BP aims to invest up to $8 billion more in its transition growth businesses this decade, increasing this to more than 40% of total annual capital expenditure by 2025, with the goal of increasing this to over 50% by 2030. 

Archaea Energy, a subsidiary of BP, recently announced announced  the official start-up of its initial Archaea Modular Design (AMD) renewable natural gas (RNG) facility in Medora, Indiana.

Rumpke Waste and Recycling operates a landfill adjacent to the plant.

This is the first facility to be operational after BP acquired Archaea in December 2022.

Archaea is a crucial component of BP’s goal to more than sixfold biogas supply volumes by 2030, reaching around 70,000 barrels of oil equivalent per day.

According to the US Environmental Protection Agency’s Landfill Gas Energy Benefits Calculator, the Medora facility can convert 3,200 cubic feet of landfill gas per minute  into RNG . This is enough gas to heat about 13,026 homes annually.

Although RNG plants have been custom-made, the Archaea Modular Design permits plants to be erected on skids with components that can be interchanged. Using a standardised modular design speeds up construction compared to prior industry standards. 

BP aims to invest up to $8 billion more in its transition growth businesses this decade, increasing this to more than 40% of total annual capital expenditure by 2025, with the goal of increasing this to over 50% by 2030. 

Bioenergy is one of five strategic transition growth engines that BP wants to quickly expand over the next decade, with a target of $2 billion EBITDA in 2025 and more than $4 billion in 2030. bp’s transition growth engines include convenience, EV charging, renewables & electricity, and hydrogen, in addition to bioenergy.

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