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Freedom Fuels

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A Hampton Iowa-based biodiesel production company

Mason City, United StatesFounded 2001Energy
Valuation $100–250M Last recorded · 2006
Total funding $10–50M Disclosed equity funding
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About Freedom Fuels

The provided domain, freedomfuelsllc.com, is associated with a freight carrier in Tallassee, Alabama, but the more prominent entities under the "Freedom Fuel" name operate in different sectors and regions.

One significant entity is Freedom Fuels in Australia, founded in Brisbane in 2000 by brothers Matthew and Andrew Morland, who both have long histories in the petroleum industry. The company began by merging several family-related companies, starting with 11 retail sites and around 50 employees. A key milestone occurred in December 2012 when the entire business was acquired by Idemitsu Kosan Co., Ltd., a publicly listed Japanese company. Freedom Fuels operates across retail, wholesale, and commercial segments on the Eastern Seaboard of Australia. The business model involves importing petroleum from Asian refiners to its terminal in Pinkenba, where products can be blended with ethanol and biodiesel. These are then distributed through its company-owned retail network or sold in bulk to a diverse client base, from independent service stations to major multinational mining corporations like Glencore Xstrata and BHP. Its retail arm consists of over 40 branded outlets, which offer various fuels, convenience items, and in-house 'Grinding Time' cafes. The company also has a history of promoting renewable fuels, having converted its Queensland and NSW stores to sell only renewable options in 2009.

Separately, Freedom Fuels USA, Inc., founded in 2019 by Joe Burckhard and Tyler Goss, is headquartered in Casper, Wyoming. This company focuses on serving the oil and gas markets across the United States, particularly in the Rocky Mountain regions and Texas. Its business is centered on providing bulk fuel supply, 24/7 onsite fueling services for drilling and completion operations, and lubricants. A distinct service offered is Hydrovac excavation, an eco-friendly digging method using high-pressure water. The company emphasizes operational reliability by maintaining strong relationships with refineries and brokers and holding fuel reserves to prevent supply chain disruptions. Their onsite fueling capability for frac sites includes having up to 16,000 gallons of fuel, dedicated operators, and filtering systems to ensure fuel quality.

Finally, another entity named Freedom Fuel LLC, owned by Jason C. Dyer in Massachusetts, was recognized as the 2024 Veteran Small Business Owner of the Year. This company delivers heating oil products (HHO/Diesel) and provides technical services for heating and cooling systems in Southeastern Massachusetts, getting its start with the help of an SBA microloan in 2020.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2001
Headquarters
Mason City, United States
Open positions
None listed
Dealroom signal
16.0/100
Industry
Energy
Sector
Energy, Retail, Hard Tech
Client focus
b2b
Links
Website

Funding history

1 recorded event

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
LATE VC✓Equity / VC Oct 2006 $22M $88M Undisclosed —
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Growth signals

Freedom Fuels website traffic

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Global footprint

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Workforce by country
🇺🇸 United States · Mason City HQ
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Market sentiment

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