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Shell has agreed to purchase the largest renewable gas producer in Europe for 2 billion Euros

November 29, 2022

reNews.biz:

Shell Petroleum has reached an agreement with Davidson Kempner Capital Management to acquire a 100% shareholding of Nature Energy Biogas for just under €2bn.

Based in Denmark, Nature Energy is a producer of renewable natural gas (RNG) from agricultural, industrial, and household wastes.

By purchasing the shares in Nature Energy, Shell will acquire the largest RNG producer in Europe, its portfolio of cash generative operating plants, associated feedstock supply and infrastructure, its pipeline of growth projects and its in-house expertise in the design, construction, and operation of innovative and differentiated RNG plant technology.

This acquisition will further increase Shell’s ability to work with its established customer base across multiple sectors to accelerate its transition to net-zero emissions. It will also support Shell’s ambition to profitably grow its low carbon fuels production and customer offering in our world-leading customer-facing Marketing business.

Nature Energy established its first biogas plant in Denmark in 2015 and now has 14 operating plants plus a pipeline of around 30 new plant projects in Europe and North America.

[Staff Report]

More: Shell to acquire biogas producer

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