OG Clean Fuels, a Dutch company specializing in sustainable fuel solutions, has transitioned to a new ownership structure as ABN AMRO Sustainable Impact Fund and Meewind divested their shares to Pioneer Point Partners. The acquisition signals a strategic move in the clean energy sector, aimed at accelerating OG Clean Fuels’ expansion across Europe. This shift in ownership comes at a time when demand for decarbonized fuel alternatives is increasing, particularly for heavy-duty vehicles. The deal will enable OG Clean Fuels to reinforce its role in providing multi-fuel solutions across its extensive network of fueling stations.
ABN AMRO Sustainable Impact Fund previously played a critical role in OG Clean Fuels’ expansion, having invested in the company in 2018. Since then, OG Clean Fuels has grown from a small operation in the Netherlands to an international business with more than 300 fueling stations across Germany, Sweden, Italy, and the Netherlands. Compared to earlier reports, the company’s shift towards fueling heavy-duty vehicles has become more pronounced, aligning with the broader industry trend towards decarbonization in logistics and transportation.
What does the acquisition mean for OG Clean Fuels?
Pioneer Point Partners has become the majority shareholder and plans to invest over €150 million in OG Clean Fuels over the next five years. This investment will be directed towards furthering the company’s role as a provider of low-emission fuel solutions, catering to logistics and transportation companies. OG Clean Fuels intends to expand its network of refueling stations and offer a broader range of sustainable fuel options, including bio-CNG, bio-LNG, hydrogen, and electric charging.
Sam Abboud, Managing Partner at Pioneer Point Partners, stated,
“We are excited to work with the management team to further expand OG’s network of clean fuel stations in Europe. This is the first important step in our ambition to develop OG into the leading platform for green road transport infrastructure in Europe.”
How will OG’s leadership adapt to the transition?
Despite the change in ownership, OG Clean Fuels’ leadership remains intact, with CEO Marcel Borger and COO Jeroen Meiberg continuing as shareholders. This continuity is expected to provide stability during the transition and ensure the company remains focused on its strategy of addressing the needs of the heavy-duty transport sector. Under their leadership, OG Clean Fuels has built relationships with major logistics companies such as DHL, Amazon (NASDAQ:AMZN), and Edeka.
Commenting on the partnership, Borger remarked,
“This investor fits perfectly with our culture and goals, as well as our ambition. We love not only the goal but also the journey to get there.”
ABN AMRO Sustainable Impact Fund and Meewind have played significant roles in OG Clean Fuels’ expansion over the past six years. With their backing, OG Clean Fuels transitioned from primarily serving passenger vehicles to focusing on heavy-duty transport. The company significantly expanded its refueling station network and diversified its fuel offerings. This transformation aligns with broader sustainability goals in the transport industry, as companies seek to reduce carbon emissions.
Chrisbert van Kooten, General Manager at Meewind, explained,
“We saw the potential of OG Clean Fuels and supported the management in expanding their network and fuel portfolio. With this sale, Meewind’s role is over; this frontrunner of the energy transition is ready for the next step.”
As OG Clean Fuels moves forward under Pioneer Point Partners, the focus will be on scaling its operations and strengthening its presence in the European market. The increasing demand for sustainable fuel solutions presents both an opportunity and a challenge, particularly as competition grows in the clean mobility sector. The company’s ability to integrate new technologies and expand its fuel offerings will be crucial in maintaining its position in the market. Looking ahead, the investment from Pioneer could enable OG Clean Fuels to further enhance its infrastructure and develop new partnerships to meet the evolving needs of the transportation industry.
