An Australian based company gets born and goes through several merges with various companies through out the world wide during this period of time to keep it short. Being successful in the market for over four decades, the founders and directors retires to hand over the relay of a extremely solid foundation and base to the new young generation.
Due to corona, no commitments nor trading was able to take place with the new formed company and its management. It’s internally decided to ride out the terrible wave.
12 october 2020
JV discussions and restruction
After a terrible year due to global pandemic; COVID-19, we became wiser and learned a very valuable lesson. Looking forward towards the future, we decide to get into a JV and a great restructure and formation is taking place.
04 november 2020
New Management elected
After intense re-structure and reformation, new management, new base and new strategy is formed to encounter the future.
26 november 2020
New company formation
From previous JV-discussions, the name Petrolius is born and formal process of its back-bone is started with a aggressive strategy.