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Insider UK
Insider UK
Business
Henry Saker-Clark, PA Deputy Business Editor

BP to buy US biogas producer Archaea Energy for £3.6bn

BP has sealed a $4.1bn (£3.6bn) deal to buy US renewables firm Archaea Energy as it continues to push towards its net zero ambitions.

The British fuel giant has moved for the biogas producer in a bid to rapidly grow its alternative fuels business.

It has offered to buy Archaea for $26 per share, representing $3.3 billion dollars, and will take on debt worth a further $800m.

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