Lake Asphalt of Trinidad and Tobago

Last updated
Lake Asphalt of Trinidad and Tobago
TypeState owned
Industry Asphalt
Founded1851
Headquarters Trinidad
Key people
Garry Solomon, (CEO)
Website www.trinidadlakeasphalt.com
Lake Asphalt operations at Pitch Lake, 2016 STAPP 110 La Brea Lake Asphalt of Trinidad and Tobago (1978).jpg
Lake Asphalt operations at Pitch Lake, 2016

Lake Asphalt of Trinidad and Tobago is a company based in La Brea in Trinidad involved in the mining, processing and exporting of asphalt products from the Pitch Lake.

Contents

History

The business was founded in 1851 by the tenth Earl of Dundonald who took out a patent for the use of asphalt from the Lake at La Brea. [1] J.W. Previte and A.L Barber later joined the team and in 1888 secured a 21-year concession for the exploitation of the Lake. [1] In 1949 the business was renamed The Trinidad Lake Asphalt Company. [1] Ownership remained with the Previte Company based in the UK which comprised a network approximately 24 public companies around the world through which the asphalt was sold. [2]

The Limmer & Trinidad Lake Asphalt Company became the first contractor to use asphalt from the Lake for road surfacing. [1] In the early 1970s, when the UK market switched to coal tar, asphalt became a much less popular product and the Government of Trinidad and Tobago took ownership of the asphalt extraction business in 1978. [1]

Operations

Asphalt from the Lake is currently sold throughout the world as a modifier for refinery bitumen. [2]

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Barber Asphalt Company of Washington, D.C. started in 1883 was founded by Amzi L. Barber. Barber, born in 1843. Barber first career was a teaching professor, he moved to real estate. In real estate, he found the problem of needing affordable paved roads. He found that asphalt was a great affordable material for paved roads. He added asphalt shingles to his products. In 1879 he moved Headquarters to New York City. He had offices in Washington, D.C. from 1878 to 1912, Philadelphia, Pennsylvania from 1912 to 1938 and Maurer, Perth Amboy, New Jersey from 1938 to 1948. In 1888 Barber leased the largest know asphalt deposit at Pitch Lake Trinidad. Barber opened a subsidiary, called the Iroquois division, and Iroquois Electric Refrigeration Company. Elkins Widener purchased the company in 1898 and merged with his Trinidad Corporation subsidiary. This formed the Asphalt Company of America of New York. In 1899 Asphalt Company of America was sold to John M. Mack and renamed, National Asphalt Company of America. In 1901 Barber retired from the Barber Asphalt Company. National Asphalt Company of America closed in 1902. In 1903 it opened again as General Asphalt Company. Uintah Railway Company was founded in 1903 by the Barber Asphalt Paving Company. Barber has paved millions of miles of roads. In 1904 Barber returned the company. In the 1920s Barber Asphalt Company opened a refinery in Perth Amboy, New Jersey at the time the town was known as Barber. The Barber Asphalt refinery is now the Perth Amboy Refinery. General Asphalt and Barber division merged in 1936. After the merger, the name was changed to Barber Company, Inc.. In 1938 the name was changed to Barber Asphalt Corporation. Barber Asphalt entered into a joint venture with Standard Oil Company of California in 1946. The joint venture was called California Refining Company.

References

  1. 1 2 3 4 5 History of the Company Lake Asphalt of Trinidad and Tobago
  2. 1 2 First Magazine Lake Asphalt of Trinidad and Tobago