Prax Petroleum has extended its contract with TDG to store and blend fuels at its Dagenham terminal, by a minimum of ten years.
The company moved into its own dedicated area at the terminal in 2007. Since that time TDG has upgraded its loading facilities and plans additional investment in 2010 to complete the programme of installing radar gauges on all Prax tanks.
David Heath, sector operations director at TDG said: “This is probably the single biggest deal in terms of commitment that TDG has ever made at Dagenham.”
Prax appeared in The Sunday Times “Fast Track 100” as the 19th fastest growing company in the country in 2009.
It is now one of the UK’s largest importers of fuel oils including diesel, gas oil, kerosene and petrol, and its customers include NATO, the Ministry of Defence, The Royal Mail and P & O.