Ara Partners and CycleØ Acquire FNX Liquid Natural Gas to Form European Biomethane Platform
March 21, 2022
Ara Partners has partnered with Laurence Molke to create CycleØ Group and acquired FNX Liquid Natural Gas S.L., a Bilbao-based provider of biogas upgrading and liquefaction technologies. The transaction establishes CycleØ as a European biomethane platform focused on bio-G2V (vehicle) and bio-G2G (grid) markets, scaling biomethane production from agri-food and livestock waste.
- Buyers
- Ara Partners, CycleØ Group Limited
- Targets
- FNX Liquid Natural Gas S.L.
- Platforms
- CycleØ Group Limited
- Industry
- Renewable Energy
- Location
- Basque Country, Spain
- Transaction Type
- Buyout
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