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Hightowers Petroleum Corporate is a wholesale distributor of gasoline. Based in 1982 by way of Stephen “Steve” Hightower, the corporate has since grown to turn into the most important Black-owned downstream petroleum wholesale marketer in the US.
Hightowers Petroleum provides gasoline to a various clientele, together with main automakers, grocery chains, metal producers, railroads, utilities, and academic establishments. The corporate additionally provides the 4 gallons of gasoline required for each and every GM automotive that rolls out of the automaker’s North American vegetation.
The Ohio-based corporate operates throughout 48 states, Canada, and Mexico. In 2022, Hightowers Petroleum introduced in $450 million in income. Steve Hightower has mentioned that he expects income to double to $1 billion in 2023. This expansion is being pushed by way of the corporate’s growth into new markets and its funding in renewable fuels, new era, and EV stations.
Based on rising laws at each state and federal ranges that suggest for lowered reliance on fossil fuels, Hightowers Petroleum presented Hightower EV. This national entity purposes as a developer, era integrator, and constructor of EV charging infrastructure initiatives. Just lately, an settlement was once established to supply electrical car charging stations to the 1,500 North American places of an international lodge chain.
Moreover, the corporate shaped HP Power Co., a national power products and services supplier. Their all-encompassing answers surround power consultancy, potency ventures, and the established order of infrastructures like renewables, cogeneration, microgrids, and good city zones.
As Hightowers Petroleum paves the best way for a greener long term, it’s obvious that the corporate’s legacy is tied to innovation, decision, and a focal point on pragmatic answers. With a strategic imaginative and prescient, Hightowers Petroleum is not just adapting to modify however actively shaping the power panorama.
by way of Tony O. Lawson
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