BP PLC mentioned it had agreed to buy U.S. biogas producer Archaea Energy for $3.3 billion plus credit card debt in a wager on developing demand from customers from consumers for renewable gas.
The British oil important stated Monday that the acquisition of Houston-centered Archaea—its greatest deal due to the fact its 2018 acquisition of U.S. shale assets—would grow the company’s clean up-energy portfolio. BP, like other big oil firms, is shifting additional assets into decreased-carbon energy, even as it carries on with its core business enterprise of generating oil and fuel.
