Shell Petroleum NV, a wholly owned subsidiary of Shell plc (Shell), will acquire Nature Energy Biogas A/S (Nature Energy). Based in Denmark, Nature Energy is a producer of renewable natural gas (RNG) from agricultural, industrial, and household wastes.
The US$2 billion deal includes Nature Energy’s portfolio of 14 operating plants, associated feedstock supply and infrastructure, and its in-house expertise in the design, construction, and operation of RNG plant technology. The acquisition also includes Nature Energy’s 30 new plant projects in Europe and North America. More than a third of these projects are in medium to late development stage in Denmark, the Netherlands, and France.
“Shell’s competitiveness in low carbon fuels derives from capabilities across the value chain, combining a world-class trading and supply organization 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 signaling strong growth in demand in the years ahead.”
The transaction is subject to regulatory approvals and is expected to close in Q1 2023. Nature Energy and its 400+ employees located in Europe and North America will operate as a wholly owned subsidiary of Shell.