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Refuels N.V.

Regulatory News Service Oct 30, 2025

6193_rns_2025-10-30_4e1ab313-6a7d-4de6-9d95-c832549e31b0.html

Regulatory News Service

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ReFuels starts construction of Bio-CNG refuelling station along one of the UK s most important freight routes in line with growth strategy

ReFuels starts construction of Bio-CNG refuelling station along one of the UK s most important freight routes in line with growth strategy

30 October 2025 -- ReFuels N.V., one of Europe's leading suppliers of

renewable biomethane (Bio-CNG) for decarbonisation of heavy goods vehicles

(HGVs), has commenced construction of a public access refuelling station at

Magor, South Wales.

The new station, owned and operated by CNG Fuels, is strategically located

near the M4 motorway, providing direct access to key routes for efficient

east--west freight between London, South Wales and the Midlands. The site is

close to two international airports, the Port of Newport and home to

distribution bases for major operators, including Tesco and AB InBev.

Today, 2,100 HGVs refuel daily at CNG Fuels' 16 stations. With a fast-growing

order book and rapid uptake of the new, larger 6x2 vehicles, Bio-CNG is now

being mass-adopted. Renewable biomethane, sourced from food waste and manure,

delivers emissions reductions of 90% compared to diesel and ~25% lower fuel

cost than diesel and ~40% vs. HVO.

"CNG Fuels will provide biomethane to trucks travelling the M4 corridor, one

of the UK's most important freight routes, at Magor and from a planned site in

Swindon. The new stations are part of the plan to expand our clean fuel

infrastructure network, doubling the UK-wide dispensing capacity by the end of

2028 to meet increasing demand. This is driven by more fleets switching to

100% renewable and sustainable biomethane to reduce carbon emissions,

accelerated by the rapid adoption of the new and larger 6x2 gas-powered trucks

opening a much larger market segment," said Philip Fjeld, CEO and co-founder

of ReFuels.

The Magor station will have the capacity to refuel 12 trucks simultaneously

when at full utilisation. This enables refuelling of more than 800 trucks per

day and the dispensing of more than 30 million kilograms (kg) of Bio-CNG

annually.

The current CNG Fuels network in the UK can refuel more than 11,500 HGVs

daily. This equals an annual dispensing capacity of more than 340 million kg

of biomethane and potential savings of more than 1 million tonnes of CO2

emissions per year compared to diesel. The plan is to double the refuelling

capacity to 20,000 HGVs per day and more than 780 million kg of biomethane

annually by the end of 2028.

To receive ReFuels' stock exchange and press releases via email, subscribe at

refuels.com/investors

For further information, please contact:

Philip Fjeld, CEO ReFuels N.V.

Tel: +44 7976 159 833

E-mail: [email protected]

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

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