8 August 2025 -- ReFuels N.V. (ticker: REFL), a leading European supplier of
renewable biomethane (Bio-CNG) for decarbonising heavy goods vehicles (HGVs),
has acquired Bio Energie Holwerd with its biomethane production facility in
the Netherlands, and thereby becomes a fully integrated provider of clean
fuels.
The acquisition is made through Renewable Transport Fuel Services (RTFS), a
subsidiary of CNG Fuels in which ReFuels owns a 40% interest. The transaction
is in line with ReFuels' strategy of building a vertically integrated clean
fuels platform and enhances supply flexibility amid growing end-user demand
for biomethane.
The anaerobic digestion plant started operations in 2014 and is located in
Holwerd. It produces 13 GWh of biomethane annually from waste, which is
injected into the gas grid and qualifies for UK Renewable Transport Fuel
Certificates (RTFCs), thereby enabling decarbonisation of UK logistics.
"The acquisition complements our unique refuelling position in the UK by
providing increased optionality in our upstream sourcing. Our focus remains on
long-term offtake agreements with large-scale producers, but selective
investments like this one strengthen our sourcing position and provide
additional insights across the value chain," said Jasper Nillesen, Executive
Director of ReFuels and CEO of RTFS.
CNG Fuels' current station network serves over 2,000 HGVs in the UK and is
expected to dispense close to 1 TWh of Bio-CNG during the calendar year 2025.
Demand from fleet operators continues to grow, as biomethane HGVs have lower
emissions and fuel costs than diesel-powered trucks. The company aims to
double its capacity to 20,000 HGVs per day by end-2028.
"We're building a future-proof platform with the scale and flexibility needed
to support Europe's transition away from diesel in the heavy transport sector.
By integrating select upstream capabilities alongside our expanding network of
refuelling stations, we are better positioned to serve our customers reliably,
sustainably and at scale," added Nillesen.
The acquisition is financed through available cash and will continue
operations under the existing local management team. RTFS will look to
optimise the site over time and assess expansion in line with permit
allowances, feedstock developments and commercial priorities.
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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 UK's largest clean fuel
station network. By end-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
This information has been submitted pursuant to the Securities Trading Act ยง
5-12 and MAR Article 17. The information was submitted for publication at
2025-08-08 07:00 CEST.