ReFuels, a supplier of renewable biomethane for heavy goods vehicles, has introduced a fixed-price Bio-CNG supply deal, giving UK operators greater clarity over fuel costs in the coming years.
The multi-year contract, signed through ReFuels’ subsidiary CNG Fuels (in which it holds a 40% stake), will fix fuel prices across the company’s Bio-CNG station network. According to ReFuels, the agreement provides long-term price certainty for the operator while supporting its switch from diesel to renewable biomethane.
“CNG Fuels’ first Bio-CNG hedging agreement demonstrates the confidence the logistics industry has in Bio-CNG as a lasting decarbonisation solution,” said Philip Fjeld, CEO and co-founder of ReFuels. He added that such agreements offer customers fuel price stability and give ReFuels predictable, low-risk cash flows over several years.
ReFuels noted growing interest from other fleet operators, suggesting that similar contracts could make up a significant portion of its future fuel volumes.
CNG Fuels currently operates 16 public-access Bio-CNG refuelling stations across the UK, with a total capacity to refuel more than 10,500 HGVs a day — equivalent to over 340 million kilograms of biomethane annually. The company plans to double this capacity by the end of 2028, expanding the network to serve up to 20,000 vehicles and deliver around 780 million kilograms of biomethane per year.
ReFuels estimates that this volume of renewable gas could save up to 2 million tonnes of CO₂ annually compared with diesel use.
