In a move that will expand and accelerate the growth of its strategic bioenergy business, bp has announced that it has agreed to acquire Archaea Energy Inc., a leading producer of renewable natural gas (RNG) in the US. The agreed acquisition, which is subject to regulatory and Archaea shareholder approval, will be for $3.3 billion in cash, as well as around $800 million of net debt. Bioenergy is one of five strategic transition growth engines thhttps://www.archaeaenergy.com/at bp intends to grow rapidly through this decade. bp expects investment into its transition…
Read Morebp accelerates and expands in bioenergy, agreeing to buy leading US biogas company Archaea Energy
