Swedish FordonsGas acquired by Air Liquide
Air Liquide, a producer of high value-added gases, has signed an agreement for the acquisition of FordonsGas, a company that distributes compressed biogas (CBG) for the Swedish transportation market.
FordonsGas owns and operates more than 40 CBG stations in Sweden, making it one of the largest distribution networks for this alternative fuel in the country. These filling stations enable owners and users of natural gas vehicles (NGVs), e.g. taxis, corporate vehicle fleets, buses and passenger cars, to acquire fuel that is more environmentally friendly – almost 70% is produced from renewable energies.
In Sweden, Air Liquide has supplied its gas liquefaction technologies to one of the world's largest facilities for biogas production. This acquisition will therefore complement the group's existing activities.
The acquisition is expected to be complete by the end of this year.
In 2009, the Swedish government rolled out an Energy and Climate policy with the objectives of reducing greenhouse gas emissions by 40% between now and 2020, and eliminating the use of fossil fuels in the transportation sector entirely by 2030.