As a trader, Gunvor is well suited to running efficient and profitable refineries. We leverages our expertise and relationships with crude suppliers to gain access to the types of crude oils our facilities process. We also employ our financing expertise to ensure the trading and facilities are sustainably maintained.
For example, Gunvor was the first trading house to establish a factoring program as means of diversifying financial support for oil refining operations. The deal, which was established with GE Capital for our Ingolstadt refinery, was the largest single receivable finance program in Germany.
We continue to further invest in our refinery acquisitions, with the goal of achieving operational excellence by keeping Safety, Health and the Environment (SHE) a priority in how we build for the future.