Regency Petroleum Limited (RPL) is targeting the end of September to begin construction of a new service station near Norman Manley International Airport (NMIA), as the junior market-listed company moves to capitalise on one of the island’s busiest transportation corridors.

The under-two-acre development, which represents an investment of about $300 million, emerges as RPL’s sixth service station and its largest to date. The company expects the facility to be operational within three to four months after construction begins.

“We have procured, I would say, about 60 per cent of the equipment already. We now have the tanks in Jamaica, and we have the dispensers on the way,” founder and CEO Andrew Williams told the Jamaica Observer during a recent interview.

“We are hoping to start construction fully in another four weeks, so by about the end of September,” he further said to the Business Observer.

Beyond fuel sales, Regency Petroleum Limited’s development is expected to feature convenience shops and a popular fast-food outlet as well as RPL’s corporate office.

The company, now clearing the property and undertaking preparatory work ahead of construction, said that the site’s sandy terrain requires adequate preparation in order to ensure the property can be properly developed.

Williams, in positioning the new station as a landmark location for the Jamaican-owned petroleum company, said he expects its proximity to NMIA and the volume of traffic moving through the area to positively impact business.

NMIA, which handled more than 1.8 million passengers last year, provides RPL with access to a significant pool of potential customers as the Corporate Area airport seeks to attract more leisure travellers.

The airport has historically been driven largely by visiting friends and relatives (VFR) traffic, but its operator has been seeking to increase its share of the leisure market as it works to narrow the gap with Sangster International Airport in Montego Bay, which handles more than five million passengers annually.

For RPL’s management, the new location also fills a long-standing gap in service station offerings around NMIA as a previous Petcom station near the airport’s parking facilities has remained shuttered for several years, leaving the area without a nearby fuel outlet outside of Harbour View.

In addition to the gas station, the location, which is to also feature a range of convenient shops and a popular fast-food outlet, is further expected to serve as an attraction point for customers. RPL also plans to locate its corporate office at the property, taking advantage of the size and strategic location of the development.

Williams said the new station is expected to provide a meaningful boost to the company’s financial performance, with RPL targeting double-digit growth once the facility becomes operational.

“We expect it to increase both revenue and profitability,” he said, while noting that the development is expected to create more than 40 jobs.

Founded in 2018, RPL listed on the Jamaica Stock Exchange Junior Market in 2022 and has been expanding its service station network amid strong growth in fuel sales.

For the second quarter of this year the company reported revenue of $894.9 million, more than doubling the $430.3 million it recorded in the corresponding quarter of 2025. Net profit rose to $53.9 million.

For the six months ended June, revenue increased by 80 per cent to $1.56 billion, up from $864.5 million a year earlier, driven largely by higher fuel volumes sold across its existing service station network.

The NMIA development comes as RPL continues to expand its footprint across Jamaica while pursuing opportunities in the liquefied petroleum gas (LPG) market.

Following the company’s recent acquisition of the LPG business of Yaadman Petroleum, Williams said RPL intends to significantly increase its market share in the segment as the company pushes to further strengthen its performance.

“We got a big jump with the acquisition and we will be expanding and exploiting all the opportunities that come with that. We have a number of opportunities on the table for both segments of the industry — LPG and automotive fuel sales.

“We’re now in negotiations concerning some of these plans, but we continue to carry out some due diligence,” Williams said.