The energy giant has secured the firm to help speed up the growth of its bioenergy business, one of five strategic divisions
It will also take on around
The company expects the investment into the businesses to reach more than 40 per cent of its total annual capital expenditure by 2025, aiming to grow this to around 50 per cent by 2030.
Bioenergy is a form of renewable energy that is derived from recently living organic materials known as biomass, which can be used to produce transportation fuels, heat, electricity, and products.
Acquiring Archaea will also boost its presence in the US, helping to support its decarbonisation goals in the world's biggest economy.
The energy giant aims to reduce its carbon intensity to net zero by 2050 or sooner.
It will accelerate our key bioenergy growth engine, creating a real leader in the biogas sector, and support our net zero ambition."
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