CNG Fuels

What CNG Fuels does

CNG Fuels Ltd, founded in 2014 and headquartered in London with an operations hub in Wigan, is the UK's largest supplier of 100% renewable biomethane (Bio-CNG) fuel to the heavy goods vehicle (HGV) market. The company operates a dual-infrastructure distribution model: 16 public access CNG refuelling stations positioned on major UK trucking routes plus a fleet of 30 in-house mobile refuelling tube trailers that deliver fuel directly to customer distribution centres, collectively dispensing 59,000+ tonnes of Bio-CNG in the trailing twelve months and serving more than 2,250 trucks daily. Bio-CNG is produced from organic feedstocks (food waste, agricultural residues, wastewater), upgraded from biogas and compressed for vehicle use, delivering up to 90% lifecycle GHG reduction versus diesel with 5-7 minute refuelling and 500+ mile vehicle range.

The business operates three revenue streams: usage-based Bio-CNG fuel sales (comprising a fixed fuel duty component of 22.57p/kg locked by UK government until 2032, monthly wholesale gas price pass-through with no markup, and a quarterly inflation-adjusted compression charge); forward sales of Renewable Transport Fuel Certificates at 25-26 pence per certificate (3.8 certificates per kilogram dispensed) to UK fuel suppliers with RTFO blending obligations; and long-term Mobile Refuelling Station capacity agreements with enterprise customers such as M&S. RTFO certification provides regulatory-backed carbon accounting, and pricing is approximately 25% below diesel and 40% below HVO. The go-to-market is enterprise field sales targeting haulage operators and fleet managers, supported by industry events and the Fuelsight customer portal.

CNG Fuels is a wholly owned subsidiary of ReFuels N.V. (Euronext Growth Oslo: REFL), with Foresight Environmental Infrastructure (FGEN) holding an effective 15% economic interest, implying a 100% equity value of approximately GBP 313 million. The customer base spans 173 vehicle fleets across retailers (M&S, Tesco, Aldi, Waitrose, Morrisons, Lidl, John Lewis), logistics firms (Amazon, DHL, Royal Mail, DPD, GXO), and others, with an FY2026 EBITDA of GBP 14.2 million (more than doubled year-on-year) and FY2027 guidance of GBP 16-20 million.

Name

CNG Fuels

Legal name

CNG Fuels Ltd.

Website

https://cngfuels.com

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

11–50 employees

Short description

CNG Fuels is the UK's largest supplier of RTFO-approved Bio-CNG fuel for heavy goods vehicles, operating 16 public refuelling stations and 30 mobile refuelling trailers serving enterprise fleet operators across retail and logistics via fuel sales, RTFC certificate sales, and mobile refuelling services.

Ownership category

akta.pro rank

Product category

Renewable Transport Fuel Supply

NAICS

Natural Gas Distribution (22121)

SIC

Natural Gas Distribution (4924)

akta.pro primary industry

CNG/LNG Refueling for Industrial Fleets (Private Stations, Yard Fueling) (EUALALAK)

akta.pro secondary industries

Industrial CNG/LNG Supply & Distribution (Virtual Pipelines, Trucking, Satellite Storage) (EUALALAA), RNG Liquefaction & Compression (Bio-LNG, Bio-CNG) (EUAAAEAF), Biofuels & Renewable Fuels Switching (Biomethane/RNG, Bio-oils, Sustainable Biomass) (EUABAJAD)

Keywords

• Renewable transport fuel
• Biomethane fuel supply
• Commercial fleet refuelling
• Compressed biomethane infrastructure
• HGV decarbonisation services

Headquarters

HQ city

Olton

HQ country

United Kingdom

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Supply Chain, Marketing or Sales

Revenue model

1. Bio-CNG Fuel Sales: Direct sale of Bio-CNG fuel to fleet operators at their stations and via mobile refuelling units. Pricing includes fixed fuel duty (22.57p/kg until 2032), monthly wholesale gas price pass-through, and compression charges adjusted quarterly with inflation.
2. Renewable Transport Fuel Certificates (RTFCs): RTFCs awarded at 3.8 certificates per kilogram of Bio-CNG dispensed, sold to fuel suppliers with blending obligations under UK's RTFO scheme. Forward sales at 25-26 pence per certificate provide margin visibility.
3. Mobile Refuelling Station Services: Provision of dedicated Mobile Refuelling Stations to large fleet customers like M&S, offering long-term capacity agreements for Bio-CNG refuelling at customer distribution centres.

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels5 records

Core offering

CNG Fuels is the UK's largest supplier of 100% renewable and sustainable biomethane (Bio-CNG) to the commercial transport sector. The company produces and dispenses RTFO-approved Bio-CNG derived from organic waste feedstocks such as food waste, agricultural residues, and wastewater, distributing it to heavy goods vehicle (HGV) fleets through a network of 16 public access refuelling stations and a fleet of in-house mobile refuelling tube trailers.

Product overview

CNG Fuels operates as a renewable biomethane fuel supplier for commercial transport, offering a unified Bio-CNG fuel product distributed through two complementary infrastructure channels: a network of 16 fixed Public Access Stations strategically positioned on major UK trucking routes, supplemented by Mobile Refuelling Stations that deliver fuel directly to customer sites via an in-house fleet of trailer-based units. The company also provides the Fuelsight Portal as a customer account management tool. All offerings centre on the core Bio-CNG Fuel product, a 100% renewable biomethane derived from organic waste feedstocks.

Differentiator

Problem solved

Functional benefit

Products and services

• Bio-CNG Fuel 100% renewable and sustainable compressed biomethane fuel derived from organic waste feedstocks including food waste, agricultural residues, and wastewater streams. Provides up to 90% reduction in lifecycle greenhouse gas emissions versus diesel, with refuelling times of 5-7 minutes for 500+ mile range. Sold to commercial haulage operators.
• Public Access Bio-CNG Refuelling Stations Network of 16 public access Bio-CNG refuelling stations on major UK trucking routes offering 100% fuel availability via UK Gas grid-connected supply. Locations include Avonmouth, Aylesford, Bangor, Bellshill, Castleford, Corby, Crewe, Doncaster, Erdington, Knowsley, Leyland, Livingston, Newark, Newton Aycliffe, Northampton, and Warrington. Available to fleet operators and haulage companies.
• Mobile Refuelling Stations Trailer-based Bio-CNG refuelling units delivering fuel directly to customer distribution centres and premises. Fleet of 30 in-house tube trailers dispensing approximately 340,000kg of Bio-CNG weekly and refuelling up to 650 HGVs daily. Available to enterprise fleet customers on long-term capacity agreements.
• Fuelsight Portal Online customer portal enabling haulage operators to manage fleet refuelling accounts, view usage data, and access fuel management tools.

Quantifiable outcome

• 90% reduction in lifecycle GHG emissions vs diesel based on RTFO audited values
• +6 more outcomes

Named customers14 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Four partnerships are on record, tiered minor and core.

• Swindon Borough Council / Local AuthoritiesminorOthers · 27 May 2026New station construction in Swindon, South-West England, expected Q1 2027. Station will provide clean fuel to truck operators across high-demand M4 corridor between London, South Wales, and Midlands.
• Marks & Spencer (M&S)coreStrategic or Co-development Partner · 23 April 2026Long-term agreement for CNG Fuels to provide Mobile Refuelling Stations at M&S UK distribution centres. Supports M&S expansion of biomethane-powered HGV fleet to more than 300 vehicles by end of March 2027. Agreement includes redeployment of existing MRS and manufacturing of up to three new units.
• Scania UKcoreStrategic or Co-development Partner · 23 April 2026Partnership in M&S Bio-CNG truck deployment. Scania provides 4×2 and 6×2 CNG trucks for M&S fleet. M&S operates approximately 150 Scania 4×2 trucks and 26 Scania 6×2 trucks.
• ReFuels N.V.coreOthers · 1 January 2017ReFuels N.V. (founded 2017) owns 40% of CNG Fuels. Europe’s largest supplier of unsupported biomethane to the transport sector. Listed on Euronext Growth Oslo (ticker: REFL). CNG Fuels operates the UK’s largest CNG refuelling network under this ownership structure.

Scale indicators12 records

Recent moves5 records

Expansion highlights3 records

Direct peers

• Gasrec: UK-based provider of LNG and CNG refuelling for commercial HGV fleets. Closest direct competitor to CNG Fuels in the UK heavy-truck gas refuelling market, with overlapping customers and a similar depot-based supply model.
• Flogas: UK LPG, LNG and renewable gas distributor serving commercial, industrial and transport customers. Comparable UK-based alternative fuel distributor with overlapping fleet and industrial customers.
• Highwood Gas Distribution: UK-based CNG/LNG distribution and virtual pipeline operator. Operates in adjacent segments of the UK natural gas vehicle fuel market with comparable small/medium commercial fleet customer base.
• Greenergy: UK biofuel supplier with strong relationships to major fuel retailers and commercial fleets. Competes with CNG Fuels in the road transport decarbonisation market, primarily through biodiesel rather than biomethane.
• Certas Energy: UK fuel distributor (part of DCC plc) supplying diesel, gas oil and commercial fuels to fleets. Adjacent competitor in commercial transport fuel supply with shared retail and logistics customers.

Others

• ReFuels N.V. Dutch parent company of CNG Fuels, listed on Euronext Growth Oslo. Europe's largest supplier of unsupported biomethane to transport, operating a similar CNG refuelling model across multiple European geographies beyond the UK.

Broad incumbents

• Air Products: Global industrial gases major with hydrogen and biomethane infrastructure. Competes in adjacent clean-fuel infrastructure (especially hydrogen mobility) and has the balance sheet to enter UK CNG refuelling at scale.
• Linde: Global industrial gas and engineering company active in hydrogen mobility and clean fuels. Comparable in gas-handling expertise and infrastructure, with broad portfolio rather than CNG-only focus.
• Shell Mobility: Global fuel retail and B2B fleet solutions provider with growing renewable fuels portfolio. Competes with CNG Fuels for fleet decarbonisation budgets at large enterprise customers and could replicate UK station coverage given its network density.
• BP Pulse: BP's EV charging and fleet energy solutions arm. Adjacent incumbent offering depot-based charging infrastructure to the same enterprise fleet customers, competing for decarbonisation budget share.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/CNG_FUELS

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about CNG Fuels