Written by Kfir Kedem – November 30, 2022
Reviewed by Asaf Kedem
Shell, one of the largest global energy companies, is buying enough shares in Nature Energy to acquire the company. Nature Energy produces Renewable Natural Gas (RNG) and has been doing so since the late 70s. The gas is created from industrial, household, and agricultural waste.
The acquisition will be worth about $2 billion and will be invested in collaboration with Davidson Kempner Capital Management LP, Pioneer Point Partners and Sampension. As a result, the parties will have 100% ownership of Nature Energy.
Auto Trendy’s take:
Although Shell is investing heavily in electric infrastructure such as solar or automotive chargers, its main value stream still comes from its oil/fuel distribution. With this investment, Shell would be able to reduce its carbon footprint while still using its pre-established distribution networks to get energy (in the form of gas) to its customers.