By Lenie Lectura – April 25, 2018
from Business Mirror
PHOENIX Petroleum Philippines has recently forged a supply contract with the Manila Electric Co. (Meralco).
The oil firm said it has started supplying and delivering fuel to the country’s largest distributor of electrical power. Under the contract, Phoenix will supply Meralco’s 11 fuel stations. The oil company will also provide the Phoenix PULSE Technology as a complementary product for the deal, making Meralco the company’s first commercial client to be served such.
Phoenix PULSE Technology is a newly launched fuel additive with cleaning and protection properties for enhanced power and acceleration.
“We thank Meralco for giving us the honor and the privilege to be their partner. We truly value this business, and we are here to stay,” Phoenix COO Henry Albert Fadullon said during the launch of the partnership on April 2.
Phoenix Petroleum is among the country’s top 3 providers of fuel to a wide range of commercial and industrial businesses in power, marine, manufacturing, transportation, aviation and other industries. It is the leading independent oil company and is engaged in the trading and marketing of refined oil products, including liquefied petroleum gas and lubricants; operating depots and storage facilities; hauling and into-plane services; and trading and supply.
Earlier this year, it expanded its business into convenience retailing after acquiring Philippine FamilyMart, and to asphalt manufacturing, marketing and distribution through Phoenix Asphalt Philippines Inc.
Meralco, now on it’s 115th year, is the largest private-sector electric-distribution utility company in the Philippines servicing 36 cities and 75 municipalities, including Metro Manila. It serves 6.3 million customers, which include the core of the country’s industrial, commercial and population centers.