Calulo Renewable Energy Holdings (“CREH”)
Following CREH divestment from Mulilo during 2023, the shareholders of CREH took a decision to divest from its operating assets, namely, Mulilo Prieska and Riverbank Windpower, a 34,5 MW windfarm in Wesley – Ciskei in which Calulo held a 22.5% stake during 2025, CREH divested from these two assets.
Mulilo Renewable Energy Holdings “Mulilo”
Established in 2008, Mulilo is a renewable energy developer and Independent Power Producer (IPP). Mulilo experienced tremendous success in the South African renewable energy industry. This success resulted in Copenhagen Infrastructure Partners, a worldclass renewable energy private equity investor to acquire a majority shareholding in Mulilo in 2023, exiting Calulo’s interest in Mulilo.
KES – Kukhanya Energy Services
Kukhanya Energy Services’ primary focus is to provide a wide range of energy services to rural communities in South Africa. The French multinational electric utility company, EDF purchased Calulo’s shares in KES during 2024.
Oiltanking GC
Oiltaking GC, previously held by Calulo, Oiltanking GmbH “Oiltanking” and Grindrod was an independent bulk liquid storage provider for oils, chemicals, gases and dry bulk. Following Oiltanking’s exit from South Africa, the company was unbundled and OTGC Tank Terminals sold to FFS. Today, FFS Tank Terminals is a highly successful independent bulk liquid storage provider operating around the major ports in South Africa.
Gilbarco AFS
Gilbarco Veeder-Root acquired Automated Fuel Systems Group (Proprietary) Limited (AFS Group), a Johannesburg based company in May 2013. Calulo Petrochemical joined as a strategic local partner to empower the AFS Group to service the South African regional market whilst respecting the values of the Broad-based economic empowerment. Calulo divested from Gilbarco AFS during 2022 but continue to maintain a strong commercial relationship with Gilbarco AFS.
Transit Solutions
Transit Solutions was acquired by the internationally renowned fuel management technology company, Gilbarco Veeder-Root, in 2013 as part of its Automated Fuel Systems acquisition. Calulo divested from Transit Solutions during 2022 as a part of the divesture from Gilbarco AFS.
Grindrod Limited
Grindrod and Calulo concluded a strategic partnership during 2009. During 2020, Calulo divested from Grindrod but continues to maintain a strong commercial relationship with Grindrod and continues to utilise many of its services and vast network.
Rohlig – Grindrod
Calulo Marine
Calulo Marine was founded in 2003. It was the first independent black owned business to enter the market as the supplier of marine fuels and lubricants to the local marine sector. Due to the synergies with FFS Refiners, Calulo sold Calulo Marine to FFS during 2020. Today FFS Marine supplies maritime fuels to both local and international fleets, with a strong presence in South African ports.