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Shell Completes Acquisition Of US Nature Energy

By  |  February 20, 2023

Oil giant Shell Petroleum has completed the acquisition of 100% of the shares of Denmark’s Nature Energy, as the energy industry in Europe continues to adjust to new global markets in the wake of more than two years of turmoil.

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    By purchasing the shares in Nature Energy, Shell has acquired the largest producer of renewable natural gas (RNG) in Europe. The purchase includes Nature’s portfolio of operating plants, associated feedstock supply and infrastructure. Perhaps most importantly, the purchase also nets Shell with a solid pipeline of growth projects and in-house expertise in the design, construction, and operation of innovative RNG plant technology.

    Related: Shell Works On $9.5B Deal With ConocoPhillips

    This acquisition supports Shell’s ambitions to build an integrated RNG value chain at global scale and to profitably grow its low-carbon offerings to customers across multiple sectors. With the push to de-carbonize industrial and economic activity taking hold across much of the developed world, this step should strengthen Shell’s position as it moves away from ‘dirty’ oil for energy generation.

    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.