TT Work
Fourth-largest oil product distributor in brazil.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
N/A | Seed | ||
| Total Funding | 000k | ||
Based in Recife, Brazil, TT Work Participações S/A operates as a holding company within the energy sector, specifically focusing on the distribution and trading of fuel and oil products. The company emerged from a strategic restructuring of Petronac Combustíveis (formerly Total Combustíveis), a firm with over two decades of experience in the fuel market. This reorganization in 2017 led to the creation of TT Work to manage the new business demands and expansion of the original distributor.
TT Work serves as the parent entity for a group of specialized companies, which includes Petronac as the fuel distributor, TDez for logistics, Tecomb managing terminals, and AtlantImport handling importation. This integrated structure allows the company to control various stages of the fuel distribution chain. The business model is centered on the distribution of oil-derived products, such as gaseous fuels like propane, liquid fuels for blending, lubricants, and paraffin wax. A significant milestone in the company's history was the formation of a partnership with PetroChina International in 2018, which aimed to further strengthen its market position.
The conglomerate's establishment was a direct result of the growth and diversification of its predecessor, which began operations in 1996 at the Suape Complex in Pernambuco. Initially, the focus was on supplying fuel to small and medium-sized gas stations, particularly in the interior and peripheral areas of large cities, ensuring a secure and quality supply chain. TT Work continues this legacy by adhering to national and international standards for quality and safety. The company's financial statements are prepared in accordance with International Financial Reporting Standards (IFRS), indicating a commitment to global accounting practices.
Keywords: holding company, fuel distribution, energy trading, oil products, logistics, import, energy sector, Petronac, TDez, Tecomb, AtlantImport, fuel supply chain, Brazilian energy market, Recife Brazil, fuel logistics, oil trading, PetroChina partnership, lubricants distribution, paraffin wax supplier, gaseous fuels