Trafigura will take over Greenergy’s Canadian activities

Singapore and London, May 8, 2024 – Trafigura Group Pte Ltd and Greenergy today announced that Trafigura has expanded its agreement with Brookfield Asset Management and its listed subsidiary Brookfield Business Partners to include Greenergy’s Canadian supply operations for an undisclosed amount. This complements Trafigura’s proposed acquisition of Greenergy’s European operations, announced on March 4, 2024. The acquisitions are subject to customary closing conditions and regulatory approvals.

Founded in 1992 to provide lower emissions diesel, Greenergy is today one of Europe’s largest suppliers of biofuels with factories in Britain and the Netherlands and a leading distributor of road fuels in Britain. Greenergy entered the Canadian market in 2013 and supplies commercial and wholesale customers with a range of on-road fuels, including higher percentage biodiesel blends, from its rail-connected terminals in Ontario and British Columbia.

Ben Luckock, Global Head of Oil at Trafigura, said: “Greenergy’s Canadian operations have strong commercial synergies with our global distillates, gasoline and biofuels businesses and our established commercial relationships in North America.”

Christian Flach, CEO of Greenergy, said: “Following the previous announcement of Trafigura’s proposed acquisition of Greenergy’s European operations, we are pleased to now include our Canadian supply operations as part of the transaction. Trafigura’s financial strength will provide us with a robust platform for growth across Canada, allowing us to expand our infrastructure facilities in strategic locations, bringing road fuels closer to our customers.”

ENDS

For more information, please contact:

Trafigura press service: +41 (0) 22 592 4528 or [email protected]
Greenergy press office: +44 (0) 20 7404 7700 or [email protected]

About Trafigura

Trafigura is a leading commodities group, owned by its employees and founded 30 years ago. At the heart of its global offering, Trafigura connects vital resources to power and build the world. We deploy infrastructure, market expertise and our global logistics network to move oil and petroleum products, metals and minerals, gas and energy from where they are produced to where they are needed, forming strong relationships that make supply chains more efficient, safer and more sustainable. We invest in sustainable 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 includes industrial assets and operating companies, including multi-metals producer Nyrstar, fuel storage and distribution company Puma Energy and our joint venture Impala Terminals. The Group employs more than 12,000 employees and is active in 156 countries.

Visit: www.trafigura.com

About Greenergie

Greenergy has been an established supplier and distributor of transportation fuels for more than 30 years. Greenergy supplies around a quarter of the UK’s road fuels and is also a leading European manufacturer of biodiesel from waste, with factories in the UK and the Netherlands.

Internationally, Greenergy supplies more than 14 billion liters of fuel annually to supermarkets, oil companies, fuel wholesalers and private and commercial customers. It manages fuel supply chains from refinery gates to customer sites, importing, storing, blending and distributing fuel and managing inventory levels for customers.

Greenergy also sells in Ireland through the Inver Energy and Amber Petroleum brands.

Visit: www.greenergy.com

Related Posts