(Bioenergy Insight) Foresight Group has partnered with CNG Fuels to develop a network of refuelling stations in the UK, providing an initial £80 million (€89 million) in funding.
The stations will enable heavy-goods vehicles (HGVs) to run on carbon-neutral fuel.
CNG Fuels opened its fifth refuelling station near Birmingham last week, and the funding will see it develop at least 14 further public access stations on major routes over the next two years. This will quadruple the firm’s capacity and enable it to refuel 8,000 vehicles per day.
Additionally, CNG Fuels will make carbon-neutral fuel available from Glasgow to Bristol, meeting growing demand from major brands keen to switch their fleets away from diesel.
The company is a major UK supplier of bio-CNG, the lowest-carbon, most cost-effective alternative to diesel for HGVs. The fuel is 35-40% cheaper than diesel and cuts vehicle greenhouse gas emissions by up to 85%.
Richard Morse, chairman of JLEN, Foresight Group’s listed environmental infrastructure fund, said: “We are pleased to make this investment into biomethane refuelling infrastructure, helping to decarbonise one of the most emission-intensive parts of the transport sector.
“We consider that the two pillars of better environmental performance and lower-cost operations for customers combine to support our investment case, and we look forward to supporting the growth of a national biomethane refuelling network.” READ MORE
UK: £80 million investment in biogas refueling network for heavy trucks (NGV Journal)