BP to Purchase US Biogas Producer for $4.1 Billion
- Last Updated on October 24, 2022
- Decarbonization
- Energy Efficiency
- Innovation
BP just made a major investment in its bioenergy business. According to Bloomberg (via EnergyNow), BP Plc agreed to purchase Houston-based biogas producer Archaea Energy Inc. for approximately $4.1 billion including debt. The acquisition is the latest example that the UK energy giant is expanding into lower-carbon fuels. As part of the agreement, BP will pay
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