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Gasolin AG
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Gasolin AG
Gasolin AG was a German oil company from 1920 to 1971 (trading under this name from 1926); it ran its own chain of petrol stations.
Gasolin was founded on 23 March 1920 as Olea Mineralölwerke AG in Frankfurt, taking over the Deutsche Schmiermittel GmbH (German lubricant company). The purpose of the company was "acquisition, construction and operation of plants and enterprises aimed at the extraction, production, processing, recycling, storage, transport and trade of fuels of all kinds, lubricants, technical oils and greases, petroleum, tar and their reprocessing products, bitumen and related substances and other chemical products". From 1922 it operated under the name Oleawerke AG für Mineralöl-Industrie based in Frankfurt (Main), from December 1923 based in Berlin. By this time, it had already taken over Süddeutsche Oel- und Melanolwerke GmbH, based in Freiburg im Breisgau.
In June 1923, Hugo Stinnes took over A. Riebeck'sche Montanwerke AG, which mainly owned mines and shares in mines in the Halle (Saale) area and Weißenfels-Zeitz; it also owned oil concessions in Argentina as well as mineral oil, paraffin, candle and montan wax factories. From them, he formed the Hugo Stinnes-Riebeck Montan- and Oelwerke AG, in which he bundled his oil interests. In 1923/1924 he acquired Oleawerke, which had refineries in Frankfurt (Main) and Freiburg, which took over the distribution of the entire brown-coal (lignite) production of A. Reibeck'sche Montanwerke, as well as the petrol refinery at Dollbergen, and the AG für Petroleumindustrie (Api) in Berlin. In addition, he acquired the majority of mining rights for the Concordia mine near Nachterstedt and the Messel mine near Darmstadt, in order to strengthen his oil interests.
After the untimely death of Hugo Stinnes in 1924, his heirs were unable to form a viable company, so the conglomerate was divided up the following year. BASF took over the oil business. In April 1925, Oleawerke and the incorporated oil works with their refinery in Dollbergen were spun off into a subsidiary and renamed Hugo Stinnes-Riebeck Oel-AG, based in Halle (Saale). The remaining A. Riebeck'sche Montanwerke returned to its original name in September of the same year. In the 1920s, BASF wanted to secure the German crude oil industry. Together with Royal Dutch (today Royal Dutch Shell) it had half-shares in the Internationale Bergin Compagnie voor Olie en Kolen Chemie, founded in 1921 for the purpose of international use of the German-patented method for hydrogenation of coal. In 1925/1926 BASF and Standard Oil of New Jersey (today ExxonMobil) decided to cooperate in the production of synthetic petrol from brown-coal (lignite), and to build up Hugo Stinnes-Riebeck Oel-AG as their sales company in Germany; both would participate in it directly.
On 4 May 1926, Hugo Stinnes-Riebeck Oel-AG was renamed Deutsche Gasolin Aktiengesellschaft (D.G.A.), registered in Berlin-Charlottenburg. The shareholders were I.G. Farben, A. Riebeck'sche Montanwerke AG, Royal Dutch, and Standard Oil of New Jersey, with 25% shares each. In the divisional structure of IG Farben, Gasolin appeared alongside the IG Oils division, together with the Nitrogen syndicate, and the sales divisions for Chemicals, Pharmaceuticals, Photo and artificial silk, and the colours/dyestuffs (Farben) division. It was mainly intended to sell synthetic Leuna gasoline through its pumps. To this end, the expansion of the petrol station chain was prioritised. Until production facilities for synthetic gasoline were built up, Gasolin sold its petrol (mainly from Dollbergen) as 'German gasoline' in order to differentiate itself from the foreign mineral oil imports of its competitors.
In 1929, Deutsche Gasolin had a balance sheet total of RM27 million. It was thus in 5th place in the list of oil companies operating in Germany.
In 1935, the Gasolin was one of the 'Big Five' petrol station chains in Germany with 3,315 petrol pumps (5.9%) and a sales quota of 6.7%. In 1938, Gasolin had a market share of 1.4% for diesel fuel and 1.3% for lubricating oils.
With the transition to wartime economy in September 1939 and the associated central state control by the Arbeitsgemeinschaft Mineralölverteilung (AMV, working-group for mineral oil distribution), the brand names disappeared, and the petrol stations were subsumed by the Central Office for Mineral Oil. The distribution syndicate of the AMV supplied unbranded petrol on provision of a fuel pass or purchase certificate.
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Gasolin AG
Gasolin AG was a German oil company from 1920 to 1971 (trading under this name from 1926); it ran its own chain of petrol stations.
Gasolin was founded on 23 March 1920 as Olea Mineralölwerke AG in Frankfurt, taking over the Deutsche Schmiermittel GmbH (German lubricant company). The purpose of the company was "acquisition, construction and operation of plants and enterprises aimed at the extraction, production, processing, recycling, storage, transport and trade of fuels of all kinds, lubricants, technical oils and greases, petroleum, tar and their reprocessing products, bitumen and related substances and other chemical products". From 1922 it operated under the name Oleawerke AG für Mineralöl-Industrie based in Frankfurt (Main), from December 1923 based in Berlin. By this time, it had already taken over Süddeutsche Oel- und Melanolwerke GmbH, based in Freiburg im Breisgau.
In June 1923, Hugo Stinnes took over A. Riebeck'sche Montanwerke AG, which mainly owned mines and shares in mines in the Halle (Saale) area and Weißenfels-Zeitz; it also owned oil concessions in Argentina as well as mineral oil, paraffin, candle and montan wax factories. From them, he formed the Hugo Stinnes-Riebeck Montan- and Oelwerke AG, in which he bundled his oil interests. In 1923/1924 he acquired Oleawerke, which had refineries in Frankfurt (Main) and Freiburg, which took over the distribution of the entire brown-coal (lignite) production of A. Reibeck'sche Montanwerke, as well as the petrol refinery at Dollbergen, and the AG für Petroleumindustrie (Api) in Berlin. In addition, he acquired the majority of mining rights for the Concordia mine near Nachterstedt and the Messel mine near Darmstadt, in order to strengthen his oil interests.
After the untimely death of Hugo Stinnes in 1924, his heirs were unable to form a viable company, so the conglomerate was divided up the following year. BASF took over the oil business. In April 1925, Oleawerke and the incorporated oil works with their refinery in Dollbergen were spun off into a subsidiary and renamed Hugo Stinnes-Riebeck Oel-AG, based in Halle (Saale). The remaining A. Riebeck'sche Montanwerke returned to its original name in September of the same year. In the 1920s, BASF wanted to secure the German crude oil industry. Together with Royal Dutch (today Royal Dutch Shell) it had half-shares in the Internationale Bergin Compagnie voor Olie en Kolen Chemie, founded in 1921 for the purpose of international use of the German-patented method for hydrogenation of coal. In 1925/1926 BASF and Standard Oil of New Jersey (today ExxonMobil) decided to cooperate in the production of synthetic petrol from brown-coal (lignite), and to build up Hugo Stinnes-Riebeck Oel-AG as their sales company in Germany; both would participate in it directly.
On 4 May 1926, Hugo Stinnes-Riebeck Oel-AG was renamed Deutsche Gasolin Aktiengesellschaft (D.G.A.), registered in Berlin-Charlottenburg. The shareholders were I.G. Farben, A. Riebeck'sche Montanwerke AG, Royal Dutch, and Standard Oil of New Jersey, with 25% shares each. In the divisional structure of IG Farben, Gasolin appeared alongside the IG Oils division, together with the Nitrogen syndicate, and the sales divisions for Chemicals, Pharmaceuticals, Photo and artificial silk, and the colours/dyestuffs (Farben) division. It was mainly intended to sell synthetic Leuna gasoline through its pumps. To this end, the expansion of the petrol station chain was prioritised. Until production facilities for synthetic gasoline were built up, Gasolin sold its petrol (mainly from Dollbergen) as 'German gasoline' in order to differentiate itself from the foreign mineral oil imports of its competitors.
In 1929, Deutsche Gasolin had a balance sheet total of RM27 million. It was thus in 5th place in the list of oil companies operating in Germany.
In 1935, the Gasolin was one of the 'Big Five' petrol station chains in Germany with 3,315 petrol pumps (5.9%) and a sales quota of 6.7%. In 1938, Gasolin had a market share of 1.4% for diesel fuel and 1.3% for lubricating oils.
With the transition to wartime economy in September 1939 and the associated central state control by the Arbeitsgemeinschaft Mineralölverteilung (AMV, working-group for mineral oil distribution), the brand names disappeared, and the petrol stations were subsumed by the Central Office for Mineral Oil. The distribution syndicate of the AMV supplied unbranded petrol on provision of a fuel pass or purchase certificate.