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CVR Supply & Trading signs Gunvor to exclusive crude oil supply agreement
Gunvor USA (“Gunvor”), a subsidiary of Gunvor Group, a leading global energy commodities trading company, has signed a crude oil supply agreement with CVR Supply & Trading, LLC (“CVR”), a subsidiary of CVR Energy, Inc. (NYSE: CVI). Under the terms…
World first as physical oil trade confirmations are digitalised using VAKT
VAKT today announces that the first-ever physical oil trade confirmations are being conducted using the VAKT technology. Gunvor Group and TotalEnergies Trading SA (TOTSA) lead this industry first, with more counterparties to follow. This digitised transaction is a milestone for the oil trading industry. Due to…
Energy Transfer Signs LNG Sale and Purchase Agreement With Gunvor
Energy Transfer LNG Export to supply LNG to Gunvor Singapore Pte from its Lake Charles LNG Export Facility Under 20-year Agreement Energy Transfer LP (NYSE: ET) and Gunvor Group Ltd today announced that Gunvor Singapore Pte Ltd (Gunvor) has entered…
Dow partners with Gunvor to purify plastic waste streams to scale circular plastics manufacturing
Gunvor will supply cracker-ready feedstock derived from plastic waste to Dow in Europe beginning in 2021, which will be used to produce circular plastics for customers Agreement adds scale to Dow’s circular polyethylene production, reclaiming more waste plastics and keeping…
Gunvor to cut scope 1 & 2 emissions 40% by 2025
New entity Nyera to target sustainable investments in renewables, carbon capture Gunvor Group, one of the world’s largest physical energy commodities traders, has announced commitments in the areas of environment, social, and governance (ESG) targeting a 40% reduction in the…
Gunvor usa successfully closes usd 1.1 billion borrowing base
Gunvor USA LLC (“Gunvor USA” or “the Company”), a subsidiary of Gunvor Group Ltd (“Gunvor” or “the Group”), has successfully closed the syndication of its USD 1.1 billion borrowing base credit facility (“the Facility”). The Facility includes a USD 500…
Energy Intelligence Interview with Torbjörn Törnqvist
Gunvor: Repeat of Q2 Volatility Hard to See Despite having its business model tested during the first half of 2020 commodities trader Gunvor’s robust risk management and strong market analysis helped it produce its best second quarter ever, according to…
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 usa successfully closes usd 1.1 billion borrowing base
HOUSTON (6 November 2019) – Gunvor USA LLC, a subsidiary of Gunvor Group, has successfully closed the syndication of its USD 1.1 billion Borrowing Base Credit Facility. Gunvor USA increased the size of the Facility by USD 100 million while…
Gunvor usa closes us $1 billion credit facility
Gunvor USA LLC (“Gunvor USA”), a subsidiary of Gunvor Group, has successfully closed the syndication of a US $1 billion Borrowing Base Credit Facility (“facility”), which will support operations in the United States and Canada, as well as planned expansion…