Empresas Copec

What Empresas Copec does

Empresas Copec S.A. is a publicly traded Chilean diversified holding company founded in 1935 (also cited as 1934), controlled by the Angelini family through AntarChile and led by Chairman Roberto Angelini and CEO Eduardo Navarro. With 41,000+ employees across production platforms in 16 countries on 4 continents and products commercialized in 80+ countries, the holding operates two principal business areas: natural resources and energy. Its core operating subsidiaries include ARAUCO (the world's third-largest pulp producer and largest forest landowner in South America with 1.8 million hectares), Copec (the leading fuel distribution brand in Chile with operations also in Colombia via Terpel, in the US Southeast via Mapco, and in Ecuador and Peru), Abastible (LPG distribution in Chile, Ecuador, Peru, Colombia, Spain, and Portugal), Alxar (Mina Justa copper mining in Peru), Nutrisco/Corpesca/Golden Omega (marine nutrition and food products exported globally), and Inmobiliaria Las Salinas (urban regeneration in Viña del Mar). Q4 2025 revenue of $7.7 billion exceeded analyst forecasts by 7.84%, with full-year net income supported by record copper mining performance.

The company generates revenue through multiple streams: commodity production and export (pulp, panels, sawn timber, fishmeal, fish oil, Omega-3, copper), retail fuel and LPG sales through extensive station networks, last-mile logistics via Blue Express, fintech services through Copec Pay, and renewable energy supply under long-term PPAs (Copec Flux, Copec EMOAC). Go-to-market combines enterprise field sales (mining, industrial, large commercial clients like Walmart Chile, Codelco, PUC, Parque Arauco, Colun) with direct-to-consumer retail across Chile, Colombia, Ecuador, Peru, and the US, complemented by strategic alliances with Tesla (Superchargers), Gogoro (battery swapping), Starlink (connectivity), and ContourGlobal (solar-plus-storage PPAs).

Empresas Copec is investing heavily in energy transition and digital infrastructure, including Copec Voltex (4,000+ EV charging points, electroterminals for electric bus fleets), the world's first virtual power plant with Stem/Ampere Energy, blockchain-based energy measurement at Abastible, AI-driven forest fire detection and biodiversity monitoring via the Lemu Nge satellite, and majority ownership of Odd Industries for Industrial AI. Capital intensity is a defining feature: BBB credit rating from Fitch and S&P, the $4.6 billion Sucuriú pulp mill project in Brazil (the company's largest single investment), and a record $3+ billion ARAUCO capex program for 2026, though ARAUCO's net debt/EBITDA reached 5.15x, placing it on negative watch by rating agencies.

Name

Empresas Copec

Legal name

Empresas Copec S.A.

Website

https://empresascopec.cl

Company type

Public

Founded year

1935

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Empresas Copec is a publicly traded Chilean holding company operating across natural resources and energy, including forestry (ARAUCO, the world's third-largest pulp producer), fuel distribution (Copec, Terpel, Mapco), LPG (Abastible), copper mining (Alxar), marine nutrition, and real estate, serving consumers and enterprises in 80+ countries.

Ownership category

akta.pro rank

Product category

Diversified Energy and Natural Resources Holding

NAICS

Petroleum Lubricating Oil and Grease Manufacturing (324191), Metal Service Centers and Other Metal Merchant Wholesalers (423510)

SIC

Wholesale-Petroleum & Petroleum Products (No Bulk Stations) (5172), Papers & Allied Products (2600), Canned, Fruits, Veg, Preserves, Jams & Jellies (2033)

akta.pro primary industry

Packaging, Filling & Private Label / Contract Manufacturing (EUALAJAD)

akta.pro secondary industries

Export & Compliance Packaging (ISPM-15, Heat-Treated Wood Packaging) (IMALAFAL), Consumer Packaged Goods (CPG) & FMCG (TLAIALAH)

Keywords

• Forestry pulp production
• Fuel distribution services
• Liquefied petroleum gas
• Marine ingredients supply
• Copper mining operations

Headquarters

HQ city

Las Condes

HQ country

Chile

HQ region

Latin America

Offices19 records

Markets served

GTM type

B2B and B2C

Offering type

Hardware or Manufacturing

Revenue model

1. Fuel and Lubricant Distribution: Sale of liquid fuels, lubricants, and related products through Copec (Chile), Mapco (US), Terpel (Colombia), and Sonacol (Chile) station networks. One-time per transaction revenue from retail consumers, commercial fleets, and industrial customers.
2. Forestry Products (ARAUCO): Production and sale of market pulp, wood panels, sawn timber, and renewable energy through ARAUCO — the world's third-largest pulp producer and largest forest landowner in South America. Record capex of over $3 billion in 2026 directed to Sucuriú project in Brazil.
3. LPG and Natural Gas Distribution (Abastible): Distribution of liquefied petroleum gas and natural gas through Abastible (Chile), Duragas (Ecuador), Solgas (Peru), Norgas (Colombia), GASIB (Spain/Portugal). Includes retail cylinder sales and bulk industrial supply.
4. Marine Nutrition and Food Products: Fishmeal, fish oil, canned and frozen fish, and Omega-3 concentrates through Orizon, Nutrisco, Golden Omega, and Corpesca. Premium pet food brands (PetMarine, FLIP snacks). Global export to over 80 countries.
5. Metal Mining (Alxar): Copper mining through Alxar's Mina Justa operation in Peru, which achieved record financial performance in Q4 2025. Expansion of underground operations underway.
6. Last-Mile Logistics (Blue Express): E-commerce logistics and last-mile delivery services through Blue Express (acquired 2022). $100 million record investment announced to expand leadership. Smart lockers and reverse logistics through Reversso partnership.
7. Renewable Energy and Electromobility: Sale of electricity from renewable sources (solar, wind) through Copec Flux, Copec EMOAC. EV charging services through Copec Voltex. Residential solar through Flux Solar. 100% renewable energy supply agreements with large commercial clients.
8. Real Estate (Inmobiliaria Las Salinas): Urban remediation and real estate development of Las Salinas site in Viña del Mar. Bioremediation of 16-hectare former industrial site. Environmental regeneration project.

Pricing tiers

Go-to-market motion3 records

Distribution channels13 records

Marketing channels10 records

Core offering

Empresas Copec is a diversified Chilean holding company that invests in and operates businesses across natural resources and energy. Through its subsidiaries it produces and sells market pulp, wood panels and sawn timber (ARAUCO); distributes liquid fuels, lubricants and LPG across Chile, the US, Colombia, Ecuador, Peru, Spain and Portugal (Copec, Terpel, Mapco, Abastible, Duragas, Solgas, Gasib); produces fishmeal, fish oil, canned fish and Omega-3 concentrates (Corpesca, Nutrisco, Golden Omega, Orizon); mines copper (Alxar / Mina Justa); and operates electromobility charging (Copec Voltex), renewable energy supply (Copec Flux, Copec EMOAC), last-mile logistics (Blue Express) and a digital wallet (Copec Pay).

Product overview

Empresas Copec is a diversified Chilean holding company operating across forestry, energy distribution, food production, mining, and real estate. Its product portfolio is organized as a holding with multiple subsidiaries and sub-brands rather than a single unified platform. The forestry arm (ARAUCO) produces pulp, panels, and sawn timber with renewable energy generation. The energy distribution business encompasses Copec's national fuel/lubricant/gas network and its specialized sub-brands: Copec Voltex for electromobility charging infrastructure, Copec Flux for solar and battery storage solutions, and Copec Pay for fintech digital payments. Logistics is served through Blue Express (last-mile e-commerce delivery) and Sonacol (fuel storage). The food sector includes Nutrisco, Igemar/Corpesca (fishing and fish products), and Golden Omega (Omega-3 supplements). Mining operations are handled by Alxar (copper), real estate by Inmobiliaria Las Salinas, and LPG/gas distribution by Abastible with international reach. Innovation is supported through Copec Wind Ventures (corporate VC), Fundación Copec-UC (R&D competitions), and the Centro de Innovación UC Anacleto Angelini.

Differentiator

Problem solved

Functional benefit

Brands

• Copec Voltex: Electromobility subsidiary focused on electric vehicle charging infrastructure
• Copec Flux
• Copec EMOAC
• Copec Pay
• Pronto Copec
• AbastibleTec
• Blue Express
• Flip
• PetMarine

Products and services

• ARAUCO Market Pulp, Panels and Sawn Timber Production and global sale of market pulp, wood panels (MDF, OSB) and sawn timber through ARAUCO, the world's third-largest pulp producer with 1.8 million hectares of forest heritage in South America. Sold to industrial buyers (paper, construction, furniture) in 80+ countries.
• Copec Liquid Fuels and Lubricants Retail and wholesale sale of gasoline (octane 93/95/97), diesel and lubricants through the Copec fuel station network in Chile — the largest fuel distribution network in the country, with Pronto convenience stores. Sold to individual motorists, commercial fleets and industrial customers.
• Terpel Fuel Distribution (Colombia) Distribution of liquid fuels, lubricants and gas through the Terpel network of service stations across Colombia, including Terpel Voltex electromobility. Serves Colombian consumers, fleets and industrial customers.
• Mapco Fuel Retail (United States) Fuel and convenience retail through Mapco's network of over 300 stores across the southeastern United States. Targets individual motorists.
• Abastible / Duragas / Solgas / Gasib LPG and Natural Gas Distribution of liquefied petroleum gas cylinders and bulk gas, and natural gas supply, through Abastible (Chile), Duragas (Ecuador), Solgas (Peru), Norgas (Colombia) and Gasib (Spain/Portugal). Serves residential households, commercial businesses and industrial users for cooking, heating and industrial processes.
• Alxar Copper Cathodes and Concentrate (Mina Justa) Production and export of copper concentrate and cathodes from the Mina Justa mine in Peru, operated by Alxar. Sold to global metals buyers; first shipment of 22,000 wet metric tonnes from Matarani port. Underground expansion underway.
• Marine Ingredients and Seafood (Corpesca, Nutrisco, Orizon, Golden Omega) Production and global sale of fishmeal, fish oil, canned and frozen fish, omega-3 fatty acid concentrates, premium pet food (PetMarine) and healthy snacks (FLIP). Distributed to aquaculture, food manufacturing, dietary supplement and consumer packaged goods buyers in 80+ countries.
• Copec Voltex EV Charging Service Public and fleet electric vehicle charging service through more than 90 rapid charging stations and 4,000+ charging points across Chile, including electroterminals for public electric bus fleets. Pricing per kWh delivered. Includes Tesla Supercharger deployment under the 2026 Tesla alliance.
• Copec Flux and EMOAC Renewable Energy Supply Long-term power purchase agreements supplying 100% renewable electricity (solar, wind, with battery storage) to commercial and industrial clients including Walmart Chile, Parque Arauco, Pontificia Universidad Católica de Chile and Colun. Includes residential Flux Solar installations.
• Blue Express Last-Mile E-commerce Delivery Last-mile parcel delivery, smart locker drop-off and reverse logistics (with Reversso) for e-commerce retailers in Chile. Chile's leading last-mile delivery company.
• Copec Pay Digital Wallet and Prepaid Card Free digital wallet and physical prepaid card for payments at Copec fuel stations, Pronto stores and partner merchants. Surpassed 1 million customers by end of 2025.
• Inmobiliaria Las Salinas Urban Regeneration Real estate development through bioremediation and urban regeneration of a 16-hectare former industrial site in Viña del Mar, Chile. 20% of the area has been remediated with the first biopile harvest completed.
• Pronto Copec Convenience Stores Convenience store and quick-service food retail located at Copec service stations, with sustainability initiatives including zero-waste certification and recycled-content fuel canisters.

Quantifiable outcome

• ARAUCO produces 91% of its energy from renewable sources
• +8 more outcomes

Named customers9 records

Segments7 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature8 records

Partnerships

19 partnerships are on record, tiered core and minor.

• ContourGlobal (KKR-backed)coreChannel Partner/ Reseller/ Distributor · 1 May 2026ContourGlobal inaugurated a nearly $500 million solar-and-storage facility in Chile's Atacama Desert — Latin America's longest-duration utility-scale battery system (200 MW for 6.5 hours). Empresas Copec signed a 15-year nighttime power purchase agreement to buy electricity from this facility, backing the project.
• TeslacoreStrategic or Co-development Partner · 1 February 2026Tesla and Empresas Copec (through Copec) announced a strategic alliance to develop a network of ultra-fast Tesla Supercharger EV chargers at Copec service stations across key routes in Chile, starting early 2026. The chargers will be powered entirely by renewable energy to facilitate electric vehicle adoption.
• Walmart ChilecoreStrategic or Co-development PartnerCopec EMOAC signed agreement to supply 100% renewable energy to 80% of Walmart Chile's national operations. Long-term power purchase agreement enabling Walmart to meet sustainability targets.
• Parque AraucominorChannel Partner/ Reseller/ DistributorCopec Flux signed agreement with Parque Arauco to develop three photovoltaic plants at shopping center properties.
• Sky AirlineminorGTM or Marketing PartnerCopec announced strategic alliance with Sky Airline for loyalty and benefits program, marking Sky's return to fuel brand partnerships.
• TranseleccoreStrategic or Co-development PartnerCopec closed agreement with Transelec (largest electricity transmission company in Chile) for construction and operation of a 420 MWh battery energy storage system (BESS), Chile's largest storage project.
• GrenergyminorStrategic or Co-development PartnerCopec EMOAC signed agreement with Grenergy for energy storage development, expanding battery storage capabilities.
• ZelestraminorChannel Partner/ Reseller/ DistributorAbastibleTec signed long-term power purchase agreement with Zelestra (Swedish clean energy company) for renewable energy supply.
• GogorominorStrategic or Co-development PartnerCopec partnered with Taiwanese startup Gogoro for battery swapping stations for electric motorcycles — first system of its kind in Chile.
• Fundación Copec-UCcoreStrategic or Co-development PartnerLong-standing 20+ year partnership with Pontificia Universidad Católica de Chile for innovation programs (I+D para Innovar, Aplica tu Idea), Centro de Innovación UC Anacleto Angelini, and scholarships (Beca Anacleto Angelini). Over UF 4,000 invested in winning projects.
• Porsche / Big MagazineminorGTM or Marketing PartnerCopec Voltex partnered with Porsche and Big Magazine to inaugurate 'Ruta Lagos del Sur' green corridor for electromobility in southern Chile.
• AlbemarleminorGTM or Marketing PartnerCopec Voltex partnered with Albemarle (major lithium producer) to install EV charging point at Salar del Carmen, Atacama — first electrolinera in San Pedro de Atacama.
• CodelcocoreChannel Partner/ Reseller/ DistributorCopec Voltex won largest electromobility project in Chilean mining industry — providing 94 charging points for Codelco's electric bus fleet.
• Pontificia Universidad Católica de Chile (PUC)minorChannel Partner/ Reseller/ DistributorCopec EMOAC signed agreement to supply 100% renewable energy to PUC campus facilities.
• DTPM (Directorio de Transporte Público Metropolitano)coreChannel Partner/ Reseller/ DistributorCopec Voltex won bid to build 14+ new electroterminals for Santiago's public bus system, energizing hundreds of electric buses through DTPM's transport authority.
• AquaChileminorStrategic or Co-development PartnerAbastible and AquaChile developed cogeneration project to optimize energy use and reduce carbon footprint in aquaculture operations.
• ColunminorChannel Partner/ Reseller/ DistributorFlux Solar (Copec) and Colun (dairy cooperative) alliance to develop series of solar plants supplying renewable energy to dairy industry facilities.
• Arauco Ventures / LemucoreStrategic or Co-development PartnerArauco Ventures-backed Lemu startup debuted commercially after 4 years of R&D, with contracts in strategic sectors. Lemu Nge satellite launched for biodiversity monitoring.
• GalgominorGTM or Marketing PartnerFlux Solar (Copec) and Chilean fintech Galgo alliance to expand access to residential solar energy solutions.

Scale indicators19 records

Recent moves16 records

Expansion highlights6 records

Broad incumbents

• Eni: Italian integrated energy major expanding into renewables, biofuels, and EV charging. Comparable to Empresas Copec's fuel-to-energy-transition pivot: Copec Voltex mirrors Enilive's charging rollout, while Eni's Plenitude renewable arm parallels Copec Flux's distributed generation strategy.
• Repsol: Spanish integrated energy company that sold its Iberian LPG business (Cepsa/Moeve assets) to Abastible for €275M. Comparable to Empresas Copec through overlapping downstream fuel distribution, lubricants, and energy transition ambitions, plus historical LPG portfolio overlap.
• Petrobras: Brazilian state-owned integrated oil and gas major with downstream fuel distribution. Comparable to Empresas Copec through overlapping fuel distribution and energy infrastructure interests across South America, though Empresas Copec is privately held and Petrobras is upstream-integrated.
• Enel (Enel Chile / Enel Américas): Italian-Spanish utility with major Chilean operations through Enel Chile and Enel Américas. Comparable to Empresas Copec's renewable energy arm (Copec Flux, Copec EMOAC) and to Terpel's Colombian electricity ambitions, competing for the same Chilean BESS, PPA, and distributed generation opportunities.

Direct peers

• Klabin: Brazilian pulp and packaging producer with operations in Brazil and Argentina. Comparable to ARAUCO in market pulp, kraftliner, and corrugated packaging, sharing the Latin American forestry platform and Brazilian fiber cost advantage.
• UPM-Kymmene: Finnish pulp, paper, and biomaterials producer operating globally. Comparable to ARAUCO in market pulp, sawn timber, and engineered wood panels, with similar forestry asset bases, sustainability commitments, and exposure to global pulp pricing cycles.
• Stora Enso: Swedish-Finnish pulp and packaging materials company with significant forest holdings. Direct competitor to ARAUCO in pulp, wood products, and renewable packaging, with comparable sustainability positioning and bioenergy generation from forestry residues.
• Suzano: Brazilian pulp giant and the world's largest market pulp producer. Directly comparable to ARAUCO as both compete head-to-head in global hardwood pulp, with overlapping exposure to Brazilian fiber sourcing, similar sustainability positioning, and parallel end-markets.

Regional players

• ENAP: Chilean state-owned oil and gas company operating fuel refining, storage, and distribution. Direct peer to Copec within Chile, sharing infrastructure for liquid fuels and lubricants in the same domestic market under overlapping regulatory frameworks.
• SQM (Sociedad Química y Minera de Chile): Chilean mining and specialty chemicals company producing lithium, iodine, and agricultural nutrients. Comparable to Empresas Copec through Chilean natural resources focus (Alxar's copper mirrors SQM's mining exposure) and Chilean stock-market-listed holding structure.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

• Instagraminstagram.com/ALargoPlazo_EC

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries24 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 Empresas Copec