Puma Energy Announces a Cooperative Agreement With Associated Asphalt in Florida

LONDON, December 15, 2017 /PRNewswire/ --

Puma Energy and Associated Asphalt today announce that they have entered into a series of agreements for supply of asphalt to customers in Florida, USA. Associated Asphalt will take over Trafigura's retail asphalt marketing at their current Florida terminals. Puma Energy, of whom Trafigura is the largest shareholder, will manage the supply chain into their current terminals in Jacksonville, Cape Canaveral, and Port Everglades. Associated Asphalt will be responsible for the supply and marketing at the Port Manatee terminal.

"This cooperation is designed to deliver the best service possible to our customers by taking advantage of Associated Asphalt and Puma Energy's areas of expertise," comments Hannah Hauman, Head of Bitumen for Puma Energy. Previously Puma Energy provided services to Trafigura's asphalt business.

The new collaboration will come into effect on January 1st, 2018.

"Together, Puma Energy and Associated Asphalt will be able to improve their quality and service offering and look forward to building a stronger business to support the success of their customers," comments John Janes, President of Associated Asphalt.

Notes to editors:

• Associated Asphalt manages one of the largest wholesaling operations in the United States and operates through 29 terminals in the United States, guaranteeing a secure and high-quality supply of asphalt to its customers.
• Trafigura, a market leader in the global commodities industry, is the largest shareholder in Puma Energy, a midstream and downstream leader in logistics and marketing of oil related products. Puma Energy owns the largest fleet of asphalt specialised vessels and further owns and operates 28 asphalt terminals of 538kt capacity to service its worldwide customer base.

About Associated Asphalt  

Associated Asphalt is one of the largest independent asphalt resellers in the United States. Associated Asphalt stores, blends, hauls and sells a diverse mix of performance grade asphalt through 29 liquid asphalt and emulsion terminals. Associated Asphalt facilities service the Mid-Atlantic and Southeastern states within the PADD 1 region of the United States, which is the most densely populated PADD region. More information about Associated Asphalt can be found at http://www.associatedasphalt.com .

About Puma Energy  

Puma Energy is a global integrated midstream and downstream oil company active in 48 countries. Formed in 1997 in Central America, Puma Energy has since expanded its activities worldwide, achieving rapid growth, diversification and product line development. The company directly manages over 8,000 employees. Headquartered in Singapore, it has regional hubs in Johannesburg (South Africa), San Juan (Puerto Rico), Brisbane (Australia) and Tallinn (Estonia).

Puma Energy's core activities in the midstream sector include the supply, storage and transportation of petroleum products. Puma Energy's activities are underpinned by investment in infrastructure which optimises supply chain systems, capturing value as both asset owner and marketer of product. Puma Energy's downstream activities include the distribution, retail sales and wholesale of the full range of refined products, with additional product offerings in the lubricants, bitumen, LPG and marine bunkering sectors. Puma Energy currently has a global network of over 2,500 retail service stations. Puma Energy also provides a robust platform for independent entrepreneurs to develop their businesses, by providing a viable alternative to traditional market supply sources.

For further information visit: http://www.pumaenergy.com

About Trafigura  

Founded in 1993, Trafigura is one of the largest physical commodities trading groups in the world. Trafigura sources, stores, transports and delivers a range of raw materials (including oil and refined products and metals and minerals) to clients around the world. The trading business is supported by industrial and financial assets, including 49.6 percent owned global oil products storage and distribution company Puma Energy; global terminals, warehousing and logistics operator Impala Terminals; Trafigura's Mining Group; and Galena Asset Management. The Company is owned by around 600 of its 3,935 employees who work in 62 offices in 35 countries around the world. Trafigura has achieved substantial growth over recent years, growing revenue from USD12 billion in 2003 to USD136.4 billion in 2017. The Group has been connecting its customers to the global economy for more than two decades, growing prosperity by advancing trade. Visit: http://www.trafigura.com

SOURCE Puma Energy