Shell Petroleum NV, a wholly owned subsidiary of global oil, gas, and energy major Shell plc (Shell), has announced it has completed the acquisition of 100 percent of the shares of Nature Energy Biogas A/S (Nature Energy).
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By purchasing the shares in Nature Energy, Shell has acquired the largest producer of renewable natural gas (RNG) in Europe, its portfolio of 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.
This acquisition supports Shell’s ambitions to build an integrated RNG value chain at a global scale and to profitably grow its low-carbon offerings to customers across multiple sectors.
Nature Energy is a cash-generative business, and the acquisition is expected to be accretive to Shell’s earnings from completion and to deliver double-digit returns.
The company was founded in 1979 as a natural gas distributor and established its first biogas plant in Denmark in 2015. It now has 14 operating plants with associated infrastructure, feedstock arrangements, and a pipeline of around 30 new plant projects in Europe and North America.
More than a third of these projects are in the medium to late development stage in Denmark, the Netherlands, and France.
Nature Energy will operate as a wholly-owned subsidiary of Shell, initially under its existing brand.
