ReFuels N.V. (ticker: REFL), one of Europe’s leading suppliers of renewable biomethane (Bio-CNG) for the decarbonisation of heavy goods vehicles (HGVs), has begun construction of a new refuelling station in Carlisle, North-West England.

Hauliers, delivery operators and retailers continue to seek lower-cost, domestically produced biofuels as an alternative to imported diesel.

The new station is set to be operational during the first half of 2027. CNG Fuels, which is 40% owned by ReFuels, will own and operate the site.

Close to major logistics hubs, including DPD’s Carlisle delivery facility, the new station will serve significant regional and long-haul freight flows and further strengthen CNG Fuels’ existing network in The Midlands, North-West England and Scotland.

“Fleet operators are telling us the same thing: they want fuel they can budget for and fuel they know will arrive," said Philip Fjeld, CEO and co-founder of ReFuels.

"Diesel gives them neither at the moment. Every kilogram of Bio-CNG we dispense is produced from renewable sources in Europe and delivered through a pipe. It does not depend on a deal being struck in the Strait of Hormuz, and it does not reprice by 30% because of an attack on a refinery two thousand miles away."

UK pump diesel prices are up close to 30% in the last year, as continued disruption in the Gulf highlights the UK’s exposure to imported diesel. Bio-CNG has historically remained substantially less volatile, while multi-year fixed-price agreements can provide fleet operators with greater cost certainty.

"Carlisle is a strategically important addition to our network, serving one of the main road freight corridors between England and Scotland, and it makes a clean, cost-effective and locally sourced fuel accessible to more fleets across the northern UK," said Fjeld.

"Together with the new stations at Magor and Swindon, it demonstrates the pace at which we are expanding capacity in response to customer demand. Each new location allows an operator to cut fuel costs and emissions at the same time, without changing a single route or schedule."

The Carlisle station will be capable of refuelling 14 HGVs simultaneously when fully utilised, enabling more than 800 trucks to refuel daily and providing annual dispensing capacity of more than 30 million kilograms of 100% renewable Bio-CNG.

Today, more than 2,250 trucks refuel daily at CNG Fuels' 16 UK stations, with current network capacity exceeding 11,500 trucks per day.

Once operational, Magor, Swindon and Carlisle are expected to increase CNG Fuels’ total capacity to close to 14,000 HGVs per day and 460 million kilograms of Bio-CNG annually.

The 2028 goal is to have an installed refuelling capacity of close to 20,000 HGVs per day, with the potential to dispense over 780 million kg of biomethane annually, equivalent to more than 2.3 million tonnes of CO2 savings each year.

To receive ReFuels’ stock exchange and press releases by email, subscribe at www.refuels.com/investors.

Notes to editors:

For further information, please contact: Philip Fjeld, CEO, ReFuels N.V.

Tel: +44 7976 159 833

Email: Philip.Fjeld@refuels.com

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