- Sector
- Retail trade
- Industry
- Specialty stores
- Address
- Bogota Colombia
- IPO Date
- May 26, 2014
- Business
- Organización Terpel S.A. is a Colombia-based energy and downstream petroleum company engaged in the distribution, marketing, and commercialization of liquid fuels, lubricants, natural gas for vehicles, and electric vehicle charging solutions across Latin America. Founded in 1968 and headquartered in Bogotá, Colombia, the company operates as a subsidiary of Compañía de Petróleos de Chile COPEC S.A. (Empresas Copec). Organización Terpel serves retail consumers, commercial transport fleets, aviation operators, maritime vessels, and industrial enterprises across Colombia, Panama, Ecuador, Peru, and the Dominican Republic.
The company operates through diversified business segments organized by product line and customer channel: Retail Service Stations, comprising an extensive network of branded service stations supplying premium and regular motor gasoline, diesel, and biofuels; Natural Gas for Vehicles (NGV), commercialized under the Gazel brand through specialized vehicular natural gas conversion and compression refueling infrastructure; Lubricants and Greases, encompassing the manufacturing, blending, marketing, and distribution of proprietary automotive, industrial, and marine lubricants under the Terpel Celerity, Terpel Oiltec, Terpel Ultrek, and Terpel Maxter brands, as well as the exclusive manufacturing and distribution rights for Mobil-branded lubricants across Colombia, Peru, and Ecuador; Aviation Fuels, providing Jet A-1 and aviation gasoline (AvGas) supply alongside specialized aircraft refueling operations at international and regional airports through Terpel Aviación; Marine Fuels, supplying marine gas oil (MGO), marine diesel, and intermediate bunker fuels for oceanic and riverine vessels via Terpel Marino; Retail Convenience and Food Service, operating convenience stores under the altoque brand, fast-food franchise outlets including Sbarro, and automated vehicle care and oil change centers under the autoStop and Ziclos banners; Industrial and B2B Solutions, offering bulk fuel delivery, dedicated storage tanks, on-site refueling infrastructure, and automated fuel management systems for mining, agriculture, construction, and freight logistics companies; and Electromobility, delivering electric charging infrastructure for private, commercial, and mass transit fleets.
In recent strategic developments, Organización Terpel S.A. has accelerated its transition toward multi-energy provision through the rapid expansion of its Terpel Voltex electromobility brand, deploying high-power intercity fast-charging corridors across major national highways and constructing dedicated high-capacity charging infrastructure for municipal electric bus fleets, including mass transit systems in Colombia. The company has expanded its non-fuel retail ecosystem through franchise partnerships to scale international quick-service restaurant formats, such as Sbarro, across its convenience store network. In addition, Terpel has advanced sustainable logistics initiatives by participating in sustainable aviation fuel (SAF) distribution trials, upgrading its lubricant blending and storage facilities across Colombia and Peru to boost operational efficiency and supply-chain resilience, and integrating digital self-checkout and mobile payment applications across its retail fueling footprint.