Shell To Spend Almost $2 Billion for Renewable Gas Producer

Journal of Petroleum Technology 

Shell announced on 28 November that the company is purchasing Nature Energy in a deal it said is worth nearly $2 billion. Shell highlighted that the Denmark-based Nature Energy is the largest producer of renewable natural gas (RNG), or biomethane, in Europe. The firm's assets include 14 production plants (13 in Demark and one in the Netherlands) with a current production of about 3,000 BOE/D. Terms of the deal will see Shell acquire the entirety of the company's shares from an investment consortium made up of a pension management fund and private equity investors. Shell noted Nature Energy is profitable and that it considers the billion-dollar move to be a big step forward in its goal to become a net-zero emitter by 2050.

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