Evol LNG

What Evol LNG does

Evol LNG (legal entity Wesfarmers LNG Pty Ltd) supplies liquefied natural gas to industrial and remote energy users across Australia, operating a virtual pipeline model that delivers trucked LNG to sites not served by natural gas pipelines. Founded in 2001 and headquartered in Perth, the company operates a 250-tonne-per-day LNG production plant at Kwinana using Linde's closed single mixed refrigerant cycle liquefaction process, supplemented by access to CEFA's Mt Magnet plant and Pluto's Karratha truck-loader within the OCTA group. Its product set covers four verticals: off-grid power generation (primarily gold mining in Western Australia's Goldfields and Mid-West regions, displacing diesel at 70% substitution rates in dual-fuel generators), marine bunkering (truck-to-ship at Fremantle and Dampier under Australia's first LNG bunkering licences), industrial process heat (e.g., food processing), and on-road transport fuel.

Revenue is generated through long-term, committed-volume LNG supply agreements with enterprise customers, supplemented by build-own-operate-maintain fees for customer-side LNG storage and vaporisation infrastructure (typically 5-7 days of inventory), and per-transaction bunkering fees. Go-to-market is direct enterprise field sales, supported by industry sponsorships (e.g., WA Mining Club), conference participation (Australian Oil and Gas Conference), and case-study-driven PR. Disclosed customer outcomes include over $159 million in cumulative fuel cost savings and over 427,000 tonnes of avoided GHG emissions since October 2008, with more than 580,000 tonnes of LNG delivered since inception. The company is a subsidiary of the OCTA group, which is backed by global infrastructure investor I Squared Capital, and works alongside sister entities CEFA (midstream LNG production) and PWR Hybrid (renewable-thermal hybrid power).

Name

Evol LNG

Legal name

Wesfarmers LNG Pty Ltd

Website

https://evollng.com.au

Company type

Private

Founded year

2001

Operating status

Operating

Headcount range

11–50 employees

Short description

Evol LNG supplies trucked LNG and virtual pipeline infrastructure to off-grid mining, marine, industrial, and transport customers across Australia, displacing diesel for power generation and other applications.

Ownership category

akta.pro rank

Product category

LNG Supply and Virtual Pipeline Services

NAICS

Natural Gas Distribution (221210), Industrial Gas Manufacturing (32512)

SIC

Natural Gas Transmisison & Distribution (4923), Natural Gas Transmission (4922)

akta.pro industry

PRIMARYEUALAFAA

LNG Liquefaction Plants (Onshore & FLNG)

Energy, Utilities & Environment/Oil & Gas (Upstream, Midstream, Downstream and Refining)/LNG Value Chain (Liquefaction, Regasification & LNG Trading)

SECONDARYEUALAFAD

LNG Storage, Terminals & Bunkering (Peak Shaving, Small-Scale LNG)

Energy, Utilities & Environment/Oil & Gas (Upstream, Midstream, Downstream and Refining)/LNG Value Chain (Liquefaction, Regasification & LNG Trading)

SECONDARYEUALAFAJ

LNG Operations, Maintenance & Reliability (O&M, Integrity, Turnarounds)

Energy, Utilities & Environment/Oil & Gas (Upstream, Midstream, Downstream and Refining)/LNG Value Chain (Liquefaction, Regasification & LNG Trading)

Keywords

• LNG supply
• Virtual pipeline
• LNG bunkering
• Trucked natural gas
• Off-grid power fuel

Headquarters

HQ city

Perth

HQ country

Australia

HQ region

Oceania

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Supply Chain, Operations, Infrastructure, Personnel, Marketing or Sales

Revenue model

1. LNG Sales: EVOL LNG generates revenue primarily through the sale of Liquefied Natural Gas to customers. The company supplies LNG for power generation at mining sites, industrial processes, and marine bunkering. Sales are conducted through long-term supply agreements with committed volumes, providing recurring revenue from industrial customers. The company also earns fees for building, owning, operating and maintaining LNG storage and vaporisation infrastructure on customer sites.
2. LNG Supply Agreements: Long-term LNG supply contracts with mining companies. Typical agreements include committed annual volumes (e.g., 10,000 tonnes per annum for Mt Ida Gold Project) with pricing linked to market conditions. These supply agreements typically span multiple years and include the construction of on-site LNG facilities.
3. Marine Bunkering Services: LNG bunkering services at Fremantle Port and Dampier Ports. EVOL LNG supplies LNG at competitive pricing with low sulphur marine diesel and provides comprehensive bunkering services including design, risk assessments, operational procedures and crew training.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Evol LNG produces and delivers liquefied natural gas (LNG) to off-grid industrial customers via a 'virtual pipeline' model: the company builds, owns, operates and maintains on-site LNG storage and vaporisation infrastructure, delivering trucked natural gas to remote power stations, mining operations, industrial facilities, marine vessels and transport fleets. Core offerings span LNG supply for power generation, marine bunkering at licensed Australian ports, industrial process heating, and on-road transport fuel.

Product overview

EVOL LNG offers a portfolio of LNG solutions for power generation, marine bunkering, industrial processes, and transport. The company's core offering is a 'virtual pipeline' service that builds, owns, operates and maintains LNG storage and vaporisation infrastructure at customer sites, delivering natural gas as if it had come from a pipeline. Key products include Power Generation LNG Supply for off-grid mining operations, Marine Bunkering at Australian ports, Industrial LNG Supply for manufacturing, and Transport LNG for trucking fleets. Operations are supported by the Kwinana LNG Plant (250 tpd capacity) and Australia's largest LNG road tanker fleet.

Differentiator

Problem solved

Functional benefit

Products and services

• Power Generation LNG Supply Trucked natural gas solution to fuel off-grid power stations, displacing diesel use and delivering lower capital cost than natural gas pipelines for mining and remote-grid operators.
• Marine LNG Bunkering Licensed truck-to-ship LNG bunkering at Fremantle Port (North Quay Berths 1 & 2) and Dampier Ports, refuelling vessels at up to 45 tonnes per hour as a lower-emissions alternative to marine diesel.
• Industrial LNG Supply Trucked natural gas solution for industrial burners, boilers and process heating, providing pipeline-equivalent natural gas to industrial and food processing facilities without on-site pipeline infrastructure.
• Transport LNG Fuel Solution LNG fuel solutions for on-road trucking fleets, enabling a switch to a cleaner and more fuel-secure alternative to imported diesel.
• Virtual Pipeline Service Build-own-operate-and-maintain LNG storage and vaporisation infrastructure at customer sites with modular, expandable facilities sized for 5-7 days inventory; gas is metered at the facility outlet and sold as if delivered from a pipeline network.

Named customers9 records

Segments4 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Six partnerships are on record, tiered core and minor.

• Clean Energy Fuels Australia (CEFA)coreStrategic or Co-development PartnerCEFA is part of the OCTA group of companies. CEFA focuses on midstream activities including gas sourcing and LNG production at the 250 tonnes per day Mt Magnet LNG liquefaction facility, LNG sourcing at Kwinana LNG production facility and Pluto LNG truck loading facility in Karratha. EVOL LNG handles downstream operations, loading LNG at CEFA's supply points and delivering to customers.
• PWR HybridcoreStrategic or Co-development PartnerPWR Hybrid is part of the OCTA group of companies. PWR Hybrid integrates thermal and renewable energy sources at remote power stations to create low-cost, low-emission, and reliable on-site power supplies for industrial and mining customers. Together with EVOL LNG, they provide comprehensive energy solutions.
• KleenheatcoreStrategic or Co-development PartnerKleenheat is an Australian energy producer and retailer that produces HC refrigerants and speciality gases. EVOL LNG was previously managed by Kleenheat, which is part of Wesfarmers Chemicals, Energy and Fertilisers. Kleenheat's Gas Trading unit manages feed gas contracts and is one of the largest consumers of domestic gas in WA, supporting EVOL LNG's upstream gas supply.
• Fremantle PortscoreTechnology or IntegrationFremantle Ports has licensed EVOL LNG to conduct truck-to-ship LNG bunkering operations. This was the first LNG bunkering licence issued in Australia. EVOL LNG provides LNG bunkering at North Quay Berths 1 & 2, making Fremantle part of a growing global LNG bunkering network.
• Pilbara Port AuthoritycoreTechnology or IntegrationPilbara Port Authority has licensed EVOL LNG to provide truck-to-ship LNG bunkering. This enables EVOL LNG to serve LNG-fuelled vessels at ports in the Pilbara region, including Dampier.
• WA Mining ClubminorGTM or Marketing PartnerEVOL LNG partners with the WA Mining Club through sponsorship of luncheon events. The company sponsored events in 2019, 2020, and 2021 including sustainability-focused events. These events provide networking opportunities with mining industry professionals and decision-makers.

Scale indicators6 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Coregas (Nippon Gases): Australian industrial and specialty gas supplier producing and distributing gases including LNG; competes with EVOL for industrial, mining, and energy customers needing bulk gas supply and on-site storage solutions.
• Elgas: Australian LPG and LNG distributor with similar regional bulk-gas delivery capabilities to remote and off-grid customers; comparable trucked-energy distribution model and overlapping mining/industrial customer segment.
• BOC (Linde): Australia's largest industrial and medical gas company and a subsidiary of Linde — directly comparable because BOC produces and distributes industrial gases (including LNG) to mining, industrial, and medical customers across Australia, overlapping with EVOL's customer base and product mix.
• ENN Energy: Major Chinese gas distributor that operates one of the world's largest trucked/virtual-pipeline LNG networks, supplying industrial and remote customers; directly comparable to EVOL's build-own-operate, virtual-pipeline model outside the Western Australia context.

Broad incumbents

• Origin Energy: Integrated Australian energy company with natural gas production, LNG offtake, and energy retail; relevant incumbent that touches the same LNG value chain and competes for gas-fed industrial and power customers.
• Shell (LNG bunkering): Global leader in marine LNG bunkering with established port infrastructure worldwide; directly comparable to EVOL's bunkering ambition, but at a global, infrastructure-heavy scale rather than truck-to-ship.
• Woodside Energy: Australia's largest LNG producer (Pluto, Karratha Gas Plant); comparable as a major Australian LNG player, but operates at export scale and across upstream-to-midstream rather than EVOL's downstream/virtual-pipeline focus.
• Wesfarmers (Kleenheat): Historical parent of EVOL LNG (via Wesfarmers LNG Pty Ltd and Kleenheat's Gas Trading unit); a diversified Australian conglomerate that manages gas sourcing contracts that feed EVOL's supply, making it a broadly comparable incumbent in the same energy value chain.

Emerging players

• Pilot Energy: Australian energy company developing gas and energy-transition projects; comparable as a smaller, emerging Australian energy player, with partial overlap in the gas-to-power value chain relevant to EVOL's customers.
• Strike Energy: ASX-listed Australian gas developer pursuing domestic gas and small-scale LNG opportunities; comparable as an emerging player targeting Australia's decentralised gas and energy-transition demand, though more upstream-focused than EVOL.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/evol-lng

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Evol LNG