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Seaoil
From Wikipedia - Reading time: 5 min
 | |
| Company type | Private |
|---|---|
| Industry | Oil and gas |
| Founded | 1978 |
| Founder | Francis Yu Hua Ting |
| Headquarters | Taipan Place, Ortigas Center, Pasig, Philippines |
Area served | Philippines |
Key people | Francis Glenn Yu, (President & CEO) |
| Products | Fuel Lubricants |
| Website | [Official website] |
Seaoil Philippines, Inc. is a fuel company founded in 1978. The Filipino-owned company offers fuel products ranging from automobile gasoline to industry-specific lubricants and services such as storage and shipping.
History
[edit]Seaoil Philippines was founded in 1978 by Francis Yu, operating storage facilities for petroleum and petrochemical based products. A few years later, it expanded its operations in the petroleum market. In 1988, the company partnered with Paramins to develop lubricants. In anticipation of the oil market deregulation in 1996, Seaoil Philippines established a retail station in 1997, and as of December 2022, now has 700 stations.[1]
In December 2017, SEAOIL entered a strategic partnership with Caltex Australia (now Ampol). As part of the partnership, Caltex Australia would supply oil to SEAOIL via its fuel trading and shipping business, Ampol Singapore, while Caltex Australia would take up a 20% equity interest in SEAOIL.[2] Caltex Australia's acquisition of the 20% equity interest was completed in March 2018.[3]
Products
[edit]Seaoil gasoline products are compliant with the Biofuels Act of 2006, which mandates the blending of 1 percent CME (coco-methyl ester) for all diesels in May 2007 (upgraded to 2 percent in 2009), and blending of 10 percent ethanol into gasoline and other product lines in 2009.[4]
Fuel
[edit]See also
[edit]References
[edit]- ^ "SEAOIL continues expansion, opens its 700th station". Manila Bulletin. Retrieved 2023-04-13.
- ^ "Caltex Australia enters into a strategic partnership with SEAOIL (Philippines), including the acquisition of a 20% equity interest". Caltex Australia. 21 December 2017. Archived from the original on 9 March 2020. Retrieved 6 March 2020.
- ^ "Caltex finalises investment in SEAOIL (Philippines)". Caltex Australia. 2 March 2018. Archived from the original on 9 March 2020. Retrieved 6 March 2020.
- ^ "Biofuels Law of 2006" (PDF). senate.gov.ph.
- ^ "Seaoil launches 97-octane 'clean fuel'". The Manila Times.[permanent dead link]
- ^ "SEAOIL launches BioXCEED Diesel with 1% CME". Biofuels.ph.
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