Total Acquires PitPoint, strengthens natural gas vehicle fuel sector

Total acquires PitPoint, strengthens natural gas vehicle fuel sector

9:37 AM, 4th May 2017
Total logo

PARIS, FRANCE: Total SA is acquiring the Dutch company PitPoint BV, Europe’s third-largest provider of natural gas vehicle fuel. 

PitPoint BV is a market-leading integrated independent in alternative fuels with a network of around 100 natural gas fueling stations. The company is also involved in biogas, hydrogen and electric vehicle charging points for road and maritime transport. PitPoint B.V. has been growing strongly in several European countries such as the Netherlands, Belgium and Germany.

The acquisition will enable Total to significantly increase its presence in the natural gas vehicle fuel sector, in particular, to serve trucking and professional transport companies, and implement its plans to establish a network of 350 natural gas vehicles fueling stations in Europe by 2022, making Total the leader in natural gas vehicle fuel in Europe.

“Following the acquisition of Lampiris in 2016, this acquisition is part of Total’s strategy to expand its low-carbon businesses, notably through the development of natural gas in which the Group is a global leader. Unlocking gas demand with new usages for transport is central to our integrated strategy of expanding along the natural gas value chain,” said Patrick Pouyanne, chairman and CEO of Total.

“There is strong development potential for natural gas vehicle fuel in the transport sector. Our aim is to combine PitPoint’s technological and commercial expertise acquired over the last ten years with Total’s strong retail marketing network and client portfolio. PitPoint will thus be central to the Marketing & Services segment’s ambitions in the natural gas vehicle fuel sector in Europe, in line with the aim of offering our customers clean energy solutions,” added Pouyanne.

© Worldofchemicals News 

0 Comments

Login

Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News


New promising method to recycle carbon fibre composites

PULLMAN, US: Washington State University (WSU) research team for the first time, has developed a promising way to recycle the popular carbon fibre pla ...

Read more
Major breakthrough in 3D printing of glass

LIVERMORE, US: Lawrence Livermore National Laboratory (LLNL) scientists and academic collaborators have demonstrated the synthesis of transparent glas ...

Read more
BASF, HP Indigo to develop water-based adhesive solutions

LUDWIGSHAFEN, GERMANY: BASF SE has entered into a strategic collaboration with HP Indigo, the world’s leading manufacturer of digital printing p ...

Read more
Sabic, Airborne to advance digitised composites production processes

AMSTERDAM, THE NETHERLANDS: Sabic said that it has invested growth capital in composites specialist Airborne International BV (Airborne) in The Hague. ...

Read more
BioAmber announces listing of shares on Toronto Stock Exchange

MONTREAL, CANADA: BioAmber Inc (BIOA) said that its common shares will begin trading on the Toronto Stock Exchange (TSX) under the symbol “BIOA& ...

Read more
Total to explore Senegal’s deepwater potential

PARIS, FRANCE: Total SA and the Republic of Senegal, Africa have signed two agreements enabling Total to contribute to the exploration activities in S ...

Read more