Business Strategy
We intend to grow our business by expanding into new geographical markets, expanding our product portfolio beyond marine fuel and enhancing our cost advantage by investing in other assets that are closely associated with our core business.
Our three-pronged strategy
We have a three-pronged strategy for growth.
- Markets - We aim to continue growing our sales volumes by expanding into new geographical markets through acquisitions and strategic partnerships, capitalising on development opportunities and marketing to strategic customers.
- Products - We intend to expand our product portfolio beyond marine fuel to include other related products such as jet fuel, gasoline/diesel and middle distillates. As we integrate sales of new products into our existing business, we plan to use our existing infrastructure to provide value-added services to consumers of these products.
- Infrastructure - We plan to enhance our cost advantages by investing in terminals, pipelines, barges, shipping and other assets that are closely associated with our core business. We intend to buy, build or lease based on a number of key factors such as cost-benefit analysis, geographical locations, strategic advantages and other commercial considerations.