IFM's Mobius acquires Air Liquide's global assets

Mobius Renewables, a low carbon fuels platform owned by IFM Investors, has acquired Air Liquide's biogas production activities in the United States, France, Norway, and Sweden.

Mobius Renewables develops, owns, and operates projects that capture methane emissions from waste streams and convert them into low-carbon energy, helping customers in meeting their sustainability and net-zero commitments.

The acquisition includes six operating landfill gas-to-RNG (Renewable Natural Gas) sites in the US, five operating farm waste sites in France, and a 51% interest in Redo Biosolutions with production and distribution assets across Norway and Sweden.

Mobius Renewable said the acquired portfolio will be a meaningful addition for the firm to accelerate the development, production, distribution, and commercialisation of RNG at scale across North America and Europe.

"I am thrilled to welcome new teams from the US, France, Norway, and Sweden to Mobius Renewables," Mobius Renewables president and chief executive Cynthia Walker said.

"With this transaction, our teams can now focus on improving operations and investing in new projects as we set the foundation for future global growth. We remain partnership-focused and have an unparalleled position with the right expertise, the right capital, and the right mindset to unlock value for our partners while accelerating measurable progress toward their sustainability goals."

It said generating and distributing over 5.5 million MMBtu (metric million British thermal units) of renewable natural gas each year from landfill gas and anaerobic digestion, Mobius Renewables is well positioned to become a leading producer of RNG globally.

This acquisition, it said, reaffirmed IFM's commitment to the low-carbon fuels sector and will help advance both organic development and targeted acquisitions.

Mobius Renewables, GreenGasUSA (IFM's existing platform) and the acquired portfolio will operate under one brand.