Wolf­tank Group and Kuwait Petro­le­um Italia plan to develop future Euro­pean infra­st­ruc­tu­re for climate-neutral mobility

Wolf­tank Group, a leading expert in envi­ron­men­tal tech­no­lo­gy and full-service pro­vi­der for petrol sta­ti­ons, signed an agree­ment to acquire a 50 percent stake in Mares Srl today. Mares is a sub­si­dia­ry of Kuwait Petro­le­um Italia, which ope­ra­tes its busi­ness with a network of about 3000 service sta­ti­ons under the “Q8” brand. In future, Mares will be managed as a joint venture of the Wolf­tank Group and Kuwait Petro­le­um Italia. The company will engage in the project deve­lo­p­ment and con­struc­tion of lique­fied natural gas (LNG) and hydro­gen refu­el­ling faci­li­ties in order to expand the Euro­pean infra­st­ruc­tu­re for the necessa­ry decar­bo­ni­sa­ti­on of transport.

Wolf­tank Group is acqui­ring the 50 per cent stake in Mares fol­lowing the signing of a coope­ra­ti­on agree­ment with Kuwait Petro­le­um Italia in October and a suc­cess­ful­ly placed capital incre­a­se in Novem­ber 2021. The parties have agreed not to dis­c­lo­se the purcha­se price. Mares’ core busi­ness is the con­struc­tion and ser­vicing of tra­di­tio­nal petrol sta­ti­ons as well as soil reme­dia­ti­on. Last year, the company gene­ra­ted a tur­no­ver of EUR 20 million. Now the busi­ness areas of Mares will be com­bi­ned and expan­ded with the know-how of the Wolf­tank Group and will also include refu­el­ling faci­li­ties for rene­wa­ble ener­gies such as LNG or hydro­gen in the future. Wolf­tank Group has also inves­ted signi­fi­cant­ly in the envi­ron­men­tal ser­vices and soil reme­dia­ti­on sector in recent years. Thus, this joint venture creates a leading Euro­pean player in the field of soil remediation.

“Wolf­tank and Mares com­ple­ment each other per­fect­ly. Both com­pa­nies have highly spe­cia­li­sed know­ledge in the field of refu­el­ling systems. The future of trans­port is clearly heading in the direc­tion of decar­bo­ni­sa­ti­on, in which the energy car­ri­ers hydro­gen and natural gas will play an important role. However, the pos­si­bi­li­ties for refu­el­ling with them are only avail­ab­le to a limited extent today. Tog­e­ther, we want to use our many years of exper­ti­se to rapidly drive the change towards a sus­tainab­le future and expand the Euro­pean infra­st­ruc­tu­re for climate-neutral mobi­li­ty”, says Peter Werth, CEO of Wolf­tank Group.

“Mares Italia repres­ents a key partner of Kuwait Petro­le­um Italia for main­ten­an­ce and deve­lo­p­ment of Q8 network in Italy. We are sure that, thanks to the wide tech­no­lo­gi­cal exper­ti­se pro­vi­ded by Wolf­tank Group, Mares will con­so­li­da­te its acti­vi­ties in the tra­di­tio­nal busi­ness of service sta­ti­ons main­ten­an­ce, con­struc­tion and soil reme­dia­ti­on adding capa­bi­li­ties for offe­ring pro­ducts and ser­vices in line with new market requi­re­ments fol­lowing energy tran­si­ti­on process”, says Giu­sep­pe Zappalà, CEO of Kuwait Petro­le­um Italia.

The Euro­pean “Green Deal” envi­sa­ges the reduc­tion of green­house gases to zero by 2050. Rene­wa­ble energy sources make important con­tri­bu­ti­ons on the way to this goal. The­re­fo­re, strong market growth is fore­cast for LNG and hydro­gen refu­el­ling sta­ti­ons, coupled with the cor­re­spon­ding need for pro­duc­tion and logistics infra­st­ruc­tu­re. The storage of fuels at cryo­ge­nic tem­pe­ra­tures and high pres­su­res, the manage­ment of the necessa­ry process soft­ware for com­pres­si­on, tem­pe­ra­tu­re control and dis­pen­sers are key com­pe­ten­ci­es here. These are pre­cise­ly the areas in which the Wolf­tank Group con­tri­bu­tes crucial know-how.

 

About Kuwait Petro­le­um Italia

Kuwait Petro­le­um Italia is one of the main Italian players in the energy sector ope­ra­ting in the field of fuel dis­tri­bu­ti­on and sus­tainab­le mobi­li­ty. Known under the brand “Q8”, the company covers the entire inte­gra­ted down­stream cycle, from refi­ning to the final cus­to­mer thanks to a nati­on­wi­de fuel dis­tri­bu­ti­on network of about 3,000 service sta­ti­ons. Q8 Group is also active in the direct sales, lub­ri­cants, marine and avia­ti­on fuels sectors. At the center of Q8 stra­te­gy is the sus­taina­bi­li­ty of the busi­ness which is reflec­ted in all its ope­ra­ti­ons and acti­vi­ties in order to syn­er­gisti­cal­ly combine envi­ron­men­tal pro­tec­tion, social deve­lo­p­ment and eco­no­mic growth. For further infor­ma­ti­on visit www.q8.it

About Wolf­tank Group

Wolf­tank-Adisa Holding AG is the parent company of an inter­na­tio­nal group of com­pa­nies focu­sing on the turnkey con­struc­tion of modular hydro­gen and LNG fuel­ling faci­li­ties, the dis­mant­ling of tra­di­tio­nal fuel­ling sta­ti­ons with appro­pria­te soil reme­dia­ti­on (envi­ron­men­tal pro­tec­tion ser­vices for pol­lu­t­ed soils, faci­li­ties and waters), and the reme­dia­ti­on and moni­to­ring of (large-scale) fuel­ling facilities.

The share of Wolf­tank-Adisa Holding AG (WKN: A2PBHR; ISIN: AT0000A25NJ6) is listed in the direct market plus segment of Vienna Stock Exchan­ge and traded (open market) on Xetra, Quotrix, the Frank­furt, Munich and Düs­sel­dorf stock exchanges.

Here you can find the cor­po­ra­te news as download:

 

Note: All requi­re­ments of the Aus­tri­an Stock Exchan­ge Act regar­ding the requi­re­ment of a formal admis­si­on of finan­cial instru­ments for trading and issuer obli­ga­ti­ons on a regu­la­ted market for finan­cial instru­ments traded on the Third Market do not apply, but in par­ti­cu­lar the requi­re­ments set out in Art. 17 (Publi­ca­ti­on of Insi­ders, Con­tract par­ti­ci­pa­ti­on “direct market plus” | Decem­ber 2018), Art. 18 (Insider Lists) and Art. 19 (Direc­tors dealing) of the Market Abuse Ordi­nan­ce (VO (EU) No. 596/2014) in con­nec­tion with the obli­ga­ti­ons laid down in the respec­ti­ve natio­nal legal rules pur­suant to the Stock Exchan­ge Act and the pro­hi­bi­ti­ons of Art. 14 (Insider Trading) and Art. 15 (Market Mani­pu­la­ti­on) of the Market Abuse Ordi­nan­ce (VO (EU) No. 596/2014) in con­nec­tion with the respec­ti­ve natio­nal legal rules pur­suant to the Stock Exchan­ge Act do apply.

About Wolftank Group

Wolftank-Adisa Holding AG is the parent company of an international group of companies focusing on the turnkey construction of modular hydrogen and LNG refuelling facilities, environmental protection services for polluted soils, facilities and waters, refurbishment and monitoring of (large) tank facilities as well as full-service engineering services for fuel supply facilities. The company is active worldwide and has various patented application technologies.

Note: All requirements of the Austrian Stock Exchange Act regarding the requirement of a formal admission of financial instruments for trading and issuer obligations on a regulated market for financial instruments traded on the Third Market do not apply, but in particular the requirements set out in Art. 17 (Publication of Insiders, Contract participation “direct market plus” | December 2018), Art. 18 (Insider Lists) and Art. 19 (Directors dealing) of the Market Abuse Ordinance (VO (EU) No. 596/2014) in connection with the obligations laid down in the respective national legal rules pursuant to the Stock Exchange Act and the prohibitions of Art. 14 (Insider Trading) and Art. 15 (Market Manipulation) of the Market Abuse Ordinance (VO (EU) No. 596/2014) in connection with the respective national legal rules pursuant to the Stock Exchange Act do apply.

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