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Terminal News

Total acquires Brazilian storage assets

Total acquires Brazilian storage assets
Total plans to acquire Grupo Zema's fuel distribution company Zema Petróleo and its retailer arm Zema Diesel as well as its importation company Zema Importacao.

Zema Petróleo manages several oil products and ethanol storage facilities as well as 280 dealer-operated service stations located in Minas Gerais, Goiás and Mato Grosso. It is also carrying a supply activity to third party retail stations in the same regions.

With this acquisition, Total is entering the largest South American market for the retail of fuels and into the worldwide second largest low-carbon biofuels market. It intends to expand its activities in the area with the objective to double the number of branded stations within five years, particularly throughout the southeast and central-west regions in Brazil.

Momar Nguer, president marketing and services and member of the executive committee, says: 'This acquisition is in line with our strategy to expand in large growing markets and in biofuels markets under out climate roadmap.



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