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Anyone else doing PURPA work?
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Absolutely felt the sting. Fortunately our overhead is low and we were able to patiently wait while world order returned. Now that the impact of Russia/Ukraine has pretty much been absorbed into the system, we are moving on.
This is my role in moving forward.
Our company is a wholesale distributor of several Petroleum products, including Jet A1, ULSD or EN 590 10 ppm and Marine Fuels. We do business globally.
One of my primary roles is to structure JV’s with companies currently purchasing any type of petroleum product directly from a Refinery in any non-sanctioned country. We have funding of $600M USD and contacts with major exit buyers.
So, what the other company would do is either increase the allocation of the product they are currently buying or talk to their refinery contact about other products. We would buy the products and work out a financial arrangement for our JV Partner.
Let me know if you have a company that might meet these criteria, or if you have any questions.