Minerva Bunkering expands its operations and supply network across the Americas with the acquisition of Bomin Bunker Oil from Mabanaft.
The marine fuel supplier and a subsidiary of Mercuria Energy Group, a large privately-held energy and commodities company, revealed this acquisition during Minerva Bunkering’s event at SIBCON 2024 in Singapore.
The company didn’t disclose the price for the acquisition. Bomin’s physical supply locations, include US Gulf Coast ports, Norfolk, Panama, and Ecuador.
“This acquisition marks an exciting extension of our footprint in the Americas,” said Tyler Baron, CEO of Minerva Bunkering.
“By integrating Bomin’s assets and capabilities, we can better serve our customers and deepen our physical supply presence in strategic markets like Houston and Norfolk.”
Bomin Group, a global marine fuel supplier, had consolidated its focus in recent years on the Americas.
The acquisition is particularly significant in Minerva establishing a physical supply operation in Houston for the first time.
