PETRONAS Partners with SIM Distribuidora to Pilot Three Fuel Stations in Brazil

SAO PAULO, Brazil, 1 August 2024 — Petroliam Nasional Berhad (PETRONAS) launched its first brand licensing initiative in partnership with SIM Distribuidora (SIM), that will operate three pilot fuel retail stations in Brazil.

Strategically positioned in key urban locations, the three PETRONAS-branded fuel retail stations will provide customers with convenient access to PETRONAS’ high performance fuel solutions, including PETRONAS Primax^TM fuel with proprietary fuel additive technologies, PETRONAS Syntium^TM lubricants, and other services designed to enhance the customer experience for everyday drivers on the road based on its learnings and technology taken from the Formula One track.

PETRONAS Vice President, Refining, Trading and Marketing, Ahmad Adly Alias said, “For the first time ever, customers in Brazil can experience our products derived from our award-winning Fluid Technology Solutions^TM that have been powering champions in Formula One. Beyond that, Brazil’s extensive vehicle fleet within the Latin America region presents us with an opportunity to tap into a wider customer base.”

“We are excited to have our Brazilian customers, who may have seen our logo at the Autodromo Jose Carlos Pace or Interlagos circuit, experience first-hand the mastery of our advanced solutions, beyond lubricants,” he added.

This partnership model is PETRONAS’ first brand licensing approach to enter new retail segments in global markets, through which PETRONAS licenses its brand and fuel formulations to established independent fuel retailers, leveraging their operational strength and expertise in their respective markets. This model sees the partner taking on the financial and operational aspects of the fuel retail stations.

“Together with our partners, we are committed to deliver value in achieving a shared ambition for growth,” added Ahmad Adly.

SIM is an existing partner to PETRONAS as an authorised distributor of its lubricants arm since 2022. It has a network of 540 retail stations across three states in the southern region of Brazil.

“We are proud to launch these 3 first stations and develop this strategic partnership with PETRONAS here in Brazil. We believe that this will be an amazing new option for our consumers and dealers,” said Neco Argenta, President of Argenta Group, the holding company of SIM.