bp accelerates and expands in bioenergy, agreeing to buy leading US biogas company Archaea Energy
Accelerates bioenergy growth Acquisition of a leading US renewable natural gas (RNG) producer will accelerate growth of bp's strategic bioenergy transition growth engineOperates 50 RNG and landfill gas-to-energy facilities across US, with development pipeline supporting potential for around five-fold increase in RNG volumes by 2030Doubles the EBITDA bp expects from biogas to around $2 billion by 2030; supports increase in bp's aim for EBITDA from transition growth businesses by 2030 from $9-10 billion to more than $10 billionAdds distinctive valueBuilds on bp's existing biogas business – expanding in the US, a key fast-growing geography for biogasExpect additional distinctive value through i
