EnviTec Biogas acquires Uniper subsidiary LIQVIS
Germany-headed biogas all-rounder EnviTec Biogas AG has announced that its has acquired liquefied natural gas (LNG) distributor LIQVIS GmbH from compatriot energy major Uniper SE. Founded in 2015, LIQVIS operates a total of 18 LNG filling stations in Germany and France at strategic traffic hubs with particularly high truck traffic.
As of January 31, the former Uniper subsidiary will operate under the umbrella of the EnviTec Biogas Group as “LIQVIS powered by EnviTec Biogas”. The value of the transaction has not been disclosed.
With the acquisition of LIQVIS GmbH, we are expanding our value chain to include the operation of our own LNG filling stations. The decision to take over the company and its team is a logical continuation of our corporate development, said Olaf von Lehmden, CEO of EnviTec Biogas.
EnviTec Biogas plans to utilize LIQVIS’ existing LNG filling station infrastructure to sell bioLNG exclusively, produced at EnviTec’s own BioEnergie Park Güstrow, among other locations.
With regard to sales volumes, LIQVIS is a perfect match for the current production volumes of fuel-grade biomethane, including biomethane from our own plants in Forst, Friedland, and Güstrow among others, added Jörg Fischer, CFO of EnviTec Biogas.
Compared to conventional fossil LNG, bioLNG allows for a significant reduction in carbon emissions.
We are pleased to have found a takeover partner in EnviTec Biogas who will continue on the path taken by LIQVIS, thereby helping to reach the goal of climate neutrality in heavy-duty transport, said Sebastian Gröblinghoff, VP of Green Fuels and M&A Project Lead for the sale of LIQVIS GmbH at Uniper SE.
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