Rotterdam Port Fund invests in LNG
Rotterdam Port Fund (RPF) and NIBC Bank have jointly acquired a majority interest in Rolande, the developer and operator of LNG filling stations and producer of bio-LNG.
Rolande is helping logistics service providers make the switch to LNG as a fuel by building a European network of LNG filling stations. It currently operates thirteen filling stations. Majority shareholder IVECO Schouten will retain a significant interest in Rolande.
Rolande fits the investment profile of the RPF. “The use of LNG as a fuel is a profitable and directly applicable alternative to diesel for the transport sector,” said Bastiaan van der Knaap, managing director of the Rotterdam Port Fund. “The further development to a greater use of bio-LNG leads to even more advantages in terms of emissions and we would like to assist Rolande in the realisation thereof.”
“LNG and bio-LNG play a crucial role in making heavy road transport and shipping more sustainable,” said Jolon van der Schuit, CEO of Rolande. “Rolande wishes to play an important role in this. The further expansion of our network of filling stations in Europe and the marketing of bio-LNG are the main objectives. Together with the Rotterdam Port Fund and NIBC, we can achieve our ambitious growth plans.”
Established in 2016, independent investment fund RPF invests in innovative port-related companies with attractive market prospects, specifically focussing on sustainability and the energy transition, as well as attractive market prospects. It is an initiative by the Port of Rotterdam, NIBC Bank, InnovationQuarter and Koninklijke Doeksen, in cooperation with Rotterdam entrepreneurs Peter Goedvolk and Luc Braams.
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