Close this search box.

Terminal News

BP agrees to buy US biogas company Archaea Energy 

Written by...

Picture of Meenal Datar

Meenal Datar

Membership specialist
BP tanker truck refilling

BP has announced that it has agreed to acquire Archaea Energy, a leading producer of renewable natural gas (RNG) in the US, as a part of a move towards expansion and accelerating growth of its strategic bioenergy business.  

BP expects investment into its energy (?) transition growth businesses to reach more than 40% of its total annual capital expenditure by 2025, aiming to grow this to 50% by 2030.  

Archaea operates 50 RNG and landfill gas-to-energy facilities across the US. BP’s agreement to buy Archaea will build upon the company’s existing biogas business, whilst maintaining financial discipline.  

Share this article:

Latest terminal news

All News

Chevron Joins National Carbon Capture Centre

The US Department of Energy facility, National Carbon Capture Centre (NCCC), has finalised an agreement welcoming Chevron as the project’s newest industrial member. Chevron joins BP, ExxonMobil and TotalEnergies as

Read More