Netherlands Country Report 2012

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Discovery Reports

WRT fuels oil trading growth throughout region

Discovery Reports

PUBLISHED : Friday, 05 October, 2012, 12:02pm
UPDATED : Monday, 27 May, 2013, 4:23pm

As fuel oil trading increasingly shifts towards Asia, the industry looks to WRT for efficient and reliable delivery of fuel oil additives. WRT is able to meet the most stringent client demands and has followed this expansion trend to establish itself firmly in the Far East.

Under the HFA Oil Additives trade name, WRT has been manufacturing chemicals that remove undesirable qualities in fuel oils and enhance their capabilities. WRT helps fuel operators meet the specifications of the countries where they deliver.

The family-owned organisation takes pride in its swift response time. "Our door is open all the time and we can respond to our clients' concerns within a couple of hours," says managing director G.C. Spruijt.

Based in Amsterdam, WRT also has offices in Ventspils, Fujairah, Singapore and Beijing. "One reason for our success is that we keep big stocks at strategic locations, in combination with experienced staff," says marketing manager G.C. Spruijt, Jnr. The company maintains storage facilities in Estonia, Latvia, the Netherlands, Belgium, Spain, Egypt, Malta, Turkey, the United Arab Emirates, Singapore, the mainland and Panama.

Continuous product development keeps WRT ahead of the game. Traders regard WRT's Mercaptan Scavenger an indispensable solution for removing malodours and corrosive components in fuels. This innovative formula enabled WRT to enter the United States and Singapore in 2005.

Stepping onto the mainland in 2007, WRT is pursuing lasting partnerships and seeking to share its expertise with agents and engineers there. "Specifications are getting tighter in China and more chemicals need to reach a certain level of quality," says Spruijt, Jnr. "Our advantage is that we are always at the forefront of new specifications. We can take what we learn and bring it to China."

With a turnover forecast of 60 to 70 per cent from the mainland in the next five years, WRT also plans to expand further into Southeast Asia.