Gunvor Group Announces Management Buy-Out, Appointment of Gary Pedersen as CEO

SINGAPORE (17 November 2025) - Abaxx Technologies Inc. (CBOE:ABXX)(OTCQX:ABXXF) (“Abaxx” or the “Company”), a financial software and market infrastructure company, majority shareholder of Abaxx Singapore Pte Ltd., the owner of Abaxx Commodity Exchange and Clearinghouse (individually, “Abaxx Exchange” and “Abaxx Clearing”), and producer of the SmarterMarkets™ Podcast, today announced the execution of the first Enwex German Onshore Wind (GWM) futures block trade on Abaxx Exchange with participation from Gunvor International B.V. (“Gunvor”) on November 17, 2025.

The two parties traded 10 lots of the February 2026 Enwex German Onshore Wind (GWM) Futures contract at EUR 28.45/hour. The trade was brokered by TP ICAP, with clearing services provided by ADM Investor Services Singapore, KGI Securities and Marex.

“This first trade shows how exchange-listed products can play a useful role in managing the growing exposure to renewable generation risk,” said Ronny Bendlin Spür, Weather Trader at Gunvor International B.V., Amsterdam, Geneva Branch. “By completing the first wind futures trade on Abaxx, we’ve helped demonstrate how standardized exchange products can bring transparency, efficiency, and liquidity to the weather derivatives market. As wind and solar continue to shape price dynamics in power markets, the ability to hedge resource-driven volatility will become essential for producers, investors, and energy traders alike.”

Tim Boyce, Head of Weather Derivatives, EMEA at TP ICAP added, “As the world's leading interdealer broker, we proudly leverage our global network and deep expertise to enhance market liquidity. Executing this inaugural trade marks a key milestone, and we look forward to collaborating with all market participants to drive continued growth.”

Willy Cahyadi, Managing Director, ADM Investor Services Singapore, stated, “We are proud to clear the first trades on Abaxx’s Enwex German Onshore Wind Futures on behalf of ADMIS’ global client base. As energy markets evolve, we continue to provide the dependable and innovative solutions our clients rely on to manage risk with confidence.”

Abaxx Enwex German Onshore Wind (GWM) Futures extend weather derivatives into renewable generation, providing a practical way for market participants to manage the financial impact of wind variability. Listed exclusively as the benchmark for the Enwex German Wind Index, the contract enables producers to hedge volume risk tied to generation output, while offering traders and investors a new instrument for expressing views on wind conditions and price dynamics.

The contract is a euro-denominated, financially-settled product indexed to Enwex Wind Germany, a forecast-based index that translates wind speed at 100m into standardized generation utilization rates, expressed in €/MWh.

Abaxx Enwex German Onshore Wind (GWM) Futures are available for trading from 1000 to 2400 SGT (14 hours), Monday to Friday, except for Singapore public holidays. View contract details, connected clearing and broker firms, and request market access at abaxx.exchange/resources/start-trading.

About Abaxx Technologies Inc.
Abaxx Technologies is building Smarter Markets: markets empowered by better tools, better benchmarks, and better technology to drive market-based solutions to the biggest challenges we face as a society, including the energy transition.

In addition to developing and deploying the next generation of digital market infrastructure that reconciles law, identity, and technology to enable real-time collateral mobility, Abaxx is the majority shareholder of Abaxx Singapore Pte. Ltd., the owner of Abaxx Exchange and Abaxx Clearing, and the parent company of wholly owned subsidiaries Abaxx Spot Pte. Ltd. and Adaptive Infrastructure.

Abaxx Exchange delivers the market infrastructure critical to the shift toward an electrified, low-carbon economy through centrally-cleared, physically-deliverable futures contracts in LNG, carbon, battery materials, and precious metals, meeting the commercial needs of today’s commodity markets and establishing the next generation of global benchmarks.

Abaxx Spot modernizes physical gold trading through a physically-backed gold pool in Singapore. As the first instance of a co-located spot and futures market for gold, Abaxx Spot enables secure electronic transactions, efficient OTC transfers, and is designed to support physical delivery for Abaxx Exchange’s physically-deliverable gold futures contract, providing integrated infrastructure to deliver smarter gold markets.

Adaptive Infrastructure closes critical gaps in post-trade infrastructure by providing a unified custodial foundation across environmental markets and digital title assets. Incorporated in Barbados and regulated by the Financial Services Commission of Barbados, the company delivers institutional-grade custody, settlement, and transfer agency services designed to reduce risk and improve reliability across asset classes.

For more information, visit abaxx.tech | abaxx.exchange | abaxxspot.com | basecarbon.com | smartermarkets.media

GENEVA (7 November 2025) – Gunvor Group Ltd (“Gunvor” or the “Group”) has signed a US $2.395 billion sustainability-linked, multi-currency revolving credit facility (“RCF” or “Facility”) in favour of Gunvor International B.V. and Gunvor SA.

The Facility consists of two tranches, available to Gunvor International B.V. and Gunvor SA:

Tranche A: US $1.885 billion 364-day Revolving Credit Facility with three 364-day extension options
Tranche B: US $510 million 3-year Revolving Credit Facility with one 364-day extension option

Thanks to strong support from existing and new banking partners the Facility ended up upsized this year again, with additional liquidity successfully raised in both tranches.

The RCF will be used for general corporate purposes, including the refinancing of the existing US $1,775,000,000 364-day tranche of the 2024 European Revolving Credit Facilities Agreement, and the US $350,000,000 3-year tranche of the 2023 European Revolving Credit Facilities Agreement.

The Facility has a US $400 million Accordion Option and complements the existing US $490 million 3-year tranche of the 2024 European Revolving Credit Facilities Agreement.

The Facility continues to come with a comprehensive set of ESG-linked KPIs: reduction of Scope 1 and 2 Greenhouse Gas (GHG) emissions; reduction of Scope 3 GHG emissions to improve the energy efficiency of the shipping fleet; the investment in renewable and carbon reduction projects; and the assessment of the Group’s assets, JVs, and suppliers against Human Rights principles. Each KPI is annually tested and externally verified.

"We are very pleased with the outcome of this refinancing with an increased facility amount – including in the longer tenor – and several new banks joining the pool. We thank our banking pool for their continued support in this flagship European financing facility for our Group,” said Jeff Webster, Chief Financial Officer of Gunvor Group.

Abu Dhabi Commercial Bank PJSC, Coöperatieve Rabobank U.A., Crédit Agricole Corporate and Investment Bank, Emirates NBD Bank (P.J.S.C), London Branch, ING Bank N.V., Amsterdam, Lancy / Geneva Branch, Natixis CIB, Qatar National Bank (Q.P.S.C.) Paris Branch, SMBC Bank International plc, Société Générale, UBS Switzerland AG, and UniCredit Bank GmbH are Bookrunning Mandated Lead Arrangers. Credit Agricole Corporate & Investment Bank, ING Bank N.V., Natixis CIB, SMBC Bank International plc, Société Générale were mandated to arrange the Facility and acted as Active Bookrunners while UBS Switzerland AG is Facility and Swingline Agent. Natixis CIB acted as Sustainability Coordinator for the Facility.

Banco Bilbao Vizcaya Argentaria S.A., Niederlassung Deutschland, DBS Bank Ltd, London Branch and First Abu Dhabi Bank PJSC are Senior Mandated Lead Arrangers.

Citibank N.A., Jersey Branch, KfW IPEX-Bank GmbH and Mizuho Bank, Ltd. are Mandated Lead Arrangers.

Bank of China Limited, London Branch, China Construction Bank Corporation, Beijing, Swiss Branch Zurich, Commerzbank London Branch AG, DZ Bank AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main, Erste Group Bank AG, Industrial and Commercial Bank of China Limited, London Branch, Lloyds Bank plc, OTP Bank plc., and Sumitomo Mitsui Trust Bank, Limited (London Branch), The Standard Bank of South Africa Limited, Isle of Man Branch are Lead Arrangers.

ABC International Bank Plc, Arab Bank (Switzerland) Ltd, Banco BPM S.p.A, Banque Internationale de Commerce -BRED (Suisse) SA, Banque de Commerce et de Placements SA, CaixaBank S.A., China CITIC Bank Corporation Limited London Branch, Deutsche Bank Luxembourg SA, Europe Arab Bank SA, GarantiBank International N.V, Habib Bank AG Zurich, Mashreqbank PSC, Nedbank Limited, London Branch, Raiffeisen Bank International AG, and Union de Banques Arabes et Françaises – UBAF are Arrangers.

About Gunvor Group
Gunvor Group is one of the world’s largest independent commodities trading houses by turnover, creating logistics solutions that safely and efficiently move physical energy, metals, and bulk materials from where they are sourced and stored to where they are demanded most. Gunvor has strategic investments in industrial infrastructure—downstream, refineries, pipelines, storage, and terminals—that complement core trading activities and generate sustainable value across the global supply chain for its customers. For more information, visit www.gunvorgroup.com

BUDAPEST – Gunvor, one of the world’s leading independent commodities trading companies, and New Energy (member of the NE-TECH Group), a Budapest-based technology company specializing in the advanced chemical recycling of end-of-life tires, are pleased to announce the signing of a strategic collaboration agreement aimed at jointly advancing the transition toward a circular economy.

According to the terms of the agreement, New Energy will supply Gunvor with pyrolysis oil produced from waste tires at its industrial-scale recycling facility located in Dunaharaszti, Hungary. This collaboration will include supplies from additional NE-TECH facilities under development in Karcag, Hungary, as well as in Western Europe and other regions outside the European Union.

The pyrolysis oil will be used as a feedstock for refineries, replacing conventional fossil-based raw materials. The use of chemically recycled oil reduces carbon emissions and aligns with key principles of circular economy models by enabling material reuse and waste minimization.

Ricardo Cordeiro de Sousa, Circular Naphtha and Pyrolysis Oil trader at Gunvor, commented: “On top of conventional products, Gunvor is committed to increasing its support for the ‘circular economy’ and the Energy Transition. NE-TECH has a unique technology that is working on full industrial scale operating 24/7, and together we can offer both economic advantages and environmental benefits. We look forward to working with New Energy and sourcing products from its current and new facilities in Europe.”

Viktor Varadi, CEO of NE-TECH Group, added: “This partnership underlines our successful development and optimization of our processes to maximize economic efficiency of our plant and technology. We are proud that we achieved this level, where we qualify our products to the high standards of Gunvor, and partner with one of the world’s leading independent commodities trading companies This collaboration will result in the production of more environment friendly products made by the petrochemical industry.”

The partnership between Gunvor and NE-TECH Group represents a meaningful step toward scalable, commercially viable circular solutions in the energy and chemical sectors.

About NE-TECH Group
NE-TECH Group is an innovative technology group. Its group companies are specialized in the development and commercialization of solutions related to circular economy. NE-TECH’s main mission is to turn formerly untreatable polymer based and organic waste streams into useful raw materials for the petrochemical industry, thus addressing the unsustainable extraction of natural resources in an economically viable manner. NE-TECH has developed and commercialized a proprietary technology that can turn waste tires back to secondary raw materials to support circular economy strategies of its partners and customers. It also has two decades of operational experience in running a pyrolysis plant by group member New Energy. Further information about NE-TECH at www.ne-tech.eu

About Gunvor Group
Gunvor Group is one of the world’s largest independent commodities trading houses by turnover, creating logistics solutions that safely and efficiently move physical energy and bulk materials from where they are sourced and stored to where they are 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. Further information can be found at www.gunvorgroup.com.

Agreement Propels Texas LNG Toward a Final Investment Decision

HOUSTON – Texas LNG Brownsville LLC, a four million tonnes per annum (“MTPA”) liquefied natural gas export terminal to be constructed in the Port of Brownsville, Texas, has signed a definitive 20-year Sales and Purchase Agreement with Gunvor Singapore Pte Ltd for 0.5 MTPA of LNG from Texas LNG on a Free on Board basis. The agreement converts a previous non-binding Heads of Agreement between the two companies. Texas LNG Brownsville LLC is a subsidiary of Glenfarne Energy Transition, LLC, and Gunvor Singapore Pte Ltd is a subsidiary of Gunvor Group.

“Texas LNG is moving rapidly towards a targeted year-end Final Investment Decision,” said Glenfarne Chief Executive Officer and Founder Brendan Duval. “Our agreement with Gunvor continues our progressing of successfully completed commercial contracts, sufficient for FID, for Texas LNG. Together with the advanced state of project financing and completion of the FERC process last month, this project is poised to unlock the superior benefits of clean, reliable U.S. LNG for Gunvor and our other partners.”

“As one of the foundation customers of Texas LNG, we are pleased to complete this agreement and open up new sources of U.S. LNG to meet the growing demand for secure energy in overseas markets,” said Kalpesh Patel, Co-Head of LNG Trading of Gunvor.

The majority of Texas LNG’s offtake volume will be sold under long-term binding agreements. Texas LNG is in the process of converting HOAs with Macquarie and another highly experienced, investment-grade global LNG player into definitive agreements. Kiewit is leading the engineering, procurement, and construction of Texas LNG under a lump-sum turnkey structure.

About Texas LNG
Texas LNG is an LNG export facility to be constructed in the Port of Brownsville, Texas and a subsidiary of global energy transition leader Glenfarne Energy Transition, LLC. Texas LNG is led by an experienced team committed to creating one of the cleanest, lowest emitting LNG export facilities in the world through electric motor drives. Additional information about Texas LNG may be found on its website at www.texaslng.com.

About Glenfarne
Glenfarne Group is a privately held developer, owner, and operator of energy infrastructure assets based in New York, New York and Houston, Texas, with offices in Anchorage, Alaska; Panama City, Panama; Santiago, Chile; Bogota, Colombia; Barcelona, Spain; and Seoul, South Korea. Through its subsidiaries, Glenfarne owns and operates over 60 energy infrastructure assets through three core businesses: Global LNG Solutions, Grid Stability, and Renewables. The company’s seasoned executives, asset managers, and operators develop, acquire, manage, and operate energy infrastructure assets throughout North and South America. For more information, please visit www.glenfarne.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. The company, which in 2024 generated U.S. $136 billion in revenue on 232 million MT of volumes, is the leading independent global trader of liquefied natural gas (LNG).

Strategic alignment would secure critical feedstock, product offtake, and sustainability value as Genesis Fertilizers advances toward a low-carbon production future in Western Canada

SASKATOON – Genesis Fertilizers is pleased to announce the signing of a commercial Letter of Intent (LOI) with Gunvor USA LLC, one of the world's largest independent commodities trading houses, to jointly pursue three key agreements for Genesis Fertilizers' proposed nitrogen fertilizer production facility at Belle Plaine, SK (the Facility): a natural gas supply agreement, a diesel exhaust fluid (DEF) offtake agreement, and a carbon credits offtake agreement. This collaboration further advances Genesis Fertilizers' commitment to building a modern, low-carbon fertilizer facility that provides value across the supply chain—from global traders to Western Canadian farmers.

The three agreements currently in discussion to be finalized are intended to govern long-term strategic collaboration, including natural gas supply to the Facility, full offtake of the Facility's DEF product to Gunvor, and Gunvor's purchase of up to 100% of carbon credits generated through the Facility's carbon capture and sequestration technologies.

"This is a defining step in securing critical commercial components for the Genesis Fertilizers project," said Derek Penner, President and CEO of Genesis Fertilizers. "Gunvor brings exceptional market insight and global scale, and their participation is a strong validation of our integrated, sustainability-driven model."

Key Elements of the Proposed Agreements:

Natural Gas Supply Agreement:

Secures natural gas feedstock from Gunvor for the Facility, enabling year-round production at scale.
Encompasses approximately 23 million GJ per year from 2029, creating incremental demand for Canada natural resources and displacing imports.
Ensures flexible, firm delivery supported by long-term transport arrangements.

Diesel Exhaust Fluid (DEF) Offtake Agreement:

Gunvor to purchase 100% of the DEF volume produced by the Genesis facility annually (approx. 215,000 MT).
DEF will be produced to international purity standards and delivered FOB via rail.

Carbon Credit Offtake Agreement:

Gunvor to purchase up to 100% of carbon credits generated from Genesis's carbon capture and sequestration process.
Represents approximately 682,000 MT per year of CO₂ credits.
Designed to align with emerging regulatory regime and carbon markets.

Gunvor highlighted the alignment in values, stating: "Genesis Fertilizers represents the future of sustainable agri-input production. Our team is excited to collaborate on this transformational project and bring forward a supply chain anchored in reliability, transparency, and emissions reduction."

Enabling a Sustainable Ag Future

The Belle Plaine facility is being designed as one of the most modern and sustainable nitrogen fertilizer production sites in North America. Featuring an integrated carbon capture system and built to optimize product and energy efficiency, the project is expected to play a key role in supporting Canadian agriculture's low-emission future.

The Letter of Intent signed with Gunvor is a critical milestone as Genesis Fertilizers moves toward Final Investment Decision (FID), targeted in early 2026.

About Genesis Fertilizers
Genesis Fertilizers is proposing to finance, design and construct a new, highly efficient nitrogen fertilizer production and distribution system that serves today's modern farmer. This will be comprised of a central production facility constructed near low-cost raw materials serving a Western Canadian network of strategically located farmer-centric distribution centres. Genesis Fertilizers' is a privately held limited partnership, and its securities do not trade on any exchange.

SINGAPORE -- AMIGO LNG S.A. de C.V. ("AMIGO LNG"), the Mexican joint venture of Texas-based Epcilon LNG LLC and Singapore-based LNG Alliance, today announced the signing of a definitive Long-Term Sale and Purchase Agreement (SPA) with Gunvor Singapore Pte Ltd ("Gunvor"), one of the world's leading independent commodity trading houses.

Under the agreement, Gunvor will purchase 0.85 million tonnes per annum (MTPA) of LNG for 20 years, with deliveries commencing upon the start of commercial operations of AMIGO LNG's first liquefaction train, scheduled for latter half of 2028.

This long-term commitment marks a major milestone for AMIGO LNG, reinforcing its position as Mexico's first large-scale LNG export terminal on the west coast of Americas. The Guaymas-based facility will leverage its strategic location and proximity to the prolific U.S. Permian Basin to deliver competitive LNG supplies to customers in Asia and Latin America.

"Gunvor is committed to securing long-term LNG supplies to meet the evolving energy needs of our customers worldwide. Partnering with AMIGO LNG aligns with our strategy of diversifying supply sources and supporting the global transition toward cleaner energy," said Kalpesh Patel, Co-Head of LNG Trading of Gunvor.

"We are delighted to welcome Gunvor as one of our key foundation offtakers. This agreement underscores the confidence global energy players place in AMIGO LNG's ability to deliver reliable, flexible, and competitive LNG to international markets," said Dr. Muthu Chezhian, CEO of LNG Alliance.

In addition to strengthening global LNG supply chains, the AMIGO LNG project serves as a bridge for U.S.–Mexico energy trade by monetizing U.S. natural gas exports through Mexico's west coast. This enhances cross-border energy integration, creates bilateral economic value, and reinforces the role of U.S. and Mexico as strategic partners in delivering secure and affordable energy to the world.

About LNG Alliance
LNG Alliance (est. 2013), an affiliate of Texas-based Epcilon LNG LLC, is powering the future with cutting-edge gas and LNG terminal infrastructure across the USA, Mexico, Southeast Asia, and Europe. Backed by strategic partnerships with top-tier energy and technology leaders from the USA, Middle East, and Europe; LNG Alliance delivers reliable, transition and sustainable energy with global reach and local impact.

About Gunvor Group
Gunvor Group is one of the world's leading independent commodities trading companies, with a global presence in trading, shipping, refining, and investments across energy transition projects. Gunvor is a major player in the global LNG market, with a portfolio of long-term offtake, supply, and shipping arrangements.

SINGAPORE (7 July 2025) – Gunvor Singapore Pte. Ltd. (the “Borrower”), a wholly-owned subsidiary of Gunvor Group Ltd (“Gunvor” or the “Group”), has closed a US$1.285 billion sustainability-linked, syndicated revolving credit facility (“RCF” or “Facility”) on 13 June 2025.

The Facility, which was launched initially at US$800 million in April 2025, received strong support from Gunvor’s banking partners and attracted new banks, bringing together a total of 28 banks to close significantly oversubscribed by over 60% at general syndication. The Borrower has further upsized the Facility by US$50 million via an accordion feature, which was structured to accommodate two banks that joined the Facility after signing. This brings the total Facility amount to US$1.335 billion as of 7 July 2025, an increase from the previous year.

The 364-day Facility, which is guaranteed by the Company and includes two 12-month extension options, will be used for general corporate and working capital purposes, including the refinancing of the Borrower’s existing US$1.32 billion 2024 Asia Sustainability-linked Revolving Credit Facility.

Similar to previous financings, the Facility includes four sustainability Key Performance Indicators (KPIs) supporting the Group’s strong commitment to improve the environmental and social impacts of its trading operations and to invest in sustainable commodities and businesses. The KPIs relate to the reduction of Scope 1 and 2 Greenhouse Gas (GHG) emissions; reduction of Scope 3 GHG emissions associated with the improvement of energy efficiency of the chartered shipping fleets; the investment in non-hydrocarbon projects; and the assessment of the Group's assets, JVs and critical suppliers against Human Rights principles. Each KPI is tested annually and verified externally in line with LMA Sustainability-Linked Loan Principles.

“We are very satisfied with the result of our Asian RCF renewal. This achievement is attributed to the strong relationships we maintain with our long-standing banking partners. Additionally, we are pleased to welcome several new lendersthis year”, said Jean Rohr, Gunvor’s Regional CFO for Asia-Pacific.

Abu Dhabi Commercial Bank PJSC, China CITIC Bank International Limited, DBS Bank Ltd., MUFG Bank, Ltd. and Oversea-Chinese Banking Corporation Limited were mandated to arrange the Facility and acted as the Active Bookrunning Mandated Lead Arrangers for the Facility. Agricultural Bank of China Limited, Singapore Branch, Emirates NBD Bank (P.J.S.C), Singapore Branch, First Abu Dhabi Bank PJSC, Natixis, Singapore Branch and State Bank of India, Singapore Branch remain as the Bookrunning Mandated Lead Arrangers. DBS Bank Ltd. also acted as syndication coordination agent and sustainability coordinator of the Facility, while Natixis, Singapore Branch also acted as Facility Agent, legal and documentation agent.

Bank of China Limited, Singapore Branch, China Construction Bank Corporation Singapore Branch, Coöperatieve Rabobank U.A., Singapore Branch, Crédit Agricole Corporate and Investment Bank, Singapore Branch, ING Bank N.V., Singapore Branch, Krung Thai Bank Public Company Limited, Singapore Branch, UBS AG, Singapore Restricted Branch, and Westpac Banking Corporation, Singapore Branch are Mandated Lead Arrangers.

China CITIC Bank Corporation Limited, Shanghai Branch, Mizuho Bank, Ltd., SOCIÉTÉ GÉNÉRALE, a public limited company incorporated in France, acting through its Hong Kong branch, and United Overseas Bank Limited are Lead Arrangers.

Commerzbank Aktiengesellschaft, Singapore Branch, Habib Bank Limited, Singapore Branch, National Bank of Fujairah PJSC, Sumitomo Mitsui Banking Corporation Singapore Branch, and Sumitomo Mitsui Trust Bank, Limited Singapore Branch remain as Arrangers. Furthermore, Arab Bank plc, Bank of Communications Co., Ltd., Singapore Branch and China Merchants Bank Co., Limited, Singapore Branch joined as new Arrangers.

About Gunvor Group
Gunvor Group is one of the world's largest independent commodities trading houses by trading volume, creating logistics solutions that safely and efficiently move physical energy from where it is sourced to where it is demanded most. With strategic investments in industrial infrastructure (refineries, pipelines, storage and terminals), Gunvor further generates sustainable value across the global supply chain for its customers. Gunvor trades in more than 100 countries with three main trading hubs in Geneva, Singapore and Houston, along with other trading offices in Stamford, Dubai, London and Shanghai, supported by a network of more than 20 representative and other trading offices around the globe.

Innovative Approach Focused on Delivering Impactful and Measurable Decarbonization Results

PureWest Energy, LLC ("PureWest"), a leading Rocky Mountain independent natural gas producer recognized for its low methane and carbon emission rates, and Gunvor USA LLC, a member of Gunvor Group ("Gunvor"), one of the largest independent energy commodities trading companies worldwide, are partnering to provide verified low-carbon natural gas, which can stand alone or be blended with renewable natural gas (RNG) to meet key decarbonization goals, including Scope 3 emissions reduction targets.

Under the agreement, Gunvor will offtake PureWest's third-party verified, low-carbon natural gas attributes, which may be unbundled or bundled with physical gas. PureWest's production is measured and independently verified in alignment with ISO 14067, the global standard for quantifying and reporting the carbon footprint of a product's life cycle. This innovative approach provides scalable and traceable solutions to reduce carbon emissions for downstream industrial end-users and is supported by CleanConnect's ProveZero™ registry – an auditable, blockchain-backed system built to verify environmental attributes and carbon intensity with full transparency.

"PureWest produces natural gas with one of the lowest carbon intensities in North Americaand we remain committed to providing reliable, lower carbon energy options for end-users," said Chris Valdez, PureWest CEO. "We're proud to partner with Gunvor to deliver independently verified, low-carbon natural gas solutions that help end-users meet their decarbonization goals."

Gunvor will integrate PureWest's verified low-carbon natural gas into its supply portfolio, supporting the development of a verified low-carbon blended gas product that can meet global standards, including ISCC, and will help its customers achieve emissions reduction and decarbonization ambitions while maintaining supply reliability.

"Gunvor is committed to offering energy solutions that meet growing market decarbonization needs, especially as more of our customers are seeking new avenues to reach their emissions reductions goals," said Gary Pedersen, President and CEO of Gunvor USA LLC. "By partnering with PureWest, a leading producer of verified low-carbon natural gas, we're bringing innovative and scalable solutions to the market, and giving our customers the option of using lower-carbon and more sustainable energy."

PureWest's verified low-carbon gas is supported by CleanConnect, who provides comprehensive monitoring solutions, using continuous data from CleanConnect's autonomous monitoring systems, which detect, classify, and timestamp emissions with precision and scale far beyond traditional Leak Detection and Repair (LDAR) or quarterly methods.

This agreement is an important milestone in accelerating measured, verifiable environmental attributes with commercial-scale energy distribution. The partnership between PureWest and Gunvor also reflects unique and collaborative industry approaches to meeting critical decarbonization goals through scalable, data-driven solutions across key end-use sectors.

About PureWest

PureWest Energy, LLC is a private energy company focused on developing its long-life gas reserves in Wyoming's Green River Basin where the Company operates more than 108,000 net acres in the prolific Pinedale Field. PureWest's commitment to stakeholders includes exceptional safety performance, an employee led community investment program, and industry leading emissions mitigation focused on rigorous Measurement, Monitoring, Reporting and Verification (MMRV) with ISO 14067 alignment. Additional information is available at PureWest.com.

ABAXX Exchange

ABAXX STATEMENT / Gunvor Executes First Enwex German Onshore Wind Futures Block Trade on Abaxx Exchange

SINGAPORE (17 November 2025) – Abaxx Technologies Inc. (CBOE:ABXX)(OTCQX:ABXXF) (“Abaxx” or the “Company”), a financial software and market infrastructure company, majority shareholder of Abaxx Singapore Pte Ltd., the owner of Abaxx Commodity Exchange and Clearinghouse (individually, “Abaxx Exchange” and “Abaxx Clearing”), and producer of the SmarterMarkets™ Podcast, today announced the execution of the first Enwex […]

Finance

Gunvor secures US $2.395 billion sustainability-linked, multi-currency revolving credit facility

GENEVA (7 November 2025) – Gunvor Group Ltd (“Gunvor” or the “Group”) has signed a US $2.395 billion sustainability-linked, multi-currency revolving credit facility (“RCF” or “Facility”) in favour of Gunvor International B.V. and Gunvor SA. The Facility consists of two tranches, available to Gunvor International B.V. and Gunvor SA: Thanks to strong support from existing […]

Gas Storage Partnership

Gunvor signs 10-year natural gas storage service contract with AltaGas

CALGARY (5 October 2025) – Gunvor Group, one of the largest physical energy commodities traders in the world, is pleased to announce its partnership with Canada-based AltaGas, which has reached a positive FID on the Phase One expansion of its Dimsdale Gas Storage Facility. Gunvor will support AtlaGas’ 6 Bcf expansion with a 10-year firm storage service […]

Pyrolysis Trading

Gunvor and New Energy to collaborate on industrial-scale waste tire recycling

BUDAPEST – Gunvor, one of the world’s leading independent commodities trading companies, and New Energy (member of the NE-TECH Group), a Budapest-based technology company specializing in the advanced chemical recyclingChemical recycling refers to an array of advanced processes that convert plastic waste into its fundamental chemical constituents, which can then be utilized to produce new plastics […]

LNG Trading

Texas LNG, Gunvor Announce Binding LNG Offtake Agreement

Agreement Propels Texas LNG Toward a Final Investment Decision HOUSTON – Texas LNG Brownsville LLC, a four million tonnes per annum (“MTPA”) liquefied natural gas export terminal to be constructed in the Port of Brownsville, Texas, has signed a definitive 20-year Sales and Purchase Agreement with Gunvor Singapore Pte Ltd for 0.5 MTPA of LNG […]

Trading

Genesis Fertilizers and Gunvor Pursuing Partnership to Secure Natural Gas Supply, DEF Offtake, and Carbon Credits Monetization

Strategic alignment would secure critical feedstock, product offtake, and sustainability value as Genesis Fertilizers advances toward a low-carbon production future in Western Canada SASKATOON – Genesis Fertilizers is pleased to announce the signing of a commercial Letter of Intent (LOI) with Gunvor USA LLC, one of the world’s largest independent commodities trading houses, to jointly pursue three key […]

Finance

AMIGO LNG Signs 20-Year LNG SPA with GUNVOR to Deliver Reliable, Competitive Energy to Global Markets

SINGAPORE — AMIGO LNG S.A. de C.V. (“AMIGO LNG”), the Mexican joint venture of Texas-based Epcilon LNG LLC and Singapore-based LNG Alliance, today announced the signing of a definitive Long-Term Sale and Purchase Agreement (SPA) with Gunvor Singapore Pte Ltd (“Gunvor”), one of the world’s leading independent commodity trading houses. Under the agreement, Gunvor will […]

Finance

Gabon National Oil Company successfully closes Tullow Oil Gabon asset acquisition

LIBREVILLE – Gabon National Oil Company (GOC) is pleased to announce the successful completion of the acquisition of 100% of the shares in Tullow’s subsidiary, Tullow Oil Gabon S.A, for a total cash consideration of USD 307 million of net tax and customary adjustments. Tullow Oil Gabon S.A. holds all of Tullow’s non-operated working interests […]

Finance

Gunvor secures US $1.335 billion sustainability-linked syndicated RCF with oversubscription

PureWest and Gunvor Group Partner to Accelerate Use of Verified Low-Carbon Gas Solutions

Innovative Approach Focused on Delivering Impactful and Measurable Decarbonization Results PureWest Energy, LLC (“PureWest”), a leading Rocky Mountain independent natural gas producer recognized for its low methane and carbon emission rates, and Gunvor USA LLC, a member of Gunvor Group (“Gunvor”), one of the largest independent energy commodities trading companies worldwide, are partnering to provide verified low-carbon natural […]

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