February 29 2016

VITOL AND SARGEANT MARINE’S NEW ASPHALT BUSINESS VALT LAUNCHES TODAY

The Vitol Group (“Vitol”) and Sargeant Marine (“Sargeant”), the world’s largest asphalt trading, storage and transportation business, today announced the launch of their new asphalt trading venture VALT.

Valt is a leader in trading, storage and marine transportation of asphalt products around the world. It will continue to expand its customer service, leveraging the logistical capabilities, distribution networks and asphalt manufacturing of its shareholders. From launch it will have volumes of circa 1.3 million metric tons of asphalt per annum, hubs in Boca Raton, Florida, Geneva, London and Singapore, and a fleet of fourteen specialised vessels – the world’s largest dedicated asphalt fleet.

In addition, a team experienced in the logistical complexities of asphalt will work with customers to deliver optimal solutions, handling supply and transportation in parcel sizes ranging from 20 metric tons up to 44,000 metric tons.

Dan Sargeant, Managing Director, Valt, said: “I am looking forward to working with Nick Fay and his team from Vitol. We are committed to delivering to market leading standards, globally. Valt’s customers will benefit from decades of experience in asphalt logistics, as well as the strength that our market leading shareholders give us.”

For more information, please see www.valtasphalt.com

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