23 April 2026 -- ReFuels N.V. (ticker: REFL), one of Europe's leading
suppliers of renewable biomethane (Bio-CNG) for decarbonising heavy goods
vehicles (HGVs), has through CNG Fuels signed a long-term agreement with Marks
& Spencer (M&S) to provide Mobile Refuelling Stations (MRS) at UK distribution
centres.
The stations, owned and operated by CNG Fuels (40% owned by ReFuels), will
support M&S' continued expansion of its biomethane-powered HGV fleet. Today,
M&S operates more than 210 Bio-CNG trucks, including approximately 150 Scania
4x2 and 26 Scania 6x2 trucks, and plans to increase its lower-emission fleet
to more than 300 vehicles by the end of March 2027.
The MRS units will provide combined capacity to refuel up to 300 trucks daily
and will complement CNG Fuels' UK-wide network of 16 public-access Bio-CNG
stations, which is expanding to support up to 20,000 trucks per day by
end-2028. Bio-CNG is a renewable fuel produced from domestic waste feedstocks,
including food waste and agricultural by-products such as manure, supporting
energy security and supply resilience. It delivers up to 85% lower CO2
emissions compared to traditional diesel-powered vehicles.
"We are proud to support M&S as they shift towards more sustainable logistics.
Biomethane is a cost-efficient, domestic here-and-now solution to decarbonise
road transport, and our Mobile Refuelling Stations help large fleets
decarbonise quickly. This agreement underscores the rapid growth in demand
from major UK retailers and distributors," said Philip Fjeld, CEO and
co-founder of ReFuels.
Julian Bailey, Transport Director at M&S, added: "Moving to lower-carbon
logistics with reduced dependency on diesel and the increased use of new
technologies and lower carbon fuels is key to achieving our Plan A Net Zero
ambitions. We trialled a range of technologies and have chosen Bio-CNG as a
key solution for decarbonising our logistics fleet as it is a proven, flexible
and cost-efficient fuel supported by mature infrastructure."
Simon Gray, Specialist Sales Manager at Scania UK, said: "We are pleased to be
working in collaboration with Marks & Spencer, and to be playing an active
role in helping them reach their Plan A Net Zero ambitions. At Scania, we are
driving the shift towards sustainable transport systems that are better for
business, society and the environment. By working together with our partners,
we can develop transport solutions that reduce our carbon footprints, while
making sure that we continue to meet the demands of a growing population --
profitably and sustainably."
"It is testament to the vision and the shared values between the three
companies that we can work side-by-side. And this is just the beginning, we
are very excited to be in partnership with Marks & Spencer and CNG Fuels, and
we can't wait to see how this partnership grows and evolves in the future."
The agreement includes redeployment of one existing MRS and manufacturing of
up to three new units, growing the MRS fleet from 10 to 14 by 2026.
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For further information, please contact:
Philip Fjeld, CEO ReFuels N.V.
Tel: +44 7976 159 833
E-mail: Philip.Fjeld@refuels.com
About ReFuels
ReFuels is decarbonising Europe's truck fleet through its 40% ownership of CNG
Fuels - a fully integrated clean fuel infrastructure platform combining
sourcing of renewable biomethane (Bio-CNG), Renewable Transport Fuel
Certificates (RTFCs) and ownership and operation of the UK's largest clean
fuel station network. By the end of 2028, the target is to have a capacity to
serve 20,000 heavy goods vehicles per day, while the long-term ambition is to
become Europe's leading integrated supplier of alternative fuels for
commercial fleets. For further information, please visit www.refuels.com