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August 05, 2015 6:53 AM ET

Oil, Gas and Consumable Fuels

Company Overview of World Fuel Services, Inc.

Company Overview

World Fuel Services, Inc. supplies aviation fuel and offers related services to airports, seaports and tanker truck loading terminals. The company was formerly known as JCo Energy Partners, Ltd. and changed the name to World Fuel Services, Inc. in October, 1989. The company was incorporated in 1987 and is based in Miami, Florida. World Fuel Services, Inc. operates as a subsidiary of World Fuel Services Corp.

9800 N.W. 41st Street

Suite 400

Miami, FL 33178

United States

Founded in 1987

Phone:

305-428-8000

Fax:

305-392-5600

Key Executives for World Fuel Services, Inc.

World Fuel Services, Inc. does not have any Key Executives recorded.

World Fuel Services, Inc. Key Developments

World Fuel Services, Inc. Secures $14.48 Million Federal Contract

World Fuel Services Inc. was awarded a firm-fixed-price federal contract valued at up to $14,478,577 by the Defense Logistics Agency Energy, Fort Belvoir, Virginia, for marine gas oil to be used by the U.S. Army, U.S. Navy, U.S. Marine Corps and federal civilian agencies in Florida, Puerto Rico and Texas.

Gulfstream and World Fuel Services Inc. Sign Renewable Fuels Agreement

Gulfstream Aerospace Corp. and World Fuel Services Inc., recently finalized a three-year agreement that provides Gulfstream with a consistent supply of renewable fuels for its daily flight operations in Savannah. The fuel is a 30/70 blend of low-carbon, drop-in renewable fuel and Jet-A. It provides the same performance as conventional, petroleum-based jet fuel and requires no changes to factory-standard engines or aircraft. Each gallon of renewable fuel burned is expected to achieve a more than 50% reduction in greenhouse gas emissions, relative to petroleum-based jet fuel, on a lifecycle basis. Gulfstream will initially use renewable fuels on its Airborne Product Support aircraft, which are operated by Gulfstream's Savannah-based Field and Airborne Support Teams (FAST). FAST includes technicians and flight crews who travel on dedicated Gulfstream G150 aircraft to deliver parts and/or people to Gulfstream operators within North America, Central America and the Caribbean. In the last year, airborne FAST crews have completed more than 300 missions.

Michael S. Clementi to Retire as Aviation Segment President of World Fuel Services, Inc

On March 13, 2015, World Fuel Services, Inc. and Mr. Michael S. Clementi agreed that he would retire from his position as Aviation Segment President of WFS Inc., effective March 16, 2015.

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