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Madrid-based Molgas announced on Tuesday that it has acquired Titan Energy Holding, the parent company of Titan Clean Fuels.
The transaction follows Molgas’ initial 45 percent minority stake purchase in Titan in 2023, and marks a “major” step forward in the group’s strategic growth in the “clean marine” fuels sector.
Molgas did not provide the pricing details of the deal.
Titan supplies liquefied biomethane (LBM/bio-LNG) and LNG, serving both maritime and industrial customers.
Its fleet of small-scale bunkering vessels operates across key global markets, with a strong base in the Northwest European region.
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.
Seven LNG bunkering vessels and over 70 stations
With the integration of Titan, the Molgas Energy Group 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.
Molgas said this expanded footprint positions the group as a “pan-European leader” in downstream LNG and bio-LNG solutions for industrial, road transport, and marine customers.
Following the transaction, Niels den Nijs, CEO of Titan, will lead Molgas’ marine business as executive VP, marine.
He will oversee all marine activities, delivering integrated end-to-end ship-to-ship and truck-to-ship bunkering services across Europe.
“Niels and the Titan team started as true pioneers, showing remarkable innovation and have grown Titan into one of the sector’s most reliable LNG bunkering operators,” Sofoklis Papanikolaou, CEO of Molgas, said.
“The success of our initial collaboration laid the groundwork for this acquisition, which significantly extends our reach and capabilities,” he said.
“We are welcoming to the group a very experienced team, with leading specific expertise in marine fuels and decarbonisation. Together, we will build a robust platform to deliver LNG and bio-LNG solutions across Europe and beyond,” Papanikolaou said.
