ReFuels opens Bio-CNG refuelling station in one of the UK s key logistics hubs

23 Dec 2024 07:00 CET

23 December 2024 - ReFuels N.V., one of Europe's leading suppliers of
renewable biomethane (Bio-CNG) for the decarbonisation of heavy goods vehicles
(HGVs), has opened a new refuelling station at Doncaster in South Yorkshire
under the CNG Fuels brand.

Doncaster is a key logistics hub, strategically located with 90% of the UK
population and four major ports within a 4-5-hour reach. The station will
enable truck fleets to cut CO2 emissions by 80-90% with 100% renewable and
sustainable biomethane. The public access Bio-CNG station is close to both
Immingham Docks, the UK's largest port by tonnage, and iPort, one of the
country's most advanced multimodal logistics hubs.

The new station can refuel 10 trucks simultaneously. The total dispensing
capacity is 19 million kilograms (kg) of Bio-CNG annually.

"This marks ReFuels' 15th public access refuelling station in operation in the
UK. We now can refuel more than 10,000 heavy goods vehicles daily with 100%
renewable and sustainable biomethane. Our Doncaster station will be a key
refuelling point for fleets operating between major national ports and
distribution centres, using 100% renewable and sustainable biomethane to
reduce their carbon footprint and fuel cost compared to diesel," said Philip
Fjeld, CEO and co-founder of ReFuels.

CNG Fuels' current UK network of 15 stations in operation has an annual
dispensing capacity of more than 310 million kg of biomethane, enabling
potential savings of more than 850,000 tonnes of CO2 emissions per year,
compared to diesel. The year-end 2026 target of 30-40 stations in build and
operation equals a total capacity of up to 23,000 HGVs per day and more than
650 million kg of biomethane annually.

The Doncaster station is owned by a joint venture (JV) with Foresight Group.
ReFuels has one more station under construction in Livingston, Scotland, which
will enable low-emission transport between Edinburgh and Glasgow.

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: Philip.Fjeld@refuels.com

About ReFuels
ReFuels is decarbonising Europe's truck fleet by developing, owning, and
operating green station infrastructure. We are rolling out a network of
reliable and convenient stations offering renewable biomethane fuels to heavy
goods vehicles, with hydrogen and electricity to be added. By end-2026 the
target is to have 30-40 stations across the UK, 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
(http://www.refuels.com./).

This information has been submitted pursuant to the Securities Trading Act §
5-12 and MAR Article 17. The information was submitted for publication at
2024-12-23 07:00 CET.

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