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Applegreen announces $126m investment in New Jersey

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Applegreen has announced a $126m investment in the US state of New Jersey, which will see the company open a new North American headquarters in Glen Rock - creating 100 new jobs.

Bob Etchingham was speaking as the company announced a $126m investment in the US state of New Jersey.

The move comes as fuel prices on global markets continue to remain elevated due to the supply shock caused by Russia's invasion of Ukraine, a development that Mr Etchingham said had speeded up the transition to EVs. "The big question is what is going to happen next winter? What is going to gas prices, what is going to happen to power which is predominately produced from gas and what is going to happen to fuel? But I would hope that…it is not going to get much higher than it is at the moment," he stated."But generally what people seem to be trying to do is to wean themselves off Russian fuel and move more towards American or West African product," he stated.

The company also has operations in the UK as well as its extensive network of forecourts here in Ireland.

 

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