Trafigura completes acquisition of Greenergy
Singapore and London, 1st August 2024 - Trafigura Group Pte Ltd and Greenergy, a UK-based supplier of road fuels and a major European biodiesel producer, today announce that Trafigura has completed the acquisition of Greenergy’s European and Canadian supply businesses from Brookfield Asset Management and its listed affiliate Brookfield Business Partners.
Founded in 1992 to supply diesel with lower emissions, Greenergy is today one of Europe’s largest suppliers of biofuels with manufacturing plants in the UK and the Netherlands and a leading distributor of road fuels in the UK. Internationally, Greenergy supplies over 15 billion litres of fuel annually to supermarkets, oil companies, fuel wholesalers and retail and commercial customers. The company markets in Ireland through the Inver Energy and Amber Petroleum brands and in Canada supplies commercial and wholesale customers from its rail-fed terminals in Ontario and British Columbia.
Ben Luckock, Global Head of Oil for Trafigura said: “Our two businesses are highly complementary. By combining our commercial and market expertise we plan to develop Greenergy’s current business and explore new opportunities that will support the transition to a lower carbon future. Trafigura’s financial strength, strong supply chain expertise and global customer base should provide a robust platform for Greenergy to accelerate its growth.”
Adam Traeger, Chief Executive Officer of Greenergy said: ”The acquisition by Trafigura is an exciting step for Greenergy as we look to accelerate our growth. We are looking forward to working with the Trafigura team to expand our reliable supply of transport fuels, and enhance Greenergy’s offer to our customers.”
ENDS
For further information, please contact:
Greenergy’s Press Office: +44 (0) 20 7404 7700 or greenergy@teneo.com
Trafigura’s Press Office: +41 (0) 22 592 4528 or media@trafigura.com
About Greenergy
Greenergy was founded in 1992 to supply low sulphur fuels. Over more than 30 years, the business has become an established supplier and distributer of transportation fuels. Greenergy is also a leading European manufacturer of biodiesel from wastes, operating plants in the UK and the Netherlands.
Greenergy also markets in Ireland through the Inver Energy and Amber Petroleum brands and entered the Canadian market in 2013 supplying commercial and wholesale customers from its rail-fed terminals in Ontario and British Columbia.
Internationally, Greenergy supplies over 15 billion litres of fuel annually to supermarkets, oil companies, fuel wholesalers and retail and commercial customers. It manages fuel supply chains from refinery gates to customer sites – importing, storing, blending and distributing fuel and managing stock levels for customers.
Visit: www.greenergy.com
About Trafigura
Trafigura is a leading commodities group, owned by its employees and founded 30 years ago. At the heart of global supply, Trafigura connects vital resources to power and build the world. We deploy infrastructure, market expertise and our worldwide logistics network to move oil and petroleum products, metals and minerals, gas and power from where they are produced to where they are needed, forming strong relationships that make supply chains more efficient, secure and sustainable. We invest in renewable energy projects and technologies to facilitate the transition to a low-carbon economy, including through H2Energy Europe and joint venture Nala Renewables.
The Trafigura Group also comprises industrial assets and operating businesses including multi-metals producer Nyrstar, fuel storage and distribution company Puma Energy, the Impala Terminals joint venture, and Greenergy, supplier and distributor of transportation fuels and biofuels. The Group employs over 12,000 people and is active in 156 countries.
Visit: www.trafigura.com