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Aramco Trading Company acquires US refiner Motiva

by WAYA Staff - Jan 18, 2023
Aramco Trading Company acquires US refiner Motiva

Aramco Trading Company (ATC), a commodity trading company, finalized the 100% acquisition of Motiva Trading. Aramco also launched Aramco Trading Americas LLC (ATA), a wholly-owned subsidiary of ATC based in Houston, Texas.

ATA will be ATC’s regional office, expanding its trading business in North and South America to capture new opportunities and increase its existing customer base.

“The acquisition of Motiva Trading and the establishment of Aramco Trading Americas is a giant step towards executing our ambitious global growth strategy, which aims to expand our geographical reach and scale of operations, while further strengthening our product flexibility and optionality,” Mohammed Al-Mulhim, President & CEO of ATC, said. 

Through this acquisition, ATA will be the sole supplier and offtaker of Motiva Enterprises, which owns a North American refinery with a crude refining capacity of 630K barrels daily, producing consumer and commercial grade fuels and base oils.

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