BP
BP is a multinational energy company that engages in the exploration, production, refining, and marketing of oil and natural gas. It also provides trading and shipping services for these commodities. BP's upstream segment involves global exploration and production of oil and natural gas, while its downstream operations refine crude oil into various petroleum products for worldwide distribution. In line with its commitment to sustainability, BP has expanded investments in renewable energy sources such as wind, solar, and biofuels through its Alternative Energy division. BP Ventures, the company's venture capital arm, invests in private, high-growth technology companies to accelerate innovation across the energy spectrum, supporting BP's transition to a low carbon company.
Archaea Energy
Acquisition in 2022
Archaea Energy, LLC is a developer and producer of renewable natural gas (RNG) based in Belle Vernon, Pennsylvania. Founded in 2018, the company focuses on capturing waste emissions and transforming them into low-carbon fuel, providing a sustainable solution for high-carbon emission processes that are difficult to electrify. Archaea Energy operates an RNG platform that encompasses the development, construction, and maintenance of RNG facilities across the United States. Through its efforts, the company aims to contribute to decarbonization and the transition to cleaner energy sources.
Gasrec
Venture Round in 2021
Gasrec is a leading provider of biomethane and low-emission natural gas specifically for the transportation sector. The company specializes in the design, construction, and operation of refueling stations that utilize compressed natural gas (CNG) and liquefied natural gas (LNG). Gasrec offers a range of services, including bespoke refueling facilities tailored to client needs, as well as maintenance and expansion services for existing stations. By providing both customer-specific and open-access gas stations, Gasrec aims to enhance economic efficiency and reduce emissions for fleet operators in the road transport industry.
Veba Oel AG
Acquisition in 2001
Veba Oel AG engages in the exploration and production of crude oil and natural gas, the processing of crude oil and the marketing of the finished products, consisting essentially of motor fuels, heating oils, chemical feedstock and plastics.
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