Mercuria Clean Energy Investments and Pretoria Energy Group confirmed the purchase of the 100% shareholding of Nottingham-based Roadgas Limited, which owns and operates several bio-CNG and bio-LNG stations in the UK. This new acquisition will offer a new natural gas fueling partner to fleet managers working to decarbonize operations. The business will continue to be known as Roadgas Limited.
Roadgas offers customers a fully integrated package to decarbonize their fleets, constructing bespoke, on-site fueling solutions with UK-produced biomethane. The group plans to fuel more than 2,500 natural gas trucks annually within five years, reducing the heavy goods vehicle sector emissions at a critical moment in the energy transition.
Roadgas has built 30 LNG, CNG, and LCNG stations in the UK and operates a number of truck and bus fueling stations around the country today. The company’s build and operational capability will be bolstered by the financial and trading power of Mercuria and the certainty of supply of UK-produced waste-based biomethane from Pretoria.
The acquisition of Roadgas follows Mercuria’s successful investment and ongoing gas supply agreements with Beyond6 in North America. Mercuria’s intended investment program will support the expansion of a fueling station network throughout the UK, in the present highly concentrated UK market.
“Pretoria is committed to producing a significant and rapid increase in waste-based biogas volumes by 2028 compared to 2021 as part of our growth strategy,” said Steve Ripley, Managing Director of Pretoria. “This acquisition will advance our ability to deliver biomethane from our AD plants in the UK directly to haulage fleets, allowing operators to follow their fuel supply from the field to their vehicle’s tank.”
“Mercuria is delighted to have acquired Roadgas together with Pretoria,” said James Cooper, Mercuria’s Head of European Origination, Environmental Products. “Decarbonization of industry and transport is core to Mercuria’s commitment to global Energy Transition. The UK lacks scale in waste-based biomethane production and lags behind other European markets in the substitution of diesel for gas. Combining biomethane supply from Pretoria with Roadgas’ experience and reputation for design, engineering and operation of LNG and CNG refueling stations will provide a much more transparent solution for UK truck and bus operators looking to follow their fuels’ journey from feedstock to pump.”
“Working with Mercuria and Pretoria will allow us to fulfill the expansion plans we’ve had for the company since 2018. Through knowledge transfer and sharing of best practices, the newly expanded business will provide an end-to-end solution for fleet owners and managers. We look forward to a very successful partnership and to delivering more green gas refueling infrastructure projects on behalf of our clients,” added David Rix, Managing Director of Roadgas.
Source: Mercuria
