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Gunvor signs new up-to-eur 240 million eu emissions borrowing base
GENEVA (27 February 2023) – Gunvor Group, a leading global physical energy trading company, has signed a new uncommitted borrowing base facility (the “Facility”) to support trading activities on the European Union Emissions Trading System (EU ETS). The Facility, which includes a EUR 100 million accordion feature, is scalable and secured, and will cover all […]
Gunvor Petroleum Rotterdam becomes Gunvor Energy Rotterdam
As a part of Gunvor Group’s commitment to support the Energy Transition, we have been making significant investments to expand our trading and transform our asset base. Gunvor Petroleum Rotterdam B.V. (GPR), an oil refinery acquired in 2016, has already begun its journey to a sustainable future. New programs are underway, including plastics recycling and […]
Vopak and Port of Antwerp-Bruges to sustainably redevelop former Gunvor site
Dutch tank storage company Vopak is acquiring the shares of Gunvor Petroleum Antwerp from commodity trader Gunvor Group Ltd (“Gunvor”), giving it access to the Gunvor concession in the Antwerp port area. Vopak is committed to sustainably redeveloping the site. For example, together with the Port of Antwerp-Bruges, the company will focus on joint development/implementation […]
Industry giants gain unprecedented insight into the climate impact of their shipping activities
For the first time, some of the world’s largest energy, agriculture, mining, and commodity trading companies …
Gunvor closes us $1.565 billion lng syndicated borrowing base facility
Gunvor Group, a leading independent trader of liquefied natural gas (LNG) worldwide, has renewed its syndicated borrowing base facility (the “Facility”) to support the working capital needs of the company’s growing LNG activities globally. The syndication launched at US $1.2 billion and was oversubscribed, with strong appetite from new lenders, including more than 20 banks […]
Gunvor upsizes innovative natural gas facility to eur 570 million
Natural gas facility sees doubling of support from financing partners Gunvor Group (“Gunvor” or “the Company”) has successfully closed a EUR 570 million working capital transaction (the “Facility”), which consists of a syndicated, pan-European natural gas repo facility covering multiple jurisdictions in Europe with a shared security package. Eight banks supported the Facility, including four […]
Gunvor secures US $1.645 billion sustainability-linked, multi-currency revolving credit facility
Gunvor Group Ltd (“Gunvor” or the “Group”) has signed a USD 1.645 billion sustainability-linked, multi-currency revolving credit facility (“RCF” or “Facility”) in favour of Gunvor International B.V. and Gunvor SA. The Facility received strong support from both existing and new banking partners, increasing the total amount of the facility from the previous year. The RCF […]
Gunvor secures usd 1.645 billion sustainability-linked, multi-currency revolving credit facility
Gunvor Group Ltd (“Gunvor” or the “Group”) has signed a USD 1.645 billion sustainability-linked, multi-currency revolving credit facility (“RCF” or “Facility”) in favour of Gunvor International B.V. and Gunvor SA. The Facility received strong support from both existing and new banking partners, increasing the total amount of the facility from the previous year. The RCF […]
Gunvor usa closes us $1.45 billion borrowing base facility
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 US $1.45 billion uncommitted borrowing base credit facility (“the Facility”). The Facility includes a US $1.16 billion one-year tranche, a US $290 million two-year tranche, and a US $500 million […]
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 the complexity of physical oil trades, the contracting process has traditionally been manual and intricate. […]
Gunvor successfully increases obsi revolving credit facility to usd 990 million
Gunvor Group Ltd (“Gunvor” or the “Group”) has signed a USD 990 million Off Balance Sheet Instruments Revolving Credit Facility (“Facility”) in favor of Gunvor SA, Gunvor International B.V., Gunvor Deutschland GmbH, Gunvor Singapore Pte. Ltd., Gunvor Raffinerie Ingolstadt GmbH and Gunvor Petroleum Rotterdam B.V.. The Facility received strong support from Gunvor’s banking and institutional […]