Shell Petroleum NV, a fully-owned subsidiary of Shell plc (Shell), has acquired all the shares of Natural Energy Biogas A/S (Nature Energy).
By completing this transaction, Shell has become the owner of the largest producer of renewable natural gas (RNG) in Europe, its pipeline of growth projects and its in-house expertise in the design, construction, and operation of innovative and differentiated RNG plant technology.
This purchasing goes parallel with Shell’s goals of integrating the RNG value chain on a global scale and expanding its low-carbon products to clients in a variety of industries profitably.
Being a cash-generating company, Natural Energy is anticipated to provide double-digit returns to Shell’s earnings after the acquisition. With Shell’s unparalleled client connections and worldwide reach in its trading and supply chain positions, it will create additional value.
Natural Energy will operate initially under its current brand.