Shell Petroleum NV, a wholly owned subsidiary of Shell plc (Shell), has completed the acquisition of 100% of the shares of Nature Energy Biogas A/S (Nature Energy).
The acquisition was announced last November.
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.
Shell said the acquisition supports its ambitions to build an integrated RNG value chain at 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. Shell will generate additional value in our unsurpassed customer access and global scale in our trading and supply chain positions.
Nature Energy will operate as a wholly owned subsidiary of Shell, initially under its existing brand.