Foresight Group LLP has announced an £80 million investment in CNG Fuels to enhance biomethane refuelling infrastructure for HGVs, supporting the UK's transition to carbon-neutral transportation.
Target Information
Foresight Group LLP has announced an £80 million investment through its funds into a portfolio of five biomethane Compressed Natural Gas (Bio-CNG) refuelling stations for heavy goods vehicles (HGVs). This strategic investment aims to facilitate the transition of fleets from diesel to carbon-neutral fuel, aligning with broader environmental goals.
The funding, provided by the Foresight Inheritance Tax Fund and JLEN Environmental Assets Group, supports a joint venture with CNG Fuels Limited, a prominent developer of CNG refuelling infrastructure in the UK. The capital injection will acquire existing refuelling stations and finance the construction of an additional 14 locations along major trucking routes in the UK, further supporting the nation's commitment to achieving net-zero emissions by 2050.
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Industry Overview
The transport sector represents the largest source of carbon dioxide emissions in the UK, accounting for 34% of total greenhouse gases, with HGV operations contribut
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Foresight Group LLP
invested in
CNG Fuels Limited
in 2020
in a Joint Venture deal
Disclosed details
Transaction Size: $101M