Trafigura acquires NW European biofuel supplier


Source: Trafigura

Commodities specialist Trafigura announced on 4 March that it was acquiring the European assets of one of Europe’s largest suppliers of biofuels, Greenergy. The acquisition, which remains subject to regulatory approval, will add physical production and distribution of renewable fuels to Trafigura’s biofuels business.

Greenergy has expanded to become one of Europe’s largest suppliers of biofuels with manufacturing plants in the UK and the Netherlands. The company occupies a leading position in the UK road fuel distribution market. Greenergy’s European business is being purchased from current owner Brookfield Asset Management and its listed affiliate Brookfield Business Partners for an undisclosed sum.

Trafigura noted that the company, which will continue to be led by its current management team, will explore opportunities for expansion into new markets and products.

Continue this article…

Already subscribed? SIGN IN now


Sign up for FREE to continue this article!

Want to read more before deciding on a subscription? It only takes a minute to sign up for a free account and you’ll get to enjoy:

  • Weekly newsletters providing valuable news and information on the shipping sector
  • Full access to our news archive
  • Live and archived webinars, podcasts and videos
  • Articles on innovations and current trends in the shipping industry
  • Our extensive archive of data, research and intelligence

Get more free content sign up today

Ready to subscribe? Choose from one of our subscription packages for unlimited access!