Stabilis Solutions Expands Clean Energy Services with Acquisition of LNG Facility in Louisiana
Key Ideas
  • Stabilis Solutions, a provider of energy transition services, has acquired an LNG production facility in Port Allen, Louisiana, expanding its clean energy solutions.
  • The facility, with a daily production capacity of 30,000 LNG gallons, enhances Stabilis' capacity by 30% and will cater to customers in the Gulf Coast region and support LNG marine bunkering services.
  • The acquisition is expected to be immediately accretive to earnings, projecting incremental annual EBITDA of $2.5 - $3.0 million, demonstrating the operating leverage in Stabilis' platform for further expansion across North America.
  • Stabilis aims to capitalize on the growing demand for clean energy by providing LNG and hydrogen fueling solutions to various industries, contributing to lower fuel costs and reduced environmental emissions.
Stabilis Solutions, a leading provider of energy transition services, has finalized the acquisition of an LNG production facility in Port Allen, Louisiana, from HR Nu Blu Energy, LLC. The facility, boasting a 30,000 LNG gallons per day production capacity, strategically located in the eastern Gulf Coast region, is set to bolster Stabilis' clean energy offerings to its clients. With the acquisition, Stabilis aims to serve its customers in the Gulf Coast region and expand its LNG marine bunkering services, including catering to the ports of Baton Rouge and New Orleans. The company foresees the acquisition to have an immediate positive impact on earnings and anticipates an incremental annual EBITDA of $2.5 - $3.0 million, showcasing the operational efficiency within the Stabilis platform. By focusing on clean energy solutions like LNG and hydrogen fueling, Stabilis addresses the growing market demand for environmentally friendly fuel alternatives while also aiming to drive down fuel costs and harmful emissions. This strategic move aligns with Stabilis' mission to provide innovative solutions to various sectors including industrial, energy, mining, utilities, pipelines, commercial, and high horsepower transportation markets, positioning the company as a key player in the energy transition landscape.
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