Molgas Energy Group acquires Titan Clean Fuels

Molgas Energy Group has completed the full acquisition of Titan Energy Holding, parent of Titan Clean Fuels, consolidating its activities into a single integrated company focused on downstream LNG and bioLNG in Europe.

The announcement stated the deal follows Molgas’ earlier 45% minority stake and is described as a step in the group’s growth strategy in clean marine fuels.

The combined platform brings together Titan’s LNG bunkering operations with Molgas’ activities in Norway and merges truck-to-ship supply across Norway and continental Europe.

Post-integration, Molgas reports a fleet of seven LNG bunker vessels and a network of more than 70 owned road-fuelling stations, supported by over 200 points of sale including partner sites. The companies present this footprint as a pan-European offer to industrial, road transport and marine customers.

Molgas chief executive Sofoklis Papanikolaou said the collaboration to date had laid the groundwork for the transaction. He said Niels den Nijs and the Titan team are pioneers who had grown Titan into a reliable LNG bunkering operator, and the acquisition extends Molgas’ reach and capabilities while adding specialist marine-fuels expertise.

Mr Papanikolaou said the group would build a platform to deliver LNG and bioLNG across Europe and beyond.

Following completion, Molgas executive vice president, marine Niels den Nijs will lead the group’s marine business, overseeing ship-to-ship and truck-to-ship bunkering services in Europe.

Mr den Nijs said the partnership with Molgas is a strong strategic fit, that he will join the Molgas board, and combining the businesses strengthens the balance sheet and commercial reach. He said the integration will help scale clean fuel solutions for the maritime sector and maintain a focus on delivering economical fuel at scale to support decarbonisation.

InfraVia Capital Partners partner Athanasios Zoulovits said Titan’s expertise positions Molgas to lead in delivering scaleable clean marine fuel solutions and InfraVia supports Molgas’ mission across industrial, mobility and maritime markets.

Titan chairman of the board Jogchum Brinksma said the move will help propel the company towards a global strategic position at the scale required for the alternative fuels transition.

The companies state LNG and bioLNG are recognised as scaleable, lower-emissions options and refer to growing demand linked to regulatory drivers.