Ancap

Ancap, established in 1931, is a significant state-owned entity in Uruguay, operating across the Chemicals, Petrochemicals, Glass & Gases, and Manufacturing sectors. The company's core activities encompass the production of petroleum products, Portland cement, and alcoholic beverages. With a reported revenue of $169.8M, Ancap plays a crucial role in the national economy. Its long history and diversified portfolio underscore its foundational importance within Uruguay's industrial landscape.

The company manages Uruguay's sole oil refinery located in La Teja. Beyond its domestic operations, Ancap extends its reach internationally, notably in Argentina where it owns Petrolera del Cono Sur, managing a network of petrol stations. Demonstrating a commitment to modern infrastructure, Ancap, in partnership with UTE, launched an electric vehicle charging network across Uruguay in 2017, featuring stations with varying charging capacities. This expansion into sustainable transport solutions highlights Ancap's forward-looking approach. Meet Ancap's team to understand the personnel driving these diverse operations. Ancap employs between 500 - 1,000 employees and maintains 2 locations.

Ancap holds a long-term corporate credit rating of "BB-" with a positive outlook from Standard & Poor's, reflecting its financial stability. The company has actively pursued opportunities in energy exploration, launching Uruguay's first offshore licensing rounds for oil and gas exploration. Its strategic initiatives and operational scope position it as a key player in South America's energy and industrial markets, serving both B2B and B2C segments.