HOUSTON (2 March 2023) – As part of its strategy to accelerate the Energy 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, Gunvor USA LLC (Gunvor), part of the Gunvor Group, has entered into a green Description: Hydrogen is the most abundant element in the universe, represented by the symbol H on the periodic table. It is a colorless, odorless, and highly flammable gas. In energy... Read more 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 California.
The Letter of Intent covers the purchase and marketing of all production of green hydrogen from Yosemite’s first three facilities located in Oroville, Tuolumne and Visalia, California. Each facility is projected to produce 7 million kilograms per year of negative carbon intensity green hydrogen from 90,000 bone dry tons of biomass that are sustainably sourced from forest fuel hazard reduction projects, which reduce the threat of catastrophic wildfires in California. Yosemite will also use biomass generated post-wildfires as part of current salvage and restoration operations. Yosemite Biofuels are a type of renewable energy derived from biological sources, such as plants and animal waste. These fuels are used as an alternative to fossil fuels, with the aim... Read more plants will help farmers by using end-of-life orchard biomass to eliminate open burning and the associated CO2 and air quality impacts within the Sacramento and San Joaquin Valleys. The first facility, located in Oroville, is expected to begin operations in the second half of 2025, while the remaining two facilities are projected to start over the two following years.
“Green hydrogen is a clear area of opportunity to be explored for its role in the new energy landscape, and as a global commodities trader, Gunvor is pleased to support an innovative business such as Yosemite Clean Energy. Gunvor aims to be a long-term player in the maturation of global hydrogen markets, driven by expansion in transportation, aviation and industrial markets. Yosemite will be a key part of that growth,” said Fredrik Törnqivst, Gunvor’s Energy Transition Director and Managing Director for Nyera, an investment vehicle dedicated to identifying sustainable commodities trading and business opportunities.
Yosemite Clean Energy’s CEO Tom Hobby said: “For decades, the convergence of technologies, biomass producers, and end uses for biomass have been lacking, causing millions of tons of waste biomass to be underutilized across North America. Today we have the biomass conversion technologies, and in our case the 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 syngas processing, by which to economically create carbon negative H2 and advanced biofuels. Yosemite Clean is championing the best practices of sustainable management on our forest and farms. We are using biomass that has been burning, dying, and rotting, to produce zero-emission, carbon-negative green biofuels. We are very pleased to have Gunvor as our marketing and off-take partner for hydrogen fuels and the development of our ‘stump-to-pump’ marketing plan.”
Yosemite is a bioenergy development company that specializes in transforming farm and forest wood waste into carbon-negative biofuels, including green hydrogen and renewable Natural gas is a fossil fuel composed mainly of methane, a hydrocarbon compound. It is formed deep beneath the Earth's surface as a result of the decomposition of organic matter... Read more. Yosemite provides renewable solutions to California’s transportation and broader energy sectors while reducing risk of wildfires, raising air quality, and creating jobs and economic stimulus in underserved rural communities. Over the last decade, these areas have experienced a significant rise in catastrophic wildfire due to mismanagement of the forests, causing billions of dollars of property and environmental damage.
Yosemite is developing a network of biofuels plants that are partially owned by the forest and agricultural communities they serve. The company is at various stages of development planning on biofuels plants across the state of California.
For further information, visit yosemiteclean.com
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.
HOUSTON (2 March 2023) – As part of its strategy to accelerate 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, Gunvor USA LLC (Gunvor), part of the Gunvor Group, […]
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 Group (“Gunvor”), one of the largest physical natural gasNatural gas is a fossil fuel composed mainly of methane, a hydrocarbon compound. It is formed deep beneath the Earth's surface as a result of the decomposition of organic matter... Read more, LNG and commodities trading houses worldwide, has agreed to make an equity investment in […]
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 […]
New entity Nyera to target sustainable investments in renewablesRenewables: Renewables, also known as renewable energy sources, refer to sources of energy that are replenished naturally and are considered to be environmentally friendly and sustainable. Unlike fossil fuels, which... Read more, carbon capture Gunvor Group, one of the world’s largest physical energy commodities traders, has announced […]
Banks demonstrate strong support for feedstocksDescription: Feedstocks refer to raw materials or substances that are used as inputs in the production of various products, such as fuels, chemicals, and materials. In the context of energy... Read more that meet European Green Deal Gunvor Group (“Gunvor”, “the Company”) has successfully closed a new US $540 million […]
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”.