Irish-owned fuels company Inver Energy has announced new financing facilities to fund the growth of its fuel import and marketing business in Ireland and the UK.

A CORK-based importer and distributor of oil and coal last year increased its pre-tax profits by 53% to €4.4 million after increasing the size of its business by 30% to €94m, according to the directors’ report attached to the accounts filed by Inver Energy Ltd with the Companies Registration Office.

THREE of the largest fuel distributors outside of the greater Dublin area have joined ranks to develop one of Europe’s most advanced oil terminals at Foynes Port.