BP to acquire Archaea Energy Inc

Subscribe to our newsletter and get the latest news and business opportunities in your inbox

BP has announced that it has agreed to acquire Archaea Energy Inc., a leading producer of renewable natural gas (RNG) in the US.

Based in Houston, Texas, Archaea Energy has a development pipeline of more than 80 projects that underpin the potential for around five-fold growth in RNG production by 2030. Through this transaction BP expects to expand presence in the US biogas industry, enhancing its ability to support customers’ decarbonization goals and also progressing its aim to reduce the average carbon intensity of the energy products it sells.

The transaction will be valued for US$3.3 billion in cash, as well as around US$800 million of net debt. The acquisition is subject to regulatory and Archaea shareholder approval. Morgan Stanley & Co. LLC is acting as financial adviser to bp and Freshfields Bruckhaus Deringer as lead legal adviser to BP.

List of the country updates

Country updates

  • October 20, 2022

    Tender issued for developer in USA

    The Houston Airport System has issued a tender seeking a developer for the construction of a replacement ARFF 92 station at George Bush Intercontinental Airport that meets the programmatic and op...

    Read more
  • October 19, 2022

    Hydro-Québec to acquire Great River Hydro

    Hydro-Québec has announced the US$2 billion acquisition of Great River Hydro (GRH), LLC, which owns 13 hydropower generating stations with a total installed capacity of 589 MW AC...

    Read more
  • October 18, 2022

    GIP acquires Atlas renewable energy from Actis

    Global Infrastructure Partners has announced that it has completed the acquisition of Atlas Renewable Energy from Actis. Founded in 2016 with the support of Actis, Atlas is the second large...

    Read more
  • October 18, 2022

    Everest acquired communications tower assets from PeakNet

    Everest Infrastructure Partners, through EIP Holdings II LLC, has completed the acquisition of a portfolio of wireless communications tower assets from PT Holding Company LLC, PeakNet LLC and PeakNet...

    Read more
  • October 13, 2022

    Phoenix starts procurement for air cargo PPP project

    The City of Phoenix Aviation Department is planning a public-private partnership (PPP) for the Northwest Air Cargo Development in Phoenix, Arizona, USA. The selected private partner will be responsib...

    Read more

Share this update