Alexela Explained

AS Alexela (formerly known as Reola Gaas and Alexela Energia AS) is an Estonian company primarily engaged in the energy sector. Alexela's product portfolio includes electricity, natural gas, cylinder gas, tank gas, and automotive fuels. The company employs over 1000 people, and owns more than a hundred gas stations in Estonia.

The majority owner is Heiti Hääl, with Marti Hääl as the CEO since 2023. The board of directors includes Marti Hääl, Aivo Adamson, and Karmo Piikmann. Alexela operates within the AVH Grupp AS group.

The company produces biomethane and builds solar and wind farms for renewable energy promotion. Operating an bioLNG terminal in Hamina port, Finland, Alexela engages in large scale projects like pumped hydro renewable energy storage and peak load biogas power plant. With 100+ gas stations and 43 convenience stores in Estonia, it offers electricity, natural gas, and various fuels.[1]

History

The first company of the group, trailer manufacturer AS Bestnet, was established in 1990. The fuel retail company fuel retailer AS Alexela Oil was established in 1993. In 2002, a petroleum product terminal was opened in Paldiski, Estonia, and in 2007, in Sillamäe, Estonia. In March 2006, Alexela Oil purchased from YX Energi the Uno-X chain in Estonia, Latvia, and Lithuania.[2] In 2009–2010, it sold its service stations in Lithuania to Neste Oil and in Latvia to LR īpašumu aģentūra.[3] [4]

In 2006, a hot dip galvanising services provider AS Paldiski Tsingipada (Zincpot) was established. In May 2007, Alexela Logistics bought the Norwegian oil terminal Vest Tank (now Alexela Slovaag) in Sløvåg in Gulen Municipality, Sogn og Fjordane county, Norway. On 24 May 2007, one day after the acquisition entered into force, an explosion occurred in a tank having severe environmental and health consequences for people living nearby. According to the court ruling, the former owner of Vest Tank had to pay 160 million Norwegian krone to Alexela Solvaag to cover the costs of emptying the containers, renovating the terminal and liquidating the pollution caused by the explosion.[5]

The LNG terminal developer AS Balti Gaas was established in 2009. In 2011, Alexela bought a majority stake in the liquid gas retailer Reola Gaas from Neste.[6] In December 2011, Alexela bought a 50% stake in Kiviõli Keemiatööstus, a shale-oil producer.[7] In 2014, remaining stakes in Reola Gaas and Kiviõli Keemiatööstus, as also Gasum's Estonian business were acquired by Alexela.[8] [9] In 2012, it created an electricity retailer Elektrimüügi AS.

The group was reorganized as a holding company in summer 2012. That time the group was controlled by Heiti Hääl and Kazakhstan's businessman Igor Bidilo who together owned 73.8% of the shares.[10] In 2014, Bidilo was bought out from the company and the main owners became brothers Heiti and Marti Hääl.[11] [12]

In 2015, Reola Gaas was merged into Alexela Energia.[13] In 2018, Alexela purchased the electricity retailer 220 Energia.[14]

Operations

Energy

Alexela Group's energy-companies are Alexela Oil, Alexela Energia, Kiviõli Keemiatööstus, Alexela Logistics, and Balti Gaas.[15] [16] Alexela Oil is an operator of service stations chain in Estonia. Alexela Energia is a seller of electricity and gas. [15] Kiviõli Keemiatööstus is a producer of shale oil. Balti Gaas is planning an LNG terminal in Paldiski. Together with Haminan Energia and Wärtsilä Alexela develops a LNG terminal in Hamina, Finland.[17]

Alexela Logistics is an oil transportation and logistics company, which through its daughter companies owns and operates oil terminals in Paldiski, Sillamäe (both in Estonia) and Sløvåg (Norway).[18] [19] The company had a stake also in the terminal in Murmansk (Russia); however, this stake was sold in October 2007.[20] In addition to Heiti Hääl and management of the company, the major shareholder is Puma Energy, a subsidiary of Trafigura.[21]

Metal industry

AS Bestnet is a trailer manufacturer and S Paldiski Tsingipada (Zincpot) is a hot dip galvanising services provider.

Property development

AS OmaKoduMaja is a developer of industrial parks. Baltic Exchange is an owner of the historical building of the Baltic Exchange. The building was disassembled and transported to Estonia, where it was planned to be assembled in Tallinn.

See also

External links

Notes and References

  1. Web site: Estonia . 11 December 2023 . SUSTAINABLE BRAND INDEX . en-US . 11 December 2023 . https://web.archive.org/web/20231211080457/https://www.sb-index.com/estonia . live .
  2. News: 23 August 2006 . Nordic fuel retailers take unmanned voyage east . 5 February 2012 . Datamonitor.
  3. News: Tere . Juhan . 23 December 2011 . Alexela sells its Lithuanian business to Neste . 5 February 2012 . The Baltic Course . 3 March 2016 . https://web.archive.org/web/20160303224729/http://www.baltic-course.com/eng/transport/?doc=25017 . live .
  4. News: 24 March 2010 . Alexela Oil возвращается в Эстонию . Alexela Oil returns to Estonia . 5 February 2012 . Telegraf . Russian . https://archive.today/20130221010409/http://www.telegraf.lv/news/alexela-oil-vozvrashtaetsya-v-estoniyu. 21 February 2013. dead.
  5. News: Tere . Juhan . 8 July 2009 . Norwegian court ruled in favour of Alexela Logistics in dispute with Vest Tank . 5 February 2012 . The Baltic Course . 3 March 2016 . https://web.archive.org/web/20160303220930/http://www.baltic-course.com/eng/transport/?doc=15565 . live .
  6. News: 1 August 2011 . Alexela ostis Neste gaasiäri . Alexela bought the Neste gas business . 5 August 2018 . . 5 August 2018 . https://web.archive.org/web/20180805143333/http://arileht.delfi.ee/news/uudised/alexela-ostis-neste-gaasiari?id=50511543 . live .
  7. News: Tammik . Ott . 23 December 2011 . Alexela Buys 50% Stake in Kiviõli Oil Shale Plant . 5 February 2012 . ERR.
  8. News: 22 April 2014 . Alexela Completes Kiviõli Oil Shale Plant Purchase . 5 August 2018 . ERR.
  9. News: 25 August 2014 . Gasum müüb oma Eesti tütarettevõtte Alexela Energiale . Gasum sells its Estonian subsidiary to Alexela Energia . 5 August 2018 . . 5 August 2018 . https://web.archive.org/web/20180805172512/https://majandus24.postimees.ee/2897651/gasum-muub-oma-eesti-tutarettevotte-alexela-energiale . live .
  10. News: 3 January 2013 . Estonian businessman consolidates companies under Alexela name . 3 January 2013 . The Baltic Course . 3 March 2016 . https://web.archive.org/web/20160303225024/http://www.baltic-course.com/eng/energy/?doc=68116 . live .
  11. News: 5 November 2014 . Hääl to Buy Remaining 50% of Alexela For €35 Million . 5 August 2018 . . 5 August 2018 . https://web.archive.org/web/20180805143240/https://news.err.ee/114144/haal-to-buy-remaining-50-of-alexela-for-35-million . live .
  12. News: 5 February 2015 . Alexela Groupi Bidilolt välja ostmine läks maksma 35 miljonit eurot . The purchase of Alexela Group from Bidilo cost €35 million . 5 August 2018 . . . 5 August 2018 . https://web.archive.org/web/20180805172454/https://majandus24.postimees.ee/3081499/alexela-groupi-bidilolt-valja-ostmine-laks-maksma-35-miljonit-eurot . live .
  13. News: 12 October 2015 . Alexela Energia ja Reola Gaas ühinevad . Alexela Energia and Reola Gaas are merging . 5 August 2018 . . 5 August 2018 . https://web.archive.org/web/20180805143305/http://arileht.delfi.ee/news/uudised/alexela-energia-ja-reola-gaas-uhinevad?id=72679057 . live .
  14. News: 3 August 2018 . Alexela given permission to buy 220 Energia . 5 August 2018 . . 4 August 2018 . https://web.archive.org/web/20180804111517/https://news.err.ee/851270/alexela-given-permission-to-buy-220-energia . live .
  15. News: Tere . Juhan . 23 December 2011 . Alexela will buy a half of Kiviõli chemicals company . 5 February 2012 . The Baltic Course . 4 March 2016 . https://web.archive.org/web/20160304003308/http://www.baltic-course.com/eng/energy/?doc=50662 . live .
  16. News: 3 January 2013 . Связанные с Хейти Хяэлем предприятия будут объединены в Alexela Group . Companies related to Heiti Hääl will be transferred into Alexela Group . 3 January 2013 . . Russian.
  17. News: Corkhill . Mike . 18 May 2018 . Wärtsilä gets all-clear for Hamina LNG terminal . 6 August 2018 . LNG World Shipping . 6 August 2018 . https://web.archive.org/web/20180806181019/https://www.lngworldshipping.com/news/view,wrtsil-gets-allclear-for-hamina-lng-terminal_51848.htm . dead .
  18. News: Zhdannikov . Dmitry . Pinchuk . Denis . 18 July 2007 . Oil traders snap up Estonian terminals snared in row . 5 February 2012 . Reuters.
  19. News: 24 May 2007 . Vest Tank sweetened coker gasoline . 5 February 2012 . . 19 January 2012 . https://web.archive.org/web/20120119132635/http://nrk.no/programmer/tv/brennpunkt/1.6104693 . live .
  20. News: 19 April 2011 . ru:Заводы, цистерны, офшоры, соседи . Plants, tanks, offshore, neighbors . http://www.novayagazeta.ru/politics/6149.html . 5 February 2012 . . Russian.
  21. News: 29 November 2011 . ru:Бизнесмен: в Эстонии некуда инвестировать . Businessman: nowhere to invest in Estonia . http://www.dzd.ee/650361/biznesmen-v-jestonii-nekuda-investirovat/ . 5 February 2012 . Den' za Dnem . Russian . 6 February 2012 . https://web.archive.org/web/20120206030759/http://www.dzd.ee/650361/biznesmen-v-jestonii-nekuda-investirovat . live .

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