Smart Energy Sweden Group AB (publ), SE0002627141

Smart Energy: Focus on renewable Fuels

07.03.2017 - 08:03:14

Smart Energy: Focus on renewable Fuels. Smart Energy Sweden Group AB (publ), SE0002627141

Fiskebäck/Sweden, 7 March 2017 - Smart Energy Sweden Group AB (SMAR, ISIN: SE0002627141) has signed an agreement to a market leader purchase a certain percentage of their annual volume sold in the form of the fossil-free fuel HVO.

The fuel is produced at fossil-free components and can be used in all diesel engines. The fuel cut emissions radically, and has previously sold to smaller share of the subsidiaries, but when mixed in a part of the sold diesel. Now the bulk supply of pure 100% HVO begin to be delivered from v. 9 to haulage and agricultural customers in the group who wishes or demands from their customers to operate their vehicles with renewable fuels.

This is part of the Smart Energys's strategy to slowly replace the Group sold fuels to only be fossil-free.

Customer Price is equivalent to conventional diesel. The margin per sold liters is also equivalent to conventional diesel.

The strategy is to start sales of the HVO 100 on two of Smart's fuel stations in southern Sweden in the spring of 2017.

The Management Board

Further information: www.smartenergysweden.se

About Smart Energy Sweden Group AB The Swedish based Smart Energy Group is active in the energy sector of Sweden via different subsidiaries. Beside the operation of filling station (b2c) and trading of fuel with authorized dealers, Smart Energy is active in the bulk sale of fuel (b2b). Smart Energy is also active in maritime logistics and has access to own tanker capacities. The most growing business sector of the company is to offer the public a safe and secure supply of fuel via filling stations in rural Sweden. The so called "SMART FILLING STATION" is an innovative, fully automated, small filling station powered by solar panels. Due to the large market for small filling stations in rural Sweden (5,000 suitable areas), Smart Energy sees good opportunities to achieve a reasonable market share in this segment and targets a market share in this sector of 10 % over a 5-year period. Overall Smart Energy aims to become a leading Swedish supplier of petrol not only by organic growth but also through the consolidation of smaller operators within the sector.

 

07.03.2017 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

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