Pioneer Point Partners LLP is pleased to announce its acquisition of OG Clean Fuels B.V.,  a leading owner and operator of clean fuels filling stations, based in the Netherlands. OG is the second investment through Pioneer’s second institutional fund, Pioneer Infrastructure Partners II SCSp.

OG has 325 filling station locations which offer compressed biomethane (“bio-CNG”), liquefied biomethane (“bio-LNG”), electric vehicle charging, hydrogen and liquid biofuels across Germany, the Netherlands, Sweden and Italy. OG purchases biomethane, green power and green hydrogen from local producers and sells these clean fuels onwards to road transport users through the filling stations.

Founded in 2008, OG started as a supplier of bio-CNG for passenger cars and vans in the Netherlands. Over time, OG’s strategy has evolved to target the heavy goods vehicles market, including providing on-depot filling stations with volumes secured under long-term offtake contracts. OG currently operates and has under construction nearly 30 on-depot stations that provide bio-CNG refuelling for heavy goods vehicles, with customers including DHL and EDEKA in Germany and major bus companies in Sweden.

Pioneer acquired the Company from ABN AMRO Sustainable Impact Fund and a fund managed by Meewind. The Fund’s commitment will finance the acquisition of the Company as well as an immediate investment to finance the roll-out of OG’s near-term pipeline of new clean fuel filling stations in Germany.

Pioneer’s vision is for OG to invest more than €150m over the next five years to continue the Company’s journey to becoming a multi-fuel decarbonisation solutions provider for large logistics and transport companies as well as heavy goods fleet operators. This vision is shared with OG’s founder and CEO, and COO, who will remain as shareholders with a minority stake in the Company alongside Pioneer to execute this strategy.