Uno Corp

What Uno Corp does

Uno Corp is a privately held, vertically integrated petroleum derivatives commercialization corporation headquartered in Guatemala City, with operating presence in eight Latin American countries: Guatemala, Honduras, El Salvador, Nicaragua, Costa Rica, Belize, Colombia, and one additional regional market. Founded in 1996 as HONDUPETROL within Grupo Terra and rebranded to UNO upon entering retail fuel in 2002, the company has built scale through an aggressive, sustained acquisition program across Central America and Colombia from 2008 onward, including Shell Central America (2009), Rubis/Chevron assets (2011), Biomax in Colombia (2013, later increased to 90.2%), and a series of national station networks.

The company operates across the full downstream petroleum value chain: importation, 12 strategically located storage terminals, proprietary transport fleets (TRAMAQ in Honduras and ADIME in Guatemala), and distribution through 1,668 service stations under the UNO, Shell, and Biomax brands, supported by 204 convenience stores (Pronto, Select). Beyond retail, it runs eight airport fueling operations (UNO Aviación, JIG- and IATA-aligned), marine bunkering at Puerto Cortés and other Honduran ports (UNO Marine, ISO 9001:2015, ISO 8217:2010 compliant), industrial bulk fuel sales, bitumen and specialty asphalt (UNOPHALTE, UNOMULSIÓN, UNOBond PRO) meeting ASTM/AASHTO/SIECA standards, lubricants designed and packaged in the United States (UNO Lubricantes), and distribution of Hankook, BFGoodrich, and Fullrun tires through its station network.

The business model is a transaction-fee fuel distribution model across B2C retail and B2B aviation, marine, industrial, and infrastructure customers. Revenue is generated through fuel gallon margins at retail and bulk, into-plane and bunkering service fees, and specialty product sales. In June 2026, Colombian antitrust (SIC) authorized the integration of Primax Colombia with UNO Corp's Biomax subsidiary via Resolution 44041, creating a combined entity holding approximately 30% of Colombia's fuel distribution market as the strong number-two player behind Terpel (41.07%); Fitch Ratings placed Primax on Positive Watch in response. Uno Corp employs more than 17,000 people across its operations.

Name

Uno Corp

Legal name

UNO Corp

Website

https://uno-corpla.com

Company type

Private

Founded year

1996

Operating status

Operating

Short description

Uno Corp is a privately held, vertically integrated petroleum derivatives company that imports, stores, transports, and distributes fuel and specialty petroleum products across eight Latin American countries through 1,668 retail stations (UNO, Shell, Biomax), 12 terminals, 8 airport fueling operations, marine bunkering, and bitumen, lubricant, and tire lines, serving retail, aviation, marine, industrial, and government customers.

Ownership category

akta.pro rank

Headquarters

HQ city

Guatemala City

HQ country

Guatemala

HQ region

Latin America

Offices9 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Supply Chain, Operations, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. Retail Fuel Sales: Revenue from fuel commercialization through a network of service stations under UNO, Shell, and Biomax brands across Central America and Colombia. Includes convenience store sales through Pronto and Select branded stores.
2. Aviation Fuel (Jet Fuel & AvGas): Supply of jet fuel and aviation gasoline at 8 airports across 5 Central American countries, including into-plane services at 5 airports in Honduras, El Salvador, and Nicaragua.
3. Marine Fuel Sales: Sale of marine fuels (RMG 380 and LS MGO) to commercial vessels, cruise ships, and military vessels primarily at Puerto Cortes, Honduras, with delivery via pipeline, barge, and tanker trucks.
4. Industrial Fuel Sales: Bulk fuel sales to industrial clients across Central America, providing economically, socially, and environmentally viable energy solutions.
5. Bitumen and Asphalt Products: Sale of conventional asphalt, polymer-modified asphalt (UNOPHALTE), asphalt emulsions (UNOMULSIÓN), and specialty additives (UNOBond) to construction companies, government entities, airport authorities, and road concessionaires.
6. Lubricant and Tire Sales: Sale of lubricants under the UNO brand (designed and packaged in the USA) and tires under Hankook, BFGoodrich, and Fullrun brands through service station networks.
7. Fuel Transportation Services: Specialized fuel transport services through owned fleets (TRAMAQ in Honduras and ADIME in Guatemala) delivering fuel from terminals to end customers.

Go-to-market motion2 records

Distribution channels9 records

Marketing channels4 records

Core offering

UNO Corp is a vertically integrated petroleum derivatives company that imports, stores, transports, distributes, and commercializes fuel products (gasoline, diesel, jet fuel, marine bunker fuel, lubricants) and asphalt across Latin America. The company operates a multi-brand retail fuel network under UNO, Shell (licensed), and Biomax brands with 1,668+ service stations, plus aviation fuel operations at 8 airports, marine fuel supply at Honduras ports, industrial bulk fuel sales, bitumen/asphalt products for infrastructure, and convenience retail stores.

Product overview

UNO Corp is a leading petroleum product commercialization corporation operating across Latin America with multiple business units and brands. The company operates a platform of fuel distribution (UNO, Shell, Biomax brands), aviation fuel services (UNO Aviación), marine fuels (UNO Marine), lubricants (UNO Lubricantes), asphalt products (UNO Bitumen including UNOMULSIÓN, UNOPHALTE, UNOBond PRO), tire distribution (Hankook, BFGoodrich, Fullrun), and convenience retail (Pronto, Select). Transportation logistics are handled through TRAMAQ (Honduras) and ADIME (Guatemala). The company operates 8 airports, 12 storage terminals, and over 1,668 gas stations across 8 countries (Central America and Colombia), serving both retail consumers and industrial customers.

Differentiator

Problem solved

Functional benefit

Brands

• UNOMULSIÓN: Cationic slow, controlled, or rapid break asphalt emulsions.
• UNOBOND PRO
• UNOPHALTE

Products and services

• UNO Aviation Aviation fuel services providing jet fuel (JET FUEL) and aviation gasoline (AVGAS 100LL) along with into-plane fueling services (over-wing, under-wing, hydrant systems) at 8 airports in 5 Central American countries, following IATA and JIG international standards. Serves commercial airlines, cargo carriers, general aviation, and military aviation.
• Retail Fuel (UNO, Shell, Biomax Service Stations) Retail fuel sales through multi-brand service station network: 469 UNO-branded stations and 348 Shell-licensed stations across Central America, plus 851 Biomax stations in Colombia. Total of approximately 1,668 service stations across 8 countries offering gasoline, diesel, and additional convenience services.
• UNO Lubricantes Lubricants designed and packaged 100% in the United States for passenger vehicles, heavy machinery, and marine engines, featuring advanced cleaning standards, high protection levels, and vehicle-specific formulations. Sold through the UNO service station network across Central America.
• Tire Distribution (Hankook, BFGoodrich, Fullrun) Distribution of Hankook, BFGoodrich, and Fullrun tire brands through the UNO service station network for trucks, buses, and automobiles, providing on-road and off-road driving solutions.
• UNO Bitumen Asphalt products for road construction, maintenance, and infrastructure projects across Central America. Product line includes conventional asphalt, polymer-modified asphalt (UNOPHALTE), cationic asphalt emulsions (UNOMULSIÓN with slow, controlled, or rapid breaking grades), and nanotechnology additives (UNOBond PRO). Complies with ASTM, AASHTO, SIECA, and local Central American standards. Sold to construction companies, road concessionaires, government agencies, and airport authorities.
• UNO Marine Marine fuel supply (RMG 380 and LS MGO grades) for commercial vessels, cruise ships, and military vessels at Puerto Cortés, Honduras (and other ports: Roatán, Puerto Castilla, San Lorenzo). Delivery via pipeline, barge, and tanker trucks. ISO 9001:2015 certified terminals, compliant with ISO 8217:2010 and MARPOL regulations. Clients include Crowley, Seaboard Marine, Dole, Chiquita, Royal Caribbean, and the United States Coast Guard.
• UNO Ventas e Industria (Industrial Fuel Sales) Bulk fuel supply and energy solutions to industrial clients and government entities across Central America, providing economically, socially, and environmentally viable energy products to manufacturing enterprises and infrastructure projects.
• TRAMAQ Fuel Transportation (Honduras) Specialized fuel transport service in Honduras operating 81 GPS-monitored tanker trucks delivering fuel from storage terminals to end customers. Transported 184 million gallons and covered 3.8 million km annually (2010 figure). ISO 9001:2015 certified operations.
• ADIME Fuel Transportation (Guatemala) Fuel transportation fleet in Guatemala operating 12 cistern trucks with 9,500-gallon capacity each, delivering fuel to gas stations and covering approximately 1.4 million km annually with 8,000 orders delivered per year.
• Pronto Convenience Stores Convenience store brand operating 147 locations co-located with UNO fuel stations across Central America. Offers prepared food, banking services, pharmacy, ATM, fresh bakery, coffee, and slushies, creating a differentiated retail experience at fuel stations.
• Select Convenience Stores Convenience store brand operating 57 locations co-located with Shell-branded fuel stations across Central America, offering similar convenience services to Pronto.

Quantifiable outcome

• Post-merger market share of ~30% in Colombia's fuel distribution market
• +3 more outcomes

Named customers9 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Partnerships

Nine partnerships are on record, tiered core and minor.

• Primax ColombiacoreStrategic or Co-development Partner · 12 June 2026Corporate integration between Primax Colombia and UNO Corp (controlling Biomax Biocombustibles) authorized by Colombia's Superintendence of Industry and Commerce (SIC) via Resolution 44041 on June 12, 2026. The combined entity will hold approximately 30% market share in Colombia's fuel distribution market, becoming a strong second player behind market leader Terpel (41.07%). Fitch Ratings has placed Primax on Positive Watch, indicating the integration could favor a credit rating upgrade due to strengthened scale and strategic importance within the corporate group.
• Shell (Licensing Agreement)coreChannel Partner/ Reseller/ DistributorUNO Corp operates Shell-branded service stations in Guatemala (249 stations, largest network in the country) and other Central American countries under a licensing agreement with Royal Dutch Shell. Also operates Shell stations in Honduras, Nicaragua, El Salvador, Costa Rica, and Belize.
• Biomax BiocombustiblescoreOEM/ Whitelabel/ Licensing PartnerUNO Corp acquired 63.78% of Biomax in 2013 and increased ownership to 90.2% by 2018, making it a majority-owned subsidiary operating 851 service stations in Colombia under the Biomax brand.
• IATA (International Air Transport Association)coreStrategic or Co-development PartnerUNO Aviation holds strategic partner status with IATA, demonstrating compliance with international aviation fuel standards and operational excellence required for global airline operations.
• JIG (Joint Inspection Group)coreStrategic or Co-development PartnerUNO Aviation is a member of the Joint Inspection Group, which sets international standards for jet fuel quality, handling, and safety in aviation fueling operations.
• IBIA (International Bunker Industry Association)minorStrategic or Co-development PartnerUNO Marine is a corporate member of IBIA, the authoritative voice representing the global bunker (marine fuel) industry.
• ASTM InternationalminorOthersUNO Bitumen products comply with ASTM International standards, including ASTM D3381 (viscosity classification for asphalt) and ASTM D6373 (performance grading for asphalt binders). UNO Aviation also uses ASTM International standards.
• AASHTO (American Association of State Highway and Transportation Officials)minorOthersUNO Bitumen products comply with AASHTO standards for asphalt materials used in road construction and maintenance.
• SIECA (Secretaría de Integración Económica Centroamericana)minorOthersUNO Bitumen products are regulated by SIECA standards, the regional economic integration body for Central America.

Scale indicators8 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• YPF: Argentina's largest integrated energy company with a major service station network across the Southern Cone. Comparable to UNO in vertical integration from production/import through retail, lubricants, and convenience stores.
• Terpel: Colombia's leading fuel distributor with ~41% market share and the dominant direct competitor to the UNO-Primax-Biomax combined entity. Operates service stations, lubricants, and convenience stores across Colombia and select LatAm markets with a similar multi-brand and vertical integration model.
• Puma Energy: Multinational downstream fuel distributor with significant Latin American and Caribbean footprint in retail, aviation, marine, and bitumen. Directly comparable to UNO in business mix (service stations, terminals, specialty fuels) and regional focus.
• Primax Colombia: Peruvian-origin fuel retailer with material Colombia operations that just received SIC authorization to merge with UNO/Biomax. Operates service stations and direct B2B fuel sales in Latin America and is the natural counterpart in the integrated Colombian entity.
• Copec: Chile-based integrated fuel and convenience retailer operating across South America. Competes directly with UNO in fuel distribution and convenience retail and has similar multi-country LatAm strategy.

Broad incumbents

• BP: Global energy major with downstream fuel retail and convenience operations in multiple Latin American markets. Overlaps with UNO in retail fuel, lubricants, and aviation fuel supply but operates at vastly larger scale globally.
• Chevron: Global energy major whose Central American assets (formerly Rubis/Chevron) were acquired by UNO in 2011. Remains a broader industry peer in retail fuel, lubricants, and marine/aviation fuel markets.
• Repsol: Spanish global energy major with significant Latin American downstream operations, including service stations in Peru, Mexico, and other markets. Broader portfolio than UNO (upstream, refining, renewables) but overlapping retail fuel and lubricants.
• TotalEnergies: Global integrated energy company with downstream operations across Latin America including fuel retail, lubricants, and specialty products. Comparable broader industry positioning to UNO with global scale.
• Shell: Global energy major that licenses the Shell brand to UNO for 348 stations across Central America. Competes as a global downstream player and represents both a partner and a competitive reference point for UNO's retail network.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Uno Corp