Puma Energy intends to expand its operations in Africa with new storage facilities and terminals to satisfy a growing demand for refined products.
The expansion, driven by emerging markets and global needs for higher grade fuels, includes entering the South African market with 123 retail stations and a storage depot at Richards Bay.
The intended storage capacity is 46,000 m3. This is in addition to the 110,000 m3 capacity at the Matola Storage Terminal in neighbouring Mozambique Puma Energy, which opened last year.
Taking into account existing storage in Beira, Puma’s total storage capacity in that country along will swell to 275,500 m3.
The company says in a statement: ‘Establishing a footprint in the South African market was a logical progression for Puma Energy as it has grown to become one of the largest independent storage and downstream companies in sub-Saharan Africa and continues to expand its footprint from west to east.
Christophe Zyde, COO for Puma Energy Africa says: ‘We have invested significantly into Africa’s oil and petroleum sector. Our investments underpin our commitment to the sustained economic and infrastructural development of the region.
‘We are positive about the impact our new terminal will have on further unlocking the potential of the Richard’s Bay Port, the neighbouring industrial development zone, and the KwaZulu-Natal region. The investment will enable Puma Energy to supply specifically non-blended product with no additives to the South African market,’ adds Jonathan Molapo, sub-region al head for Puma Energy Africa.