Annual Report 2018

"Several significant market events combined, resulting in a much lower than expected financial performance this year. With most of these events now behind us, we remain confident in the underlying value of our business. Investments and acquisitions undertaken during the period have further positioned us to achieve growth in 2019 and the years beyond." 

Andrew Owens
Chairman and Founder

Download Annual Report > (PDF, 12.9 MB)

Strategic highlights

Strategic highlights

Fuel supply - Europe

Our aim

Develop low-cost and resilient fuel supply chains to earn the long-term loyalty of our customers in the UK and Ireland.

Highlights


Fuel supply - Americas

Our aim

Expand by replicating our successful UK model of infrastructure investments driving sales.

Highlights

  • In Canada, continued expansion of our multi-modal supply chains to ensure low-cost and reliable fuel supply
  • Opening of first Breakaway branded retail outlet in Ontario, Canada
  • Maintained our presence and reputation in the Brazilian market during a period of significant regulatory change.

Americas


middle east

Fuel supply - Middle East

Our aim

Through our joint venture, become a leading blender and trader of gasoline in the Middle East region.

Highlights

  • Blended over 1 billion litres of gasoline for supply to Bahrain’s local market
  • Established a trading platform to trade gasoline and import/export blending components.
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Global biofuels

Our aim

Create value from biofuel manufacturing and supply.

Highlights

  • Continued growth in our biodiesel manufacturing output as a result of investments in process improvements
  • Further extension of raw material supply chains outside of Europe, including the acquisition of Rexon Energy in Singapore
  • Acquisition of a third manufacturing plant in Amsterdam, due to commence production in the latter half of 2019.
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global biofuels


Investments and infrastructure

Investments and infrastructure

Our aim

Acquire, regenerate and operate assets that support our supply chain objectives.

Highlights

  • Uninterrupted supply of fuel in the south of England following jetty damage at Navigator Thames
  • Acquired the remainder of the shares in Thames Enterprise Park and entered into a joint venture with iSec, a Marcol company, for the development of the site, with planning application submitted
  • In Canada, completion of initial works to modernise the Thunder Bay terminal which we acquired in 2017
  • Also in Canada, commenced construction of a rail-to-road facility in Johnstown, Ontario (our third terminal in Canada).