By Lenie Lectura - April 25, 2018
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.
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