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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 them out of the environment Dow (NYSE: DOW) has finalized an agreement with Gunvor Petroleum […]
La planta de biodiésel de gunvor en palos de la frontera, un modelo de economía circular
La planta onubense produce combustibles de origen vegetal a partir de la valorización de aceites usado, principalmente de cocina La empresa invertido 35 millones de dolares en sus nuevas instalaciones en Andalucía, inauguradas por el consejero de Transformación Económica, Rogelio Velasco La multinacional GUNVOR, especializada en la comercialización de materias primas energéticas, ha invertido 35 […]
Gunvor returns to bond market with US $300 million, 5-year notes
Gunvor Group Ltd has today successfully issued US $300 million Senior Unsecured RegS Notes (the “Notes”), priced at 6.250 percent, with a 5-year tenor and maturity date of 2026. Net proceeds of the Notes will be used for general corporate purposes. “We are delighted to have successfully returned to the bond market and thank investors […]
Gunvor successfully closes US $872.5 million off balance sheet instrument facility
Gunvor Group Ltd (“Gunvor” or the “Company”) is pleased to announce the successful signing and increase of its USD 872.5 million Off Balance Sheet Instrument facility (“Facility”) in favour of Gunvor SA, Gunvor International B.V., Gunvor Deutschland GmbH, Gunvor Petroleum Rotterdam B.V., Gunvor Raffinerie Inglostadt GmbH and Gunvor Singapore Pte. Ltd. Initially launched at USD […]
Gunvor secures us$830 million asia rcf with 85% oversubscription
SINGAPORE — Gunvor Singapore Pte. Ltd. (the “Borrower”), a wholly-owned subsidiary of Gunvor Group Ltd (“Gunvor” or the “Company”), has closed a US$830 million syndicated revolving credit facility (the “Facility”) on 21 June 2021. The Facility, which was launched initially at US$450 million in April 2021, benefited from strong support from a total of 25 […]
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 million accordion feature, which remains available to support future growth. The proceeds of the Facility […]
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 CEO Torbjorn Tornqvist. Here, Tornqvist explains how Gunvor is well positioned to take advantage in […]
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 and strong partnerships along the value chain. Despite the near-term bearish sentiment in the LNG […]
Gunvor secures usd 1.69 billion revolving credit facility
GENEVA (8 November 2019) – Gunvor Group Ltd (“Gunvor” or the “Group”) has signed a USD 1.69 billion revolving credit facility (“RCF” or “Facility”) in favour of Gunvor International B.V. and Gunvor SA. Initially launched at USD 1 billion, the Facility received strong support from Gunvor’s banking partners and closed substantially over-subscribed. The RCF will be used to […]
Gunvor closes oversubscribed us $1.67 billion revolving credit facility
Gunvor Group Ltd (“Gunvor” or the “Group”) has signed a US$ 1.67 billion Revolving Credit Facility (the “Facility”) in favour of Gunvor International B.V. and Gunvor SA (the “Borrowers”), representing a 30% increase in the total available facilities. The Facility will replace the maturing Tranche A (US$ 1.15 billion) of the Borrower’s Revolving Credit Facility […]
Gunvor closes us $725 million borrowing base to support ara refining operations
Gunvor SA and Gunvor Belgium N.V., both subsidiaries of Gunvor Group, have closed a US $725 million borrowing base facility (“Facility”), which will provide working capital for Gunvor’s refining activities in the Amsterdam-Rotterdam-Antwerp (ARA) region. The Facility was launched at US $700 million and was oversubscribed at US $805 million, before being scaled back to […]