Subscribe  Log in | Register | Advertise | Digital Issue   |   Search
  • CCUS
  • Cap & Trade Markets
  • Voluntary Markets & Offsets
  • Corporate & Finance
  • Net Zero Strategies
Search
Related Articles
BP softens emissions goals in push for ‘orderly’ transition
Oil and gas major revises down scope three targets as it plans slower reductions in oil and gas production to 2030
Deep emissions cuts drive CCUS to emerging economies – BP
India and China lead CCUS deployment under optimistic emissions reduction scenarios set out by oil major
BP announces $4.1bn Archaea acquisition
The oil major aims to expand its presence in the US biogas industry
BP and Hertz to develop North American EV charging network
The oil major’s charging subsidiary will support Hertz’s growing EV fleet
European majors to spend over a third of capex on low carbon by 2025
Six of the largest European oil and gas firms have set 2025 targets for low-carbon investment as part of their climate transition plans, with goals to increase spending by 2030
BP to invest in UK EV battery-testing facility
Project will help develop fluid technologies for managing temperatures in batteries to improve efficiency
BP opens first electric truck-charging points
Oil major launches two charging points in Germany aimed at medium- and heavy-duty trucks
Air Liquide enters China biomethane sector
French industrial gases company to launch production at new facility in Jiangsu province by end of year
Denmark invests in biomass pyrolysis for carbon removal
Startup aims to store emissions from waste crops as solid biochar
BP acquires controlling stake in Australian renewables project
Oil major buys 40.5pc share in Australian Renewable Energy Hub, which will supply power to local mines and produce green hydrogen and ammonia
BP aims to expand its biogas business
BP Biogas
Polly Martin
18 October 2022
Follow @PetroleumEcon
Forward article link
Share PDF with colleagues

BP announces $4.1bn Archaea acquisition

The oil major aims to expand its presence in the US biogas industry

BP has announced it will buy US renewable natural gas (RNG) firm Archaea for $3.3bn in cash, as well as providing around $800mn of net debt, in an effort to expand its biogas business. RNG can be used interchangeably with fossil fuel-based natural gas. And while it is not zero-carbon, as it is derived from organic waste, its use results in lower lifecycle greenhouse gas emissions than fossil fuel-based gas, which could help BP meet its interim targets to reduce the carbon intensity of its energy products by 5pc by 2025 and 15-20pc by 2030. Archaea operates 50 RNG and landfill gas-to-energy facilities in the US and produces around 6,000bl/d oe. The acquisition is expected to provide an immedi

Welcome to the PE Media Network

PE Media Network publishes Petroleum Economist, Hydrogen Economist and Carbon Economist to form the only genuinely comprehensive intelligence service covering the global energy industry

 

Already registered?
Click here to log in
Subscribe now
to get full access
Register now
for a free trial
Any questions?
Contact us

Comments

Comments

{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
Drax pauses world’s largest Beccs project
21 March 2023
Major biomass power generator says £2bn project cannot proceed without clarity on UK government support for technology
BP and CNPC explore Hainan CCUS project
21 March 2023
European oil major agrees to work with CNPC as Chinese state company seeks international partnerships to grow deployment of CCUS
Mercuria to invest $500mn in nature-based projects
20 March 2023
Commodities trader aims to generate carbon credits for use in voluntary and compliance markets via new investment vehicle
Shell rejects calls for new scope three targets
17 March 2023
Oil major pushes back on shareholder demands amid easing ESG pressures on industry

Share PDF with colleagues

COPYRIGHT NOTICE: PDF sharing is permitted internally for Petroleum Economist Gold Members only. Usage of this PDF is restricted by <%= If(IsLoggedIn, User.CompanyName, "")%>’s agreement with Petroleum Economist – exceeding the terms of your licence by forwarding outside of the company or placing on any external network is considered a breach of copyright. Such instances are punishable by fines of up to US$1,500 per infringement
Send

Forward article Link

Send
Sign Up For Our Newsletter
Project Data
Maps
PE Store
Social Links
Social Feeds
  • Twitter
Tweets by Carbon Economist
Featured Video
Home
  • About us
  • Subscribe
  • Reaching your audience
  • PE Store
  • Terms and conditions
  • Contact us
  • Privacy statement
  • Cookies
  • Sitemap
All material subject to strictly enforced copyright laws © 2023 The Petroleum Economist Ltd
Cookie Settings
;

Search