Integr8 Fuels opens new office in Brazil to service South American market

Global marine fuel trading company Integr8 Fuels on Thursday (26 October) said it has opened a new office in Rio de Janeiro, Brazil, this week. 

Integr8, which previously serviced South America from its US offices, said now is an ideal time to establish a local trading desk as the market is becoming increasingly dynamic following the sale of state-owned refineries in recent years.

“Until two years ago, Petrobras owned the largest and almost all other local refineries in Brazil. It was the only physical bunker fuel oil supplier in the country, alongside other players that supplied the market exclusively with Marine Gas Oil (MGO).” the firm said.

“The market has since evolved, and a year ago the first non-Petrobras bunker fuel oil delivery was made. Several physical bunker suppliers have made recent entries and brought fresh dynamism, more pricing opportunities and greater delivery flexibility to Brazil’s bunker market.”

“A more diverse field of fuel producers and bunker suppliers has unlocked new opportunities that buyers in the know stand to benefit from. The types of fuels available has expanded to include most of the top fuel oil and gasoil grades, and a selection of lower-carbon products. These supply chain developments are expected to help Brazilian ports compete with long-established bunkering ports worldwide.”

Integr8 Fuels’ new trading desk is led by Lucas Oliveira, a Brazilian industrial engineer with a background in marine sales, trading, fuels distribution, new business development, and the commercial aviation market. 

With an MBA degree in Oil and Gas Management from Fundação Getulio Vargas and representing the fourth generation in his family to work in shipping, Lucas is excited to witness the latest developments in the sector.

“We are pleased to be closer to our clients in South America, offering on the ground support as they navigate a more complex and vibrant supply chain. With Integr8’s local and international market intelligence and expertise alongside them, clients will be well-supported to make the best of these new opportunities. And as the landscape continues to evolve, we’ll be strengthening both new and existing supplier relationships,” Oliveira said.

In addition to providing access to all the main fuel grades, Integr8 said it will continue to establish itself in the alternative fuels space.

“We’re geared up to assist clients in the move to lower carbon options and are strengthening our network coverage of lower carbon fuels such as biofuels and LNG.” Oliveira added.

The following is Lucas Oliveira’s details:

Direct Email: [email protected] 
Mobile: +55 (21) 9 7183 1991
Office Email: [email protected] 
Address: Rio de Janeiro/RJ – Brasil Rua Visconde de Inhaúma, 37 Sala 801 – Centro

Photo credit: Integr8 Fuels
Published: 27 October, 2023