UTRECHT, The Netherlands, March 3, 2010 /PRNewswire/ -- Mercuria Energy Asset Management B.V., part of the Mercuria Energy Group, has announced today that Mercuria's wholly owned terminal processing assets will be renamed under a common 'VESTA' brand.
These assets are: - Vesta Terminal Flushing B.V., (The Netherlands) - formerly Mercuria Terminals Flushing B.V. - Vesta Terminal Tallinn OU, (Estonia) - formerly Eurodek Synergy OU - Vesta Terminal Antwerp N.V., (Belgium) - formerly Nafta (B) N.V. - Vesta Biofuels Brunsbuttel GmbH Co. KG, (Germany) - formerly 3B Biofuels GmbH Co. KG - Vesta Biofuels Amsterdam B.V., (The Netherlands) - formerly Mercuria BioEnergy B.V.
Mercuria's minority holdings in assets in China, Africa and Brazil do not carry the Vesta name.
Commenting on this development, Anton Klomp, Member of the Board of Mercuria said:
Mercuria has a growing portfolio of assets in midstream oil and biofuels and we want our customers to be able to identify with a common brand - delivering a safe and reliable service. It's not only a change of name, we are bringing a common focus on Safety, Health, Environment and Quality - which are key to running a successful operation.
Vesta is establishing a global presence in energy infrastructure and we are continually on the lookout for further assets in key energy hubs and niche markets.
The Mercuria Energy Group is an international group of companies active over a wide spectrum of global energy markets, including crude oil and refined products, natural gas, power, biodiesel, vegetable oils, coal and carbon emissions. In addition to its trading core the group has upstream and downstream assets ranging from oil fields in the US, Canada and Argentina, to oil storage terminals in Belgium, The Netherlands, Estonia and China and biodiesel production facilities in Germany and The Netherlands. Mercuria owns or leases over 30 million barrels of strategically placed crude oil and products storage facilities around the world. The company has offices in twenty countries. Its largest trading floor is in Geneva, Switzerland. Group turnover was $47 billion in 2008.
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SOURCE: Mercuria Energy Group
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