Mobius Renewables acquired Biogas Production Activities in United States, France, Norway, and Sweden from L'Air Liquide S.A. (ENXTPA:AI) on May 4, 2026. The acquisition includes six operating landfill gas-to- RNG sites in the U.S., five operating farm waste sites in France, and a 51% interest in Redo Biosolutions with production and distribution assets across Norway and Sweden. With this transaction, the establishment of Mobius Renewables is complete, and GreenGasUSA and the acquired portfolio will operate under one brand, aspiring to set a new standard for scale, reliability, and partnership in the RNG industry. The Company will retain the Redo Biosolutions strategy and brand.
Macquarie Capital (USA) Inc. acted as financial advisor to Mobius Renewables.
Mobius Renewables completed the acquisition of Biogas Production Activities in United States, France, Norway, and Sweden from L'Air Liquide S.A. (ENXTPA:AI) on May 4, 2026.
L'Air Liquide is one of the world leaders in industrial and medical gas production. Net sales break down by activity as follows:
- industrial and medical gases production (96.8%): oxygen, nitrogen, hydrogen, synthesized gases. The group also supplies control equipment and services for fluid systems, gas and liquid chemical management, home care and hospital hygiene services, and operating room equipment. Net sales break down by market as follows: industries (73.8%), healthcare (16.8%) and electronics (9.4%);
- other (3.2%): engineering activities related to gas production plant construction and high-tech product manufacturing.
Net sales are distributed geographically as follows: France (12.1%), Europe/Middle East/Africa (29.3%), the United States (33.4%), Americas (5.7%) and Asia/Pacific (19.5%).
This super rating is the result of a weighted average of the rankings based on the following ratings: Valuation (Composite), EPS Revisions (4 months), and Visibility (Composite). We recommend that you carefully review the associated descriptions.
Investor
Investor
This super composite rating is the result of a weighted average of the rankings based on the following ratings: Fundamentals (Composite), Valuation (Composite), EPS Revisions (1 year), and Visibility (Composite). We recommend that you carefully review the associated descriptions.
Global
Global
This composite rating is the result of an average of the rankings based on the following ratings: Fundamentals (Composite), Valuation (Composite), Financial Estimates Revisions (Composite), Consensus (Composite) and Visibility (Composite). The company must be covered by at least 4 of these 5 ratings for the calculation to be carried out. We recommend that you carefully review the associated descriptions.
Quality
Quality
This composite rating is the result of an average of rankings based on the following ratings: Returns (Composite), Profitability (Composite) and Quality of Financial Reporting (Composite), and Financial Health (Composite). The company must be covered by at least 2 of these 3 ratings for the calculation to be performed. We recommend that you carefully read the associated descriptions.
ESG MSCI
ESG MSCI
The MSCI ESG score assesses a company’s environmental, social, and governance practices relative to its industry peers. Companies are rated from CCC (laggard) to AAA (leader). This rating helps investors incorporate sustainability risks and opportunities into their investment decisions.