Molgas completes full acquisition of Titan Clean Fuels

Molgas Energy Group has completed the full acquisition of Titan Energy Holding, the parent company of Titan Clean Fuels. This strategic move follows Molgas’ initial 45% stake in Titan and significantly enhances its position in the clean marine fuels market. Titan is recognized as a leading supplier of liquefied biomethane and LNG, serving both maritime and industrial sectors across key global markets.

Strengthening Clean Fuel Operations

The acquisition of Titan marks a pivotal moment for Molgas as it integrates Titan’s operations with its own. Titan operates a fleet of small-scale bunkering vessels, primarily in Northwest Europe, which will now merge with Molgas’ existing LNG operations in Norway. This integration will streamline truck-to-ship supply services across Norway and continental Europe, creating a more robust network for clean fuel distribution.

With this acquisition, Molgas now boasts a fleet of seven LNG bunkering vessels and manages over 70 road-fuelling stations, expanding its reach to more than 200 points of sale, including partner stations. This enhanced infrastructure positions Molgas as a leader in providing downstream LNG and bio-LNG solutions for various sectors, including industrial, road transport, and marine customers. The growing demand for sustainable energy solutions, driven by tightening regulations such as the EU ETS and FuelEU Maritime, places Molgas and Titan at the forefront of the transition to cleaner mobility and logistics.

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Niels den Nijs, who will lead Molgas’ Marine Business as Executive Vice President, Marine, emphasized the importance of this acquisition. He stated that the collaboration with Titan has laid a strong foundation for expanding their capabilities in delivering integrated bunkering services across Europe.

Future Prospects and Leadership Changes

The leadership transition following the acquisition sees Niels den Nijs stepping into a pivotal role, overseeing all marine activities. His experience, combined with Titan’s established reputation, is expected to enhance the company’s ability to meet the increasing demand for clean marine fuels.

Sofoklis Papanikolaou, CEO of Molgas, expressed enthusiasm about the acquisition, highlighting the innovative spirit of the Titan team and their shared commitment to decarbonization. He noted that this partnership will enable them to build a comprehensive platform for delivering LNG and bio-LNG solutions across Europe and beyond.

Athanasios Zoulovits, a partner at InfraVia Capital Partners, underscored the significance of Titan’s expertise in positioning Molgas to lead the clean marine fuel market. He expressed pride in supporting Molgas’ mission to accelerate the energy transition across various sectors.

As the maritime industry evolves, Titan remains committed to providing flexible and cost-effective clean fuel solutions, recognizing the critical role that LNG, LBM, and e-methane play in achieving net-zero shipping emissions. The integration of Titan into Molgas Energy Group is poised to enhance their collective impact on the clean fuels landscape.