Greenergy creates new business in Dubai
27th January 2014
Greenergy, the UK's leading supplier of petrol and diesel, today announced the opening of a new office in Dubai and the start of a new business called Greenergy Asia DMCC, led by Tirath Magdani, recently appointed as CEO Greenergy Asia.
The aim of the business is to:
- Further develop Greenergy's global supply platform by co-investing in supply partnerships for oil products and biofuel feedstock in Asia, the Middle East and India; and
- Develop local opportunities for supply of logistical services based around the Greenergy Flexigrid logistical systems and expertise.
Following its purchase of former refineries on Teesside and at Thames Oilport in the United Kingdom, Greenergy now has the benefit of deep water product jetties and is able to bring product on large LR1 and LR2 type vessels direct from the Middle East and Asia to the UK market. The opening of the new office is part of developing these import opportunities.
Andrew Owens, Greenergy Group Chief Executive said:
"With deep water jetties at Thames Oilport and Greenergy North Tees and additional storage at both locations, we now have the infrastructure to move oil products from Asia and the Middle East directly to the UK."
Tirath Magdani, CEO Greenergy Asia said:
"Greenergy Asia DMCC, registered in Dubai, has been established to forge closer trading and supply relationships with Middle Eastern and Asian fuel and feedstock producers. I am looking forward to introducing Greenergy as a customer and business partner in these very exciting markets."