BP to Buy U.S. Biogas Producer Archaea for $4.1 Bln
BP will buy U.S.-based renewable natural gas (RNG) producer Archaea Energy for about $4.1 billion, the companies said on Monday, as the British energy major seeks to expand its alternative fuels business.
The deal will the largest ever RNG acquisition, topping Chevron Corp's $3.15 billion buyout of biodiesel maker Renewable Energy Group Inc earlier this year.