North Atlantic to acquire a 82.89% stake in Esso SAF from ExxonMobil.

North Atlantic, a refiner and marketer of fuels, agreed to acquire an 82.89% stake in Esso SAF, a company engaged in refining, distributing, and marketing petroleum products, from ExxonMobil, a petroleum and petrochemical company. Financial terms were not disclosed. “This is a pivotal moment for North Atlantic as we enhance our transatlantic presence and commitment to energy security through innovative energy solutions aligned with global energy needs. We are eager to consolidate Gravenchon’s role as a vital center of French energy and industry for decades to come and grow North Atlantic into a premier transatlantic energy company,” Ted Lomond, North Atlantic President and CEO.