Shell Buys Nature Energy in $2 Billion Push Into Biogas
- Shell buys Danish producer Nature Energy in green push
- Oil majors are looking to low-carbon gases to cut emissions
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Shell Plc will buy Nature Energy Biogas A/S from hedge fund Davidson Kempner Capital Management for nearly $2 billion as the oil major expands its transition from fossil fuels.
The deal will make Shell the largest producer in Europe of what’s known as renewable natural gas, known as RNG, according to a statement. It taps into Shell’s plan to leverage its existing expertise producing and marketing gas for a lower-carbon economy.