ReFuels, through its 40%-owned subsidiary CNG Fuels, has signed a long-term agreement with Marks & Spencer to provide Mobile Refuelling Stations (MRS) at M&S distribution centres across the UK. The deal supports M&S's ambition to decarbonise its HGV logistics fleet using bio-CNG. The agreement is a further validation of CNG Fuels' strategy, combining its public station network with bespoke on-site refuelling capacity for large fleet operators, and supports our thesis that bio-CNG truck numbers ought to increase in the coming years, delivering increased revenues for ReFuels.
