bp’s subsidiary, Archaea Energy, has officially launched its most substantial renewable natural gas (RNG) plant yet in Shawnee, Kansas, marking a significant advancement in the company’s commitment to sustainable energy solutions. Located near Kansas City and adjacent to a privately-owned landfill, this fully-owned facility stands out as a pioneering project in RNG production. Transforming Landfill […]
British multinational oil and gas company BP has completed the previously announced acquisition of Archaea Energy, a renewable natural gas (RNG) producer, for an enterprise value of around $4.1bn, including about $800 million of net debt. BP is anticipated to increase the company’s footprint in the US biogas industry. The acquisition is also expected to […]
BP acquisition of Archaea Energy : Oil and gas giant BP has announced a $3.3 billion all-cash deal to acquire Archaea Energy Inc., an American producer of renewable natural gas (RNG), in a move to expand and expedite the growth of its bioenergy business. BP will also assume nearly $800 million of net debt of […]