Molgas Energy Group, backed by infrastructure investor InfraVia, has completed the full acquisition of Titan Energy Holding, parent company of Titan Clean Fuels.
The Madrid-headquartered company said the transaction, which follows Molgas’ initial 45% minority stake, marks a major step forward in the group’s strategic growth in the clean marine fuels sector.
Titan, a well-known supplier of liquefied biomethane (LBM/bio-LNG) and LNG, operates a fleet of small-scale bunkering vessels across key global markets, with a strong base in the Northwest European region.
Its 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.
With the integration of Titan, the Molgas Energy Group now operates a fleet of seven LNG bunkering vessels and manages a network of over 70 road-fuelling stations, with more than 200 points of sale including associated partner stations.
Following the transaction, Niels den Nijs will lead Molgas’ marine business as executive vice president, marine. He will oversee all marine activities, delivering integrated end-to-end ship-to-ship and truck-to-ship bunkering services across Europe.
Sofoklis Papanikolaou, chief executive officer of Molgas, said the integration “builds a robust platform to deliver LNG and bio-LNG solutions across Europe and beyond,” while Niels den Nijs, CEO of Titan, noted that “together, we will scale our clean fuel solutions for the maritime sector at a time of accelerating demand and regulatory tail winds.”
