Shell boosts RNG operation with the acquisition of Nature Energy
Global energy player acquires the largest renewable natural gas producer in Europe for $2 billion.
Shell Petroleum NV has reached an agreement to acquire Danish renewable natural gas producer Nature Energy for nearly $2 billion.
The acquisition will be absorbed within Shell’s current capital range, which remains unchanged. Based in Denmark, Nature Energy is a producer of Renewable Natural Gas (RNG) from agricultural, industrial, and household wastes.
With this operation, Shell acquires 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.
“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,” said Huibert Vigeveno, Shell’s Downstream Director.
Nature Energy was founded in 1979 as a natural gas distributor. The company established its first biogas plant in Denmark in 2015 and now has 14 operating plants.
