Dec 12, 1934 CE
Founding of Copec
Compañía de Petróleos de Chile (Copec) is founded in Santiago as a petroleum distribution company. #Business #Chile
Chronological Storyline (33 Milestones)
1935 CE
First fuel imports
Copec imports its first shipment of petroleum products, establishing supply chains from the United States. #Oil #Energy
1936 CE
First service station
Copec opens its first service station in Santiago, beginning retail fuel distribution. #Retail #Chile
1942 CE
Lubricant plant opening
Copec inaugurates a lubricant blending plant in Concón, diversifying into specialty oils. #Industry #Chile
1950 CE
Expansion to southern Chile
Copec expands its fuel distribution network to the Magallanes region, supporting regional development. #Expansion #Chile
1956 CE
Exxon distribution partnership
Copec becomes the official distributor of ExxonMobil products in Chile, strengthening its market position. #Partnership #Oil
1960 CE
Entry into forestry
Copec begins forestry operations by acquiring land in the Biobío region, planting Radiata pine. #Forestry #Diversification
1968 CE
Celulosa Arauco founded
Copec establishes Celulosa Arauco S.A. to produce cellulose pulp, a key strategic move into forestry industry. #Pulp #Paper
Nov 1, 1970 CE
Copec acquires Arauco
Copec fully acquires Celulosa Arauco, integrating pulp production into its forestry division. #Acquisition #Forestry
1973 CE
Partial nationalization
During the Allende government, Copec faces state intervention, with some assets nationalized. #Politics #Chile
1975 CE
Acquisition of Forestal
Copec acquires Forestal S.A., expanding its timberland holdings and forestry operations. #Forestry #M&A
1978 CE
Angelini Group takes control
The Angelini family, led by Anacleto Angelini, acquires a controlling stake in Copec, ushering in a new era of growth. #Leadership #Ownership
1982 CE
Launch of Puma brand
Copec launches the Puma fuel brand, becoming a major retail fuel brand in Chile. #Branding #Oil
Mar 21, 1986 CE
IPO on Santiago Stock Exchange
Copec lists its shares on the Santiago Stock Exchange (BCS) under ticker 'COPEC', raising capital for expansion. #Finance #IPO
1988 CE
Acquisition of Orizon
Copec acquires Orizon, a fishing company, entering the fishing and aquaculture industry. #Fishing #Diversification
May 1, 1990 CE
Renamed Empresas Copec
The company changes its name to Empresas Copec S.A., reflecting its diversified holdings. #Corporate #Restructuring
1992 CE
Expansion into Argentina
Empresas Copec enters the Argentine market through fuel retail and forestry investments. #International #Expansion
1995 CE
Fuel retail in Peru
Copec acquires a chain of service stations in Peru, expanding its retail fuel footprint in South America. #Retail #Peru
1998 CE
Consolidation of forestry assets
Copec merges its forestry subsidiaries into a single entity, Forestal y Maderera Copec, to streamline operations. #Forestry #M&A
2000 CE
Launch of Puma Energy
Copec launches Puma Energy, a retail fuel brand operating across Latin America and Africa. #Energy #Brand
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2002 CE
Acquisition of Exxon assets in Chile
Copec purchases ExxonMobil's retail fuel network in Chile, significantly increasing its market share. #Oil #M&A
2005 CE
Sale of non-core assets
Empresas Copec divests from non-core businesses, focusing on petroleum, forestry, and fishing. #Divestiture #Strategy
2007 CE
Orizon fishing expansion
Copec invests in Orizon's fishing fleet and processing plants, becoming a leading player in Chilean fisheries. #Fishing #Growth
2010 CE
Investment in hydroelectric power
Empresas Copec invests in hydroelectric projects in southern Chile, diversifying into renewable energy. #RenewableEnergy #Hydro
Apr 1, 2013 CE
New CEO appointed
Roberto Angelini becomes CEO of Empresas Copec, leading the company's strategic direction. #Leadership #CEO
2015 CE
Expansion in Colombia
Copec enters the Colombian fuel retail market through acquisitions and partnerships. #Expansion #Colombia
2017 CE
Renewable energy projects
Empresas Copec launches solar and wind energy projects, increasing its renewable energy portfolio. #Solar #Wind
2019 CE
Acquisition in Ecuador
Copec acquires a fuel retail network in Ecuador, expanding its presence in the Andean region. #M&A #Ecuador
2020 CE
Digital transformation initiative
Empresas Copec launches a digital platform for fuel delivery and customer loyalty, embracing e-commerce. #Digital #Innovation
2021 CE
Sustainable fuels pilot
Copec begins a pilot program for blending biofuels at its service stations, supporting environmental goals. #Sustainability #Biofuels
2022 CE
Record revenues
Empresas Copec reports record annual revenues of $15 billion, driven by high oil prices and forestry exports. #Finance #Record
2023 CE
Investment in green hydrogen
Copec announces a major investment in green hydrogen production in Magallanes, aiming for carbon neutrality. #GreenHydrogen #CleanEnergy
2024 CE
Expansion of forestry in Uruguay
Empresas Copec acquires large tracts of forestland in Uruguay, expanding its global forestry footprint. #Forestry #Uruguay