Molgas Energy Group has completed the full acquisition of Titan Energy Holding, the parent company of Titan Clean Fuels, following an initial 45% stake purchase.
The transaction combines Titan’s LNG bunkering business with Molgas’s existing operations, creating a fleet of seven LNG bunkering vessels.
Titan supplies liquefied biomethane and LNG to customers through small-scale bunkering vessels, with operations concentrated in Northwest Europe. The company’s ship-to-ship and truck-to-ship bunkering services will now be integrated with Molgas’s continental European operations.
The combined entity positions itself to serve marine customers across Europe as demand for alternative fuels grows amid tightening regulations, including EU ETS and FuelEU Maritime.
Niels den Nijs, former CEO of Titan, will lead Molgas’s Marine Business as Executive Vice President, Marine, overseeing integrated bunkering services across Europe.
Sofoklis Papanikolaou, CEO of Molgas, said: “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. The success of our initial collaboration laid the groundwork for this acquisition, which significantly extends our reach and capabilities.”
Den Nijs commented: “From the start, our partnership with Molgas was a strong strategic fit, and I’m very happy to join their board. By joining forces fully, we substantially strengthen our balance sheet and joint commercial reach.”
Molgas provides a range of services across European waters, including ship-to-ship, truck-to-ship and terminal-to-ship operations.
Headquartered in Madrid, Molgas is backed by infrastructure investor InfraVia Capital Partners. Athanasios Zoulovits, Partner at InfraVia, said: “As the maritime industry undergoes a major transformation, Titan’s expertise positions Molgas to lead in delivering scalable clean marine fuel solutions.”
