Huibert Vigeveno, Shell’s downstream director, said energy transition policies and customer preferences signalled “strong growth in demand [for biogas] in the years ahead”, adding that Shell would use the acquisition to build out a global business for the fuel.
Biogas is produced primarily using waste from crops, animal manure and industrial activity through “anaerobic digestion”, a process by which bacteria break down organic matter in an oxygen-free environment. This is then purified into biomethane by extracting carbon dioxide and can then be treated identically to natural gas in the pipeline network.
In Europe, TotalEnergies has partnered with Veolia to produce biomethane from waste water, while Engie and container shipping giant CMA CGM in June agreed to co-invest in a biomethane plant in the French port city of Le Havre. Nature Energy chief executive Ole Hvelplund said the company was excited about its potential “to help address both the current energy insecurity, as well as the longer-term potential for biomethane capacity set out in the REPowerEU plan”.
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Shell to buy Danish firm Nature Energy for nearly $2bnShell has said it will acquire Danish biogas producer Nature Energy for nearly $2 billion, as it looks to boost its low-carbon business amid growing interest in biogas.
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