Our growth ambitions in gas
As long ago as 1980, Oiltanking began storing and handling LPG at our terminal in Karlsruhe, Germany. In 2016, Oiltanking made the strategic decision to strengthen the sustainability of our business portfolio by actively expanding our involvement in gas with projects involving pressurized and refrigerated tanks for gaseous products such as LNG, NGLs (propane & butane), and other chemical gases.
The recent acquisition of Mabagas GmbH by IOT Infrastructure and Energy Services Limited (IOT) in India marked another step in our journey of executing this strategy. One of the specific motivations for the acquisition was Mabagas’ development of an innovative technology for processing biogas into natural gas and marketing it as CBG (Compressed Bio Gas).