Amber Petroleum

Amber Petroleum is a leading supplier of heating oil and agri diesel in Ireland, focusing on delivering high-quality fuel solutions to residential and agricultural customers in a convenient online format. Amber Petroleum specializes in fuel distribution, founded in 1980 in Ireland. The company was acquired by Greenergy International Ltd. in April 2021, with financial terms undisclosed.

The firm is headquartered in Foynes, County Limerick. The founder's details are not available, but the company has completed a total of 1 deal as of September 15, 2020. Amber Oil specializes in the supply of heating oil and agri diesel to customers in North Cork, Tipperary, and selected locations in Waterford and Kilkenny. The company’s offerings include home heating oil delivered directly to residences and agri diesel for agricultural use.

The user-friendly online platform allows customers to place orders easily, providing immediate price calculations and transparent quotes. Amber Oil adheres to National and European fuel standards, ensuring quality and traceability from sourcing at their terminal in Foynes to delivery. In 2022, Amber Oil generated revenue of USD 152. 08 mn, with an EBITDA of USD 3.

44 mn. Revenue streams primarily come from B2C sales of heating oil and agri diesel, with a focus on customer convenience and efficiency through their online ordering system. Following the acquisition by Greenergy International Ltd. in April 2021, Amber Petroleum plans to expand its product line and enhance its online services.

Specific new products are currently in development, with future rollout projections yet to be announced. The company is also targeting expansion into additional markets within Ireland, utilizing the resources from the acquisition to bolster operational capacity. The acquisition’s rationale includes leveraging synergies with Greenergy's broader portfolio, although specific funding allocations have not been detailed.