Molgas acquires Titan to boost growth in clean marine fuels sector

Spain-based downstream LNG and renewable gases company Molgas Energy, backed by France-based infrastructure investor InfraVia Capital Partners, has finalized the full acquisition of the Netherlands-based Titan Energy Holding, parent company of Titan Clean Fuels.

According to Molgas, the transaction, which follows its initial 45% minority stake, marks a step forward in the company’s growth in the clean marine fuels sector.

Titan, a supplier of liquefied biomethane (LBM/bio-LNG) and LNG, serves both maritime and industrial customers, and its fleet of small-scale bunkering vessels operates globally. As disclosed, Titan’s LNG bunkering operations will merge with Molgas’ existing operations in Norway, and all truck-to-ship supply across Norway and continental Europe will now be combined.

It is understood that with the integration of Titan, Molgas now operates a fleet of seven LNG bunkering vessels and manages a proprietary network of over 70 road-fueling stations, with more than 200 points of sale, including associated partner stations.

Following the transaction, Niels den Nijs, CEO of Titan, will lead Molgas’ Marine Business as Executive Vice President, Marine.

Sofoklis Papanikolaou, CEO of Molgas,