JV – Matrix Bharat Marine Services Pte. Ltd.
BPCL has taken a major initiative by joining hands with M/s Matrix Marine Fuels LP, USA, a subsidiary of M/s Mabanaft International GmbH & Co., K.G. Hamburg by forming a Bunkering JV in Singapore with 50:50 equity participation. The JV christened as Matrix Bharat Marine Services Pte ltd., will offer an opportunity to BPCL to set its foot in Global Bunkering Business with a size of 141 MMTA and growing at 1.2 % annually. BPCL has been the physical supplier for the JV in their Indian operations.
Marking our presence in the international market, we have supplied more than 1000 TMT FO to MXB, till date since 2008