ReFuels N.V.
REFL.OL
Oslo Stock Exchange15.80
NOK
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ReFuels N.V.
REFL.OL
(Oslo Stock Exchange)
Recent
price
15.80
P/E
ratio
- -
div
yld
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ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- ReFuels N.V. is a publicly listed energy company headquartered in The Hague, the Netherlands, specializing in the design, development, and operation of renewable biomethane (Bio-CNG) and compressed natural gas (CNG) refueling stations primarily in the United Kingdom and Europe. The company offers a fully integrated clean fuels platform that includes sourcing renewable biomethane from sustainable waste feedstocks, aggregation and supply of Renewable Transport Fuel Certificates (RTFCs), and ownership and operation of the UK's largest network of Bio-CNG refueling stations for heavy goods vehicles (HGVs). ReFuels serves commercial fleet operators focused on decarbonizing road transport, providing cost-effective and verified carbon reduction fuel options for heavy transport fleets. ReFuels’ core products and services include renewable biomethane fuels supplied as Bio-CNG; operation and expansion of a growing network of CNG refueling stations; infrastructure development for alternative fuels with plans to incorporate hydrogen and electricity; and long-term commercial biomethane sourcing agreements with large-scale producers. Its subsidiary, CNG Fuels (40% owned by ReFuels), is a key operator of public access stations that currently fuel over 2,000 HGVs daily across the UK. The company aims to expand its station network to 30-40 stations in the UK by the end of 2026, with plans to increase capacity to serve 20,000 HGVs daily by 2028. Recent major developments include a £25 million five-year debt facility secured in 2024 to support expansion of its Bio-CNG station network and a strategic acquisition of a biomethane production plant through its subsidiary Renewable Transport Fuel Services (RTFS), enhancing its upstream supply capabilities. In 2024, ReFuels also entered a long-term biomethane offtake agreement with Green2x to accelerate the decarbonization of the UK road transport sector. The company has reported its first profitable quarter since going public, driven by rising biomethane demand and network scale. Its long-term strategic ambition is to become Europe's leading integrated supplier of alternative fuels for commercial transport fleets by combining biomethane sourcing, fuel certification, and refueling infrastructure development. Founded through the merger of CNG Fuels and RTFS in 2023, ReFuels maintains strong operations across the UK and broader European markets focused on heavy goods vehicle decarbonization.