Rise Climate, the climate investing strategy of TPG’s global impact investing platform TPG Rise, today announced an investment in Monarch Bioenergy, a joint venture between Roeslein Alternative Energy and a subsidiary of Smithfield Foods.
Accelerating the transition to renewable energy, greening the industrial sector, and scaling greenhouse gas abating technologies are core pillars in TPG Rise Climate’s multi-sector investing strategy. As an equal partner in the JV, TPG Rise Climate will work with RAE and Smithfield to advance agricultural innovation, enhance existing projects in Missouri, and develop new ones in select states across the U.S.
As part of RAE’s goal to restore 30 million acres of land to native prairie plants strategically located around waterways, streams, rivers, and highly erodible lands, Monarch and RAE have already planted several thousand acres of prairie grass, providing ecological services and wildlife habitat for monarch butterflies across Missouri. The partnership is actively exploring ways to expand this initiative to other Monarch projects.
Read more: Business Wire
