Thursday, January 26 2023 Sign In   |    Register
 

News Quick Search


 

News


Front Page
Power News
Gas News
Today's News
Yesterday's News
Week of Jan 23
Week of Jan 16
Week of Jan 09
Week of Jan 02
Week of Dec 26
By Topic
By News Partner
News Customization
Feedback

 

Pro Plus(+)


Add on products to your professional subscription.
  • Energy Archive News
  •  



    Home > News > Gas News > News Article

    Share by Email E-mail Printer Friendly Print

    Shell to acquire renewable natural gas producer Nature Energy


    November 29, 2022 - Staff Oil & Gas Magazine

     

      Shell invested US$2 billion to buy Denmark's Nature Energy.

      Shell Petroleum NV, a wholly owned subsidiary of Shell, has reached an agreement with Davidson Kempner Capital Management LP, Pioneer Point Partners and Sampension to acquire 100% of the shares of Nature Energy for nearly $2 billion. The acquisition will be absorbed within Shell's current equity range, which remains unchanged.

      Based in Denmark, Nature Energy is a producer of renewable natural gas (RNG) from agricultural, industrial and household waste.

      By purchasing Nature Energy's shares, Shell will acquire Europe's largest RNG producer, its portfolio of cash-generating operating plants, associated feedstock supply and infrastructure, its portfolio of growth projects and its in-house expertise in the design, construction and operation of innovative and differentiated RNG plant technology.

      This acquisition will further enhance Shell's ability to work with its established customer base across multiple sectors to accelerate its transition to net zero emissions. It will also support Shell's ambition to profitably grow its low-carbon fuels production and customer offering in our world-leading customer-focused marketing business.

      "Shell's competitiveness in low-carbon fuels derives from capabilities across the value chain, combining a world-class commercial and supply organization with access to differentiated technology and production assets," said Huibert Vigeveno, Shell's director of production operations. "The acquisition of 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 on a global scale, at a time when energy transition policies and customer preferences indicate strong demand growth in the coming years."

      The transaction is subject to regulatory approvals and is expected to close in the first quarter of 2023. Nature Energy is cash generative, and the acquisition is expected to be accretive to Shell's earnings from completion and generate double-digit returns.

    TOP

    Other Articles - International


    TOP

       Home  -  Feedback  -  Contact Us  -  Safe Sender  -  About Energy Central   
    Copyright © 1996-2023 by CyberTech, Inc. All rights reserved.
    Energy Central® and Energy Central Professional® are registered trademarks of CyberTech, Incorporated. Data and information is provided for informational purposes only, and is not intended for trading purposes. CyberTech does not warrant that the information or services of Energy Central will meet any specific requirements; nor will it be error free or uninterrupted; nor shall CyberTech be liable for any indirect, incidental or consequential damages (including lost data, information or profits) sustained or incurred in connection with the use of, operation of, or inability to use Energy Central. Other terms of use may apply. Membership information is confidential and subject to our privacy agreement.