Shell Acquires Renewable Natural Gas Producer Nature Energy

Published on:
by KnowESG,

Shell plc

Shell-CEO-Joins-BP-In-Exiting-Russian-Gas-Ventures

Shell Petroleum NV, a wholly owned subsidiary of Shell plc (Shell), has reached a deal with Davidson Kempner Capital Management LP, Pioneer Point Partners, and Sampension to buy 100% of Nature Energy Biogas A/S (Nature Energy) for nearly USD 2 billion (€ 1.9 billion).

Nature Energy is a Danish company that makes Renewable Natural Gas (RNG) from waste from farms, factories, and homes.

By buying Nature Energy's shares, Shell will get the largest RNG producer in Europe, as well as its portfolio of cash-generating operating plants, feedstock supply and infrastructure, a pipeline of growth projects, and in-house expertise in designing, building, and running innovative and different RNG plant technology.

With this purchase, Shell will be able to work even better with its existing customers in a variety of industries to speed up its move to net-zero emissions.

“Shell’s competitiveness in low carbon fuels derives from capabilities across the value chain, combining a world-class Trading and Supply organisation with access to differentiated technology and production assets,” said Huibert Vigeveno, Shell’s Downstream Director. “Acquiring Nature Energy will add a European production platform and growth pipeline to Shell’s existing RNG projects in the United States. We will use this acquisition to build an integrated RNG value chain at global scale, at a time when energy transition policies and customer preferences are signalling strong growth in demand in the years ahead.”

For more company-related news

Source: Shell

Share:
esg
esg
esg
esg

Companies Headlines

Accenture to Acquire Green Domus to Boost Green Goals

Accenture to Acquire Green Domus to Boost Green Goals

SMEs Deprioritise ESG Initiatives Due to Rising Costs

SMEs Deprioritise ESG Initiatives Due to Rising Costs

Tosca Tool Reduces Footprint in Bulk Liquid Transport

Survey Unveils Bright ESG Strategies of Chinese Firms

Menzies Unveils ESG Consulting Offering

Deepki Enhances ESG Platform with Nooco Acquisition

Uber Green: All-Electric Service in India

FedEx Helps Users View Historical Emissions Data

Vedanta Aluminum, ERM Unite for Biodiversity Plan

Nassau Adopts Responsible Investment Principles

More from Shell plc
Shell Faces SEC Complaint for Greenwashing
Shell Faces SEC Complaint for Greenwashing
Ryanair and Shell Agree SAF Deal
Ryanair and Shell Agree SAF Deal
Shell has completed its acquisition of the Sprng Energy group, a renewables platform
Shell has completed its acquisition of the Sprng Energy group, a renewables platform
Shell and Lufthansa Group Ink an Agreement for a Seven-Year SAF Supply Deal
Shell and Lufthansa Group Ink an Agreement for a Seven-Year SAF Supply Deal