Shell takes on Danish renewable gas company Nature Energy in £1.66bn deal as it moves to net zero emissions
Renewable gas: Shell buys Denmark’s Nature Energy
Shell has agreed to buy Europe’s largest producer of renewable natural gas (RNG) for £1.66 billion as it moves towards net zero emissions.
The group listed in the United Kingdom buys the Danish Nature Energy, which has 14 factories using agricultural, industrial and household waste to produce fuel.
Nature has about 30 factories planned in Denmark, the Netherlands, France and North America. Shell’s deal follows BP’s £3.4 billion take for US RNG producer Archaea last month.
RNG is touted as greener than conventional natural gas because its use of feedstocks such as manure removes gases that would otherwise have been released into the atmosphere.
The deal is in addition to RNG projects that Shell already has in the United States. It also markets RNG for use in industries such as transportation and shipping.
Nature’s 420 employees will operate as a subsidiary of Shell, initially under its existing brand.
The Danish company has no plans in the UK.