InfraVia backed Molgas becomes Titan's strategic partner

Titan Energy Holding, the parent company of Titan Clean Fuels (hereafter Titan) closed a successful funding round for a 45% equity stake with further follow-on rights from Molgas Energy, backed by infrastructure fund investor InfraVia Capital Partners. 

Molgas is a leader in small-scale downstream LNG and Renewable Gas supply and distribution in Western Europe with over 20 years' experience in the energy service sector for LNG to industrial, cogeneration, vehicular and maritime applications.

Titan is a leading independent liquified biomethane (LBM/bio-LNG) and LNG supplier to the maritime and industrial sectors. It owns and operates a diverse fleet of small-scale LBM/LNG supply vessels deployed globally. LBM/LNG has been safely delivered via Ship-to-Ship operations across Northern Europe, the Mediterranean, Southeast Asia, Cape Verde Islands, and the Caribbean. Titan is part of the consortium building the world's largest LBM liquefaction plant in the Port of Amsterdam, which will produce over 100,000 tonnes of LBM per year. The investment in Titan aims to accelerate the global uptake of alternative fuels like LBM in the maritime sector and complements Molgas' build-out of alternative fuels supply across Europe and beyond. Molgas' entrepreneurial growth journey is made possible with the support and financial strength of Paris-based InfraVia Capital Partners.

Niels den Nijs, CEO of Titan, commented:

"We have been considering a growth partner for some time and believe we have found the perfect partner in InfraVia and Molgas. Titan will retain independence, while benefiting from the complementary service offering of Molgas. Legislation and public scrutiny are stimulating the demand for low and zero-emissions fuels with growing momentum. The new capital will allow us to accelerate our growth plans and focus all our efforts on the maritime sector exactly at the time of fast-growing market need."

Fernando Sarasola, Executive Chairman of Molgas, commented:

"We are thrilled to team up with Titan, which we recognize as the leading independent company in the marine bunkering field. Our portfolio of complementary offers will establish the group as the "go to" partner for energy transition LNG and alternative fuels to off-grid industrials, trucking and maritime businesses across Europe. This investment is part of the growth plan that the newly appointed executive team led by Sofoklis Papanikolaou, CEO and Juan Menchero, COO is set to implement in the coming years, with a lot of enthusiasm together with our pan-European teams. We look forward to growing our partnership with Niels den Nijs and the Titan team further and welcome his team in the wider group".

Athanasios Zoulovits, Partner at InfraVia Capital Partners, commented:

"The critical need for LNG as a transition fuel for the industrial, mobility and maritime sectors and its efficient pathway to further decarbonisation through LBM and e-LNG is becoming increasingly clear. Our acquisition of Molgas in 2020 enabled us to get started in this space. Molgas has grown at a fast pace to become a leader in onshore solutions in Western Europe. We have been working for a while together with Fernando Sarasola and the newly appointed CEO Sofoklis Papanikolaou to accelerate the roll-out of energy transition solutions for the marine industry. We are very pleased that Molgas will become the strategic partner of Titan who has the specialist expertise and scale to make the group a leader in the high growth maritime space. As other alternative fuels become commercially viable, Titan also has the specialist experience and pipeline to bring those fuels to the maritime space at scale".