| Published: Just nowWell-known multinational oil and gas company, BP will reportedly purchase U.S.-based RNG (renewable natural gas) producer, Archaea Energy for around $4.1 billion. For the unversed, Archaea, based in Houston, Texas, operates nearly fifty landfill gas-to-energy and RNG facilities across the United States. RNG, or biogas, is a gas captured from organic waste in landfills or farms. Meanwhile, BP seeks to increase Archea's output 5X by 2030 to 30,000 boed (barrels of oil equivalent per day), stated Looney. Apparently, BP already holds a larger biogas business producing around 11,000 boed.

Source: Economic Times October 19, 2022 13:44 UTC