Following the acquisition of Prax Lindsey Oil Refinery in the UK in 2021, our refining business now extends across the world. We sell products that we have refined and blended, as well as products sourced from third parties, to customers worldwide. Sourcing feedstock for our refineries from different origins and types of crude oil allows us to create the best input mix to produce the desired refined products.

Axis Logistics is the in-house logistics division of the Prax Group of companies. As a global energy conglomerate, an important step was to bring the transportation of fuel from our terminals to our customer sites in-house. The result of this was our global transport company, called Axis Logistics. Axis Logistics moves product by road, rail, ship and pipeline. Efficiency and reliability are the cornerstones of our business, ensuring smooth service and seamless supply to our customers.

Created to acquire strategic downstream storage assets for the Group, Prax Terminals currently owns or jointly owns a number of terminals across the United Kingdom and Belgium, and leases capacity at further terminals in the United Kingdom and the United States, altogether comprising an aggregate storage capacity of approximately 1.7m cubic metres. 95% of this is owned by the Group. The terminals store a range of fuel products including gasoline, super-unleaded gasoline, gas oil, diesel, kerosene, Jet A1, and biofuels, as well as additives, including the only United Kingdom supply of Excellium, an additive for the TotalEnergies branded fuels, and provide loading and unloading facilities for such products. Our terminals are mainly used to distribute retail and commercial fuels to customers in strategic supply locations and provide the necessary storage capacity for the refinery and our downstream division.