April 2001

Petronord Puts Things Together, Creates Companies NEWCo Neue Energie- und Wärmekonzepte and Petrocargo

In April 2001, the Petronord shareholding Wittemöller Mineralöle (Lübbecke) and the companies Hempelmann (Hiddenhausen) and Kemena (Löhne) merge to become NEWCo Neue Energie- und Wärmekonzepte. Until now, all three companies have been doing business as competitors in the same region. In addition to traditional oil trading, the new company runs card-operated service stations specifically for transport companies and others, which are now connected across Europe under the tankpool24 brand. As an ISO-certified lubricants expert, NEWCo is one of ExxonMobil’s largest lubricants partners in Germany.

Concurrently to the merger of the three companies, their logistics are pooled in Petrocargo Mineralöllogistik. Initially its main customer is NEWCo, but Petrocargo also offers other oil companies in the region support with export logistics.