Shell plc is moving to substantially increase its global portfolio of renewable natural gas (RNG) with a nearly $2 billion acquisition deal to acquire Europe’s largest biogas producer, Nature Energy Biogas A/S.

Shell plc

Nature Energy, based in Denmark, currently produces around 6.5 Bcf/y of RNG from agricultural, industrial and household waste at 14 operational plants. The firm also has a project pipeline of around 30 plants proposed in Europe and North America that could increase production to an estimated 9.2 Bcf/y by 2030.

Downstream Director Huibert Vigeveno said the acquisition could help Shell add a European production platform that could combine with its existing U.S. RNG investments as it aims to reach net-zero emissions by 2050.

“We will use this acquisition to build an