As a trader, Gunvor is well suited to running efficient and profitable refineries. We leverage 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** A factoring program refers to a financial arrangement where businesses sell their accounts receivable—i.e., invoices—to a third party called a factor. This sale is generally at a discount,... Read more 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.
We continue to invest in our refinery acquisitions, keeping Safety, Health and the Environment (SHE) a priority in how we build for the future.
Gunvor Refinery Ingolstadt (GRI) is a 100% owned inland refinery operating in a niche market. Crude oil refers to unrefined petroleum that is found with the Earth’s crust. Read more supply arrives via the TAL pipeline system, a 753-kilometer pipeline connection from the marine shipping terminal in Trieste, Italy.
Gunvor Energy Rotterdam (GER), 100% owned by Gunvor, is situated in the Port of Rotterdam. The refinery and its international distribution center have direct access to the open sea and the European hinterland.
As a part of Gunvor Group’s commitment to support the Energy TransitionEnergy Transition refers to the global shift from traditional fossil fuel-based energy systems to a more sustainable, low-carbon, and environmentally friendly energy infrastructure. It encompasses the process of transitioning from… Read more, we have been making significant investments to expand our trading and transform […]
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 […]
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 […]
Air Products (NYSE:APD) and Gunvor Petroleum Rotterdam (GPR), a wholly-owned subsidiary of Gunvor Group (Gunvor), have signed a joint development agreement for an import terminal in Rotterdam. The agreement responds to the accelerating demand for green energy sources to meet climate objectives and the need to diversify energy sources. The import terminal is expected to […]
GES is acquiring part of the assets of Stargate Terminal from Gunvor Group and will develop over 20 hectares of vacant land. GES has ambitious plans to develop a large industrial site at Rotterdam for storage solutions for low carbon products to facilitate the energy transitionEnergy Transition refers to the global shift from traditional fossil […]