BP finalises purchase of Archaea Energi

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BP har gått et skritt videre i sitt strategiske mål om å diversifisere til bioenergi ved å fullføre oppkjøpet av en fremtredende produsent av fornybar naturgass (RNG) kalt Archaea Energy, etter å ha sikret regulatorisk og aksjonærgodkjenning for avtalen.

RNG kan brukes som drop-in-erstatning for tradisjonell naturgass, men den har lavere livssyklusutslipp av klimagasser på grunn av at den produseres fra nedbrytende organisk avfall.

When it announced it had reached an agreement to purchase Archaea in October 2022, BP said the purchase would bring distinct value by building on its own biogas business and allowing it to expand into the fast-growing biogas market in the United States, as well as delivering further value by integrating it with BP’s global network of customer relations and trading capability.

BP America’s president and chairman, Dave Lawler, said about the acquisition:

"Vi ser enorme muligheter til å vokse vår bioenergivirksomhet ved å bringe Archaea fullt ut i bp. Talentet, ekspertisen og lidenskapen til teamet deres har latt dem oppnå utrolig vekst så langt, og vi er glade for å støtte neste kapittel i tråd med vår strategi."

BP, which also makes the Castrol metalworking and lubricant products, has strategically targeted five growth engines, including biogas, to enable its transition to becoming a net-zero business by 2050. By 2025, the company expects over 40% of its capital expenditure each year to be investment in these growth engines, with this rising to near 50% by the end of the decade.

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