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Marquard & Bahls AG | |
Type | Aktiengesellschaft |
Industry | Energy supply, Energy Trading, Energy Logistics, Chemicals |
Founded | 1947Hamburg | in
Founder | Theodor Weisser |
Headquarters | HafenCity, Hamburg , |
Key people |
|
Revenue | €13.875 billion [1] [2] (2019) |
Number of employees | 6,715 [1] [2] (2019) |
Website | www |
Marquard & Bahls is a Hamburg-based company that is active in the fields of energy and chemicals. [2] Its core lines of business include tank storage logistics, trading and aviation fuelling. [3] Marquard & Bahls was founded in 1947 [4] [5] and has been a stock corporation under commercial law since 1992. [6] The Group has a presence in 33 countries around the world. [7] At the end of 2019, the company employed 6,715 people [1] [2] (2018: 7,561). [8] In 2019, the company generated revenue of EUR 13.875 billion [1] [2] (2018: EUR 14.728 billion). [8]
Marquard & Bahls is organized as a holding company [9] [6] [10] and operates through its subsidiaries in several business areas:
Since August 2018, Mark Garrett has served as CEO of the company, which is not listed on the stock exchange. [20] [21] Hellmuth Weisser was Chairman of the supervisory board from 2003 to February 2017. His successor is Daniel Weisser. [22]
Theodor Weisser established the business in 1947 by purchasing Marquard & Bahls, a company that had traded in cereals and lubricants since its founding in 1913. At the time of the takeover, the company existed only as a shell. [23] Theodor Weisser began trading in heating oil and lubricants, and gradually expanded the business activities in the following years. In the mid-1950s, the company also entered the tank storage business, [24] and in the 1960s focused particularly on expanding its activities abroad. Its trading subsidiary Mabanaft played an important role in developing the spot market in Rotterdam. [25]
In 1972, the tank terminals owned by Marquard & Bahls were grouped into its Oiltanking subsidiary; this marked the beginning of the establishment of an independent provider of tank storage services. In the 1990s, a new service-station organization [26] [9] was established, [27] which now does business under the OIL! brand. Beyond this, the company had been active in the sale of heating oil to end-consumers since the 1980s; these activities were bundled under the Petronord umbrella in 1996. [28] In 1999, Marquard & Bahls entered the aviation fuelling business, [29] and continually expanded this line of business, which operates as Skytanking, in the following years. Since 2002, Marquard & Bahls has also been active in the field of renewable energies. In addition to the biofuels trade, which is part of Mabanaft, this also includes biogas. [30] The Mabagas subsidiary realized biogas projects based on organic waste from 2008 to 2018. [31] [32] [33]
In 2008 and 2011, Marquard & Bahls acquired shares in Newsco companies through Oiltanking. In 2014, Marquard & Bahls achieved a majority shareholding in Newsco by acquiring further stakes. [34] In March 2017, the Group sold all of its shares in Newsco International Energy Services. [35] In May 2012, Oiltanking acquired United Bulk Terminals in the US. [36] This division had been directly allocated to Marquard & Bahls since the end of 2014 until September 2019, when Marquard & Bahls sold United Bulk Terminals. [37] [13] [38] In August 2019, Marquard & Bahls also sold its stake in natGAS AG, Potsdam, to the former co-shareholder Friedrich Scharr KG, Stuttgart. [39] [40] Exploring investment opportunities in the renewable energy & chemical sector, Marquard & Bahls invested in the Norwegian company Nordic Blue Crude in December 2019. [41] [42]
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