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The Prax Group

The Prax Group is a British independent oil refining, storage, distribution and sales conglomerate dealing in crude oil, petroleum products, liquefied natural gas and bio-fuels. The company is headquartered in London, England, and has trading offices in Singapore and in Houston in the US.

The Prax Group’s downstream marketing and distribution businesses – including retail, wholesale, aviation and marine bunkering – carry the Harvest Energy brand. Midstream and upstream businesses – including refining, processing, blending, and supply and optimisation – carry the Prax brand. The company is collectively identified as the Prax Group.

The company was founded in 1999. The Prax Group’s businesses are separated into four distinct, but integrated, divisions, which are: integrated supply & optimisation, financial integrated supply & risk management, refining and distribution.

The Prax Group blends physical oil to regional, market and customer specification in terminals around the world, moving product by ship, road, rail, and pipeline. Products including petrol, diesel and bio-fuels such as HVO are distributed through a global supply network, serving customers in the retail, wholesale, marine, haulage and government sectors. The company has storage for Jet A1 and Avgas and its aviation arm, Harvest Energy Aviation, provides into-plane services for the commercial and general aviation industry.

In July 2020, the Prax Group signed an agreement with the oil major Total to purchase Lindsey Oil Refinery, situated near Immingham in the north east region of the UK, along with the refinery’s associated logistics assets. The acquisition was successfully completed on 1st March 2021, and the facility was re-named Prax Lindsey Oil Refinery. Constructed in 1968, the refinery operates 24 hours a day, 365 days a year, and has the capacity to process up to 109,000 barrels of oil a day.

As of 1st March 2021, the Prax Group has over 1,350 employees and 12 offices situated worldwide. The company’s portfolio includes over 200 service stations across the UK. The Prax Group has a global storage capacity of 850,000 cbm.

In 2019, the Department for Transport ranked the Prax Group the number one supplier of renewable fuels, with the highest greenhouse gas savings in the UK.

In 2020, the Prax Group was ranked 17th on The Sunday Times Top Track 100 listing of Britain’s private companies with the biggest sales.

History

The company was founded in 1999 to sell petroleum products. Three years later, in 2002, Prax was incorporated to separate the selling of petroleum products from the company’s retail and wholesale operations. The company acquired its own oil storage facilities in 2007, and expanded its oil storage portfolio in 2012. It acquired a fuel storage terminal in 2014 and an oil terminal in 2016. The Prax Group expanded its retail network across the UK with the acquisition of a retail forecourt business in 2018. The year after, in 2019, the Prax Group signed a license branding agreement with the oil major Total to allow the company to develop its network of service stations across the UK. In 2020, the Prax Group signed an agreement with Total to purchase Lindsey Oil Refinery and its associated logistics assets. In the same year, the Prax Group established a road tanker logistics operation, called Axis Logistics. In 2021, the Group successfully completed its acquisition of Lindsey Oil Refinery.

Operations

United Kingdom

The Prax Group’s global headquarters are in London, England. The company also has an office in Weybridge, Surrey.

The company’s downstream retail operations fall under the Harvest Energy brand, comprising over 200 service stations across the UK. The company operates three unmanned service stations – located at Swindon, Holmer Green and Heathrow – under its Breeze brand, which are operational 24 hours a day.

The Prax Group’s logistics operations are carried out by Axis Logistics, an in-house road tanker logistics division, with trucks operating out of the company’s hub in West Thurrock, Essex.

The Prax Group owns an oil terminal facility in Jarrow, in the north east of England. The terminal is a top tier COMAH (Control of Major Accident Hazards) site, and has a capacity of 40,000 cbm. The terminal stores petrol, diesel, gasoil, kerosene, Jet A1, Avgas, bio-fuels and additive products, including the only UK supply of TOTAL EXCELLIUM. In 2019, Prax Terminals supplied over 476 million litres of product to a range of retail, commercial and industrial customers.

The Prax Group’s Fuel Cards business is based out of its Jarrow office, authorising payment of fuel at designated service stations across the UK. Other Locations

The Prax Group has trading offices in Singapore and in Houston in the US, and branch offices in Albania, Belgium, China, Holland, India, Kazakhstan, Nigeria, Saudi Arabia and Sri Lanka.

The Prax Group’s marine operations are undertaken from a branch office in Antwerp, Belgium, delivering more than 5 million barrels of bunker fuels every year. Operating as Harvest Energy Marine, the company supplies marine fuel and gas oil through ship-to-ship bunkering and onshore deliveries in locations throughout the Amsterdam, Rotterdam and Antwerp (ARA) region and across North West Europe. In October 2020, the Prax Group acquired the Total Zeebrugge Depot in Belgium, which was re-branded as Prax Terminals Belgium, with Harvest Energy Marine managing all bunkering and commercial operations.