Moving Energy Efficiently
Nyera
A New Era of Trading
Nyera is dedicated to identifying Energy Transition investments,
including new sustainable commodities
and businesses.
Nyera’s trading and investment activities are performed on a
commercial basis, and the company is deliberate in entering areas
of opportunity that will ensure a sustainable long-term model.
NYERA IS A WHOLLY OWNED SUBSIDIARY OF GUNVOR GROUP
As a leading global physical commodities trading company, Gunvor Group is inherently equipped to be responsive to market changes, and the company’s success over the last 20 years is based on its ability to do so.
While Gunvor has historically focused on the safe and efficient movement of crude oil and oil products, the company has been for more than a decade diversifying into new commodities and strategies in response to shifting markets and opportunities. This will be Nyera’s primary focus.
About 50 percent of Gunvor’s trading today consists of biofuels, natural gas, and liquefied natural gas (LNG). The company has also ceased physical coal trading and acquired biofuels plants. Gunvor was the first physical energy trader to launch a sustainability-linked financing, directly tying its performance in 15 different environmental, social, and governance (ESG) criteria (including emissions reduction) to the interest rate of a facility.
To build on this record, Gunvor now commits to both further improve the environmental impact of its current trading portfolio and invest in new sustainable commodities and businesses. Decisions made will be done not only in response to our desire to uphold our position as a responsible company, but because Gunvor believes it is possible to do well by doing good.
Gunvor is working to further improve the environmental impact of its current trading portfolio and invest in new sustainable commodities and businesses.
Latest Nyera News
HOUSTON – As part of its strategy to accelerate the energy transition, Gunvor USA LLC (Gunvor), part of the Gunvor Group and one of the world’s largest independent commodities trading houses, has executed a feedstock supply and product offtake Letter of Intent with Dallas-based ClearShift LLC (ClearShift), a leader in the development of gas-to-liquids technology and the production of low-carbon fuels and specialty chemicals.
The Letter of Intent covers a 10-year supply of all natural gas and renewable natural gas, the offtake of low carbon diesel, and the offtake of high-grade carbon-neutral chemicals from ClearShift’s facility to be located near the chemical corridor in Louisiana.
The structure of Gunvor’s supply and offtake allows for a fully de-risked margin to ClearShift, while providing optionality for both parties to capture additional margin. The facility will consume approximately 55,000 MMBtu of natural gas and renewable natural gas per day and will produce approximately 75 million gallons per year of low-carbon renewable diesel and zero carbon, high-grade specialty chemicals. ClearShift also produces clean hydrogen, which is consumed in its non-combustion production process.
“ClearShift is pioneering the energy transition, creating pure, low carbon fuels and carbon neutral specialty chemicals from readily available cheap hydrocarbon supplies,” said Shane Foster, Energy Transition Lead – Americas at Gunvor. “We look forward to building a long-term relationship focused on enhancing the variety and quality of fuels and chemicals we offer to our customers.”
“We are thrilled about our relationship with Gunvor,” said John Stephenson, CEO of ClearShift. “When combined with the new incentives available in the Inflation Reduction Act, this agreement serves as a quantum leap for our business, illustrating how sustainable technology-based companies and leading commodity trading houses can partner together to ensure that the next wave of sustainable infrastructure thrives.”
About ClearShift
ClearShift produces ultra-pure, environmentally friendly fuels and specialty chemicals using a cutting-edge gas-to-liquids (GTL) process, responsibly replacing legacy oil-based fuels and chemicals. Its GTL technology converts methane, flare gas and CO2 into low carbon fuels and non-combustible carbon neutral specialty chemicals, removing the associated CO2 from the air permanently. ClearShift helps companies convert pollution into profit, while reducing their carbon footprint. For further information, visit www.goclearshift.com.
About Gunvor Group
Gunvor is one of the world’s largest independent commodities trading houses by turnover, creating logistics solutions that safely and efficiently move physical energy from where it is sourced and stored to where it is demanded most. Gunvor has strategic investments in industrial infrastructure — refineries, pipelines, storage and terminals — that complement our core trading activity and generate sustainable value across the global supply chain for our customers. Gunvor established Nyera, its wholly owned subsidiary dedicated to identifying Energy Transition investments, including new sustainable commodities and businesses.
- Vasiliki Papalli, Group Administration Director: Ms. Papalli, joined Gunvor in October 2013, and has been handling the corporate restructuring and the companies setup in the various jurisdictions of the Group, as well as the overall management of the Nicosia headquarters office. She has more than 15 years of experience in the corporate secretarial sector. Ms. Papalli previously worked for PricewaterhouseCoopers from 2007-2013.
- Fredrik Törnqvist, Energy Transition Director: Mr. Törnqvist serves as the Energy Transition Director at Gunvor Group, and Head of Nyera, the company’s renewables investment vehicle. He joined Gunvor in 2019 as a market analyst for Gunvor’s natural gas desk, one of the largest physical natural gas traders in Europe. He began his career at PricewaterhouseCoopers, where he provided financial audit and advisory services to some of the world’s largest public companies. He then joined investment advisory and asset management firm Whiteridge Advisors, where he was involved in a range of activities including Venture Capital, Private Equity, Business Development and Government Advisory.
- Mr. Torbjörn Törnqvist, Chairman and CEO
- Mr. Gerhard Auer, Director
- Mr. Georgios Loizou, Director
- Mr. Mats Nilsson, Director
- Ms. Vasiliki Papalli, Director
- Mr. Menelaos (Melinos) Pissourios, Director
- Mr. Fredrik Törnqvist, Director
- 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 transition.
- This is the first deal announced by the newly formed GES, a company with a focus on energy transition fuels and related services.
- Consolidation of biofuel storage
- Storage for renewable fuels
- Gas storage
- Gas to chemicals production
- Green and blue hydrogen
- Hydrogen carriers such as ammonia
- A proven management team with experience that is second-to-none
- Private Equity backing, meaning swift decisions and a longer-term view
- Exclusive focus on energy transition fuels
- Established dedicated vehicle, Nyera (Swedish: “New Era”), to formalize non-fossil fuel investments comprising a minimum of 10% of net equity that, with leverage, is expected to amount to a commitment of at least half-billion dollars (USD).
- Areas of Nyera’s focus include carbon capture and storage, renewable fuels, renewable power, and alternative fuels, including ammonia and hydrogen.
- Company’s major credit lines will continue to embed specific sustainability-linked goals with linked KPIs.
- For existing and new trading, dedicated programs will be established to reduce emissions and environmental impact, while taking into account human rights considerations, in line with our commitment to the UNGPs on Business & Human Rights.
- Emissions from refineries will continue to decrease compared to 2019, through efficiency projects and a switch to renewable and carbon neutral electricity.
- 100% of owned ships and 75% of time charter shipping fleet will be “eco-vessels” by 2022, with an overall 100% before 2027.
- Gunvor is in the process of finalizing its assessment of Scope 3 emissions, including those linked to the traded commodities and voyage charters; the company commits to follow the IMO improvement in efficiency targets of 40% by 2030, as per Gunvor’s membership in the Sea Cargo Charter.
Gunvor partners with ClearShift on zero carbon diesel and chemicals
HOUSTON – As part of its strategy to accelerate the energy transitionEnergy Transition refers to the global shift from reliance on fossil fuels such as coal, oil, and natural gas towards more sustainable and renewable energy sources like solar, wind, hydroelectric,… Read more, Gunvor USA LLC (Gunvor), part of the Gunvor Group and one of […]
Gunvor Group Ltd updates Board of Directors
NICOSIA – Gunvor Group Ltd (“Gunvor” or the “Company”), one of the largest energy commodities trading companies in the world, has updated the composition of its Board of Directors.
Gunvor partners with yosemite clean energy on green hydrogen
HOUSTON (2 March 2023) – As part of its strategy to accelerate the energy transition, Gunvor USA LLC (Gunvor), part of the Gunvor Group, has entered into a green hydrogen Letter of Intent with Fresno, California-based Yosemite Clean Energy LLC (Yosemite), a leader in the development of biomass to green hydrogen in the state of […]
Air Products and Gunvor to Cooperate on Green Hydrogen Import Terminal in Rotterdam
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 […]
Gunvor invests in renewable natural gas business
Gunvor Group (“Gunvor”), one of the largest physical natural gas, LNG and commodities trading houses worldwide, has agreed to make an equity investment in a PIPE supporting a business combination between OPAL Fuels LLC (“OPAL Fuels”), and ArcLight Clean Transition Corp. II (Nasdaq: ACTD) (“ArcLight”). OPAL Fuels LLC is a leading, vertically integrated producer and […]
Gunvor divests stake in rotterdam terminal to ges under long-term energy transition partnership
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 transition. This is the first deal announced by the newly […]
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 company’s Scope 1 and 2 emissions by 2025. The commitments come as a part of […]