Nature Energy Biogas to be Acquired by Shell
Yesterday Nature Energy Biogas A/S, announced yesterday that it has entered into a definitive agreement under which Shell Petroleum NV (Shell), will acquire 100% of the Company for a total enterprise value of nearly USD $2 billion (€1.9 billion).
Nature Energy owns and operates 14 industrial scale biomethane plants and an international development pipeline of about 30 plants across Europe and North America. The Company applies a design-build-own-operate model to all its projects. Nature Energy’s leading position in biomethane production from organic waste is underpinned by three key market drivers: the reduction of greenhouse gas emissions; providing local, secure, and affordable energy; and solving for the increasing amount of organic waste in a circular manner.
For Shell, the acquisition further increases the company’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 its world-leading customer-facing Marketing business.