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Puma Energy moves to fill South Africa’s growing cleaner-fuels market gap

Independent mid- and downstream energy group Puma Energy is moving aggressively to fill what it perceives to be a growing market gap for cleaner fuels in South Africa, where demand is rising ahead the domestic refining industry’s capacity to supply. The company, which is associated with commodity trading and logistics multinational Trafigura, officially launched operations in South Africa this week. However, it has already invested about $150-million to develop storage, logistics and retail capacity both domestically and in Mozambique.