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Gunvor

Gunvor

Gunvor launches new us $540 million biodiesel borrowing base

Banks demonstrate strong support for feedstocks that meet European Green Deal Gunvor Group (“Gunvor”, “the Company”) has successfully closed a new US $540 million borrowing base facility (the “Facility”) to support the Company’s biodiesel trading activity. The Facility drew strong…

Gunvor to cease use of “Agents”

As a part of Gunvor’s efforts to continuously improve procedures in order to  mitigate risk across the company, specifically in relation to areas of  Compliance, the company has taken the decision to cease the use of “agents”,  i.e., consultants and…

Gunvor closes new sustainability-linked borrowing base to support german refinery

Gunvor Group (“Gunvor”), one of the world’s largest physical energy commodities traders, has closed a new sustainability-linked borrowing base facility (“Facility”) to support operations at Gunvor Refinery Ingolstadt. The EUR 450 million Facility complements Gunvor’s other US $725 million sustainability-linked borrowing base for refining activities in the ARA, and similarly has an interest rate dependent on the company’s year-on-year improvements in multiple sustainability criteria in the areas of “environment”, “social impact” and “governance”.

Gunvor 2019 LNG Results

“We are pleased to deliver another year of growth in our LNG business,”  said Kalpesh Patel, Gunvor Group’s co-head of Liquefied Natural Gas (LNG) trading. “Our considerable presence in the LNG market is the result of consistent and reliable performance…