Gunvor Group announces the appointment of a newly created position, Technical Director Refining, and the hiring of a new Refinery Manager for its Independent Belgium Refinery (IBR), consistent with the integration of refining into Gunvor’s operations.
Marcel Mazenauer, refinery manager at Gunvor’s IBR, will move to the company’s Geneva office, where he will serve as Technical Director Refining, overseeing and coordinating the technical aspects and long-term development, including investment strategies, of both of Gunvor’s refineries. Mazenauer has more than two decades of experience in oil refining with Shell, Shell Global Solutions, and Petroplus.
Assuming Mazenauer’s position as Refinery Manager at IBR will be Luc Smets. He will begin 1 March 2013. Smets joins IBR from ExxonMobil, where his most recent function was Technical Operations Manager at Chemicals HQ in Machelen/Brussels. Smets has more than 20 years of experience at ExxonMobil, having held various Downstream refers to the activities in the energy industry that take place after the extraction and production of raw materials or primary energy sources such as oil, natural gas, or... Read more positions in refining, chemicals, distribution and films manufacturing at multiple locations in the Benelux. Within refining he has built up experience in process, production, engineering and construction, maintenance, turnaround planning and safety. Smets will bring his long experience to further improve IBR’s performance in line with its mission and vision—all while ensuring the facility continues to operate optimally to complement our trading activity.
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 more sustainable and renewable sources of energy. It involves the gradual transformation of the energy sector,... 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-fuel […]
AOP suma así a siete grandes compañías dentro de la organización y aumenta su representatividad. Gunvor cuenta con una bioplanta en el País Vasco y otra en Huelva. El grupo Gunvor se ha unido a la Asociación Española de Operadores de Productos Petrolíferos como compañía socia de pleno derecho tras el acuerdo de la junta […]
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 managementRisk management refers to the process of identifying, assessing, and prioritizing potential risks in order to minimize their negative impact on an organization or individual. In the energy commodities trading... […]
Gunvor Group (“Gunvor”), one of the world’s largest physical energy commodities traders, has closed a new sustainability-linked borrowing base facility (“Facility”) to support operations at Gunvor Refinery Ingolstadt. The EUR 450 million Facility complements Gunvor’s other US $725 million sustainability-linked borrowing base for refining activities in the ARA, and similarly has an interest rate dependent on the company’s year-on-year improvements in multiple sustainability criteria in the areas of “environment”, “social impact” and “governance”.
Gunvor Group (“Gunvor”), one of the world’s largest physical energy commodities traders, has successfully met targets for its US $725 million sustainability-linked borrowing base financing and their performance has been subject to third party assurance from PricewaterhouseCoopers. Gunvor is the first energy commodities trading company to close a financing in which the interest rate is […]
Related savings will go to support new Gunvor Foundation Gunvor Group (“Gunvor”) has closed an innovative US $745 million secured borrowing base facility (“Facility”) that includes performance commitments related to Gunvor’s sustainability targets. Gunvor is the first energy commodities trading company to close a financing in which the interest rate will be dependent on the […]