Naphtha

Products are mostly marketed to petrochemicalPetrochemical refers to a substance that is obtained by refining and/or processing petroleum or natural gas. companies located in Europe, Asia and Brazil, as well as to companies active in gasoline reforming and blending in the ARA region, New York Harbor and U.S. Gulf Coast.

Gunvor is active in marketing the light naphthaNaphtha refers to a variety of volatile, highly flammable liquid hydrocarbon mixtures used mainly as solvents and diluents, as well as the raw material for conversion to gasoline. Reference: OECD <https://stats.oecd.org/glossary/detail.asp?ID=4614>... produced by its Gunvor Petroleum Rotterdam unit, and has long-term agreements for storage in Rotterdam, from where it can trade.

In recent years, the naphtha desk has also developed its activity to the East of Suez, through Gunvor’s Singapore entity. When there is an arbitrageArbitrage refers to the practice of taking advantage of price differences between two or more markets or exchanges in order to generate profits. It involves buying an asset at a... opportunity, Gunvor ships cargoes from Europe to Asia.

Gunvor has succeeded in positioning itself as one of the leaders in the arbitrage play for naphtha cargoes sourced from Europe.