IFM Investors (“IFM”) today announced the formation of Mobius Renewables (the “Company”), a new global, vertically integrated low carbon fuels platform established to accelerate the development, production, distribution and commercialization of biomethane at scale across North America and Europe. Cynthia Walker has been appointed as President and CEO of the Company which will be headquartered in Houston, Texas.

The Company will unite, under the leadership of Ms. Walker, IFM’s existing platform GreenGasUSA, with planned acquisitions of operating biomethane facilities, and development opportunities originated by Mobius Fuels. The Company is expected to have over 5.5 million MMBtu per year of biomethane production and distribution volumes generated from landfill gas and anaerobic digestion, positioning the Company to become a leading producer of biomethane globally. The Company reaffirms IFM’s commitment to the low carbon fuels sector, and will prioritize operational excellence and disciplined growth, advancing both organic development and targeted acquisitions.

“We are building Mobius Renewables to set a new standard for scale, reliability and partnership in the biomethane industry,” said Cynthia Walker, President & CEO of Mobius Renewables. “Our mission is to convert waste into a globally relevant, infrastructure-grade renewable fuel. With IFM’s backing, a talented team and the reach of our expanding platform, we are well positioned to help partners unlock the full value of their resources while advancing sustainability.”

The Company enters the market at a pivotal time, as biomethane evolves from localized waste-to-energy projects into a global, infrastructure-grade fuel. Mobius Renewables will pursue demand growth by expanding customer relationships across transportation, marine fuels, power generation, natural gas utilities, and industrial applications in North America, Europe, and Asia, broadening biomethane’s role as a reliable, economic solution to decarbonize global LNG supply chains.

“We are excited to establish this Texas-based platform and to further expand into the global low carbon fuels sector, where our conviction remains strong given the durable long-term fundamentals and sustained supply-demand imbalance,” said Julio Garcia, Head of Infrastructure, North America for IFM. “We believe Cynthia’s leadership will be a significant asset, bringing the experience and sector insight needed to support our growth plans and long-term investment strategy.”

Prior to the formation of Mobius Renewables, Cynthia Walker served as the founder, President and Chief Executive Officer of Mobius Fuels LLC, a renewable natural gas development and operating company in the United States. Prior to that, she was Chief Executive Officer of TES-H2, Americas and Chief Strategy Officer of TES-H2 Group, a green hydrogen company. Ms. Walker has held several senior leadership roles at Occidental Petroleum Corporation (NYSE: OXY), including Senior Vice President, Midstream & Marketing and Chief Financial Officer. Earlier in her career, she was a Managing Director in the Investment Banking Division at Goldman Sachs & Co. Ms. Walker is an Independent Director on the Board of Flowco Holdings (NYSE: FLOC) and previously served on the Boards of Sempra Energy (NYSE: SRE) and Chord Energy (NASDAQ: CHRD).

About IFM Investors

IFM Investors is a global asset manager, founded and owned by pension funds, with capabilities in infrastructure equity and debt, private equity, private credit, real estate and listed equities. With assets under management of approximately USD$161.2b as of September 30, 2025, IFM Investors serves more than 800 institutional investors worldwide, operating from 14 offices across Australia, Europe, North America and Asia.

About GreenGasUSA

GreenGasUSA is a leading U.S. renewable natural gas (RNG) developer and operator, focused on delivering cost-effective, reliable, and scalable decarbonization solutions for industrial and agricultural partners. The company develops, owns, and operates projects that capture methane emissions from waste streams and convert them into low-carbon energy, supporting customers in meeting their sustainability and net-zero commitments.

About Mobius Fuels

Mobius Fuels is a renewable natural gas developer, owner and operator of landfill gas to RNG projects across North America to scale high-quality, low-carbon fuels that support decarbonization of the North American natural gas and global LNG supply chains. With the formation of the Company, Mobius Fuels will become part of Mobius Renewables.

Important Disclosures

This article is provided for informational purposes only. It does not constitute an investment recommendation, offer or solicitation and should not be relied upon as investment advice or as the basis for any contract or commitment. This information does not constitute investment, legal, accounting, regulatory, taxation or other advice. IFM Investors Pty Ltd (“IFM Investors”) recommends that before making an investment decision, each prospective investor should consult a financial advisor and should consider whether any investments are appropriate considering their particular investment needs, objectives, and financial circumstances. Tax treatment depends on each prospective investor’s individual circumstances and may be subject to change in the future. This information should not be reproduced without the written consent of IFM Investors.

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