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Industry giants gain unprecedented insignt into the climate pact of their shipping activities
For the first time, some of the world’s largest energy, agriculture, mining, and commodity trading companies publish the climate alignment of their shipping activities and gain access to new data that will allow them to work with their business partners in driving carbon efficiency and reductions and align their chartering activities with climate action goals. […]
Energy Transfer Signs LNG Sale and Purchase Agreement With Gunvor
Energy Transfer LNG Export to supply LNG to Gunvor Singapore Pte from its Lake Charles LNG Export Facility Under 20-year Agreement Energy Transfer LP (NYSE: ET) and Gunvor Group Ltd today announced that Gunvor Singapore Pte Ltd (Gunvor) has entered into an LNG Sale and Purchase Agreement with Energy Transfer LNG Export, LLC (Energy Transfer […]
Gunvor group appoints jeff webster as group cfo
Gunvor Group, one of the largest physical energy trading companies in the world, has appointed Jeff Webster as Group Chief Financial Officer (CFO). Jeff will be based in Geneva, Switzerland, and will serve on the Executive Committee. Jeff has more than 20 years of experience in the banking and trading sectors, most recently serving as […]
Gunvor Group Results 2021
The Group had gross profit of US $1.544 billion for the year, posting after tax net profit of US $726 million, more than double the 2020 earnings of US $320 million. Trading volumes increased to 240 million MT of commodities, up from 191 million MT the year prior. Gunvor generated revenue of US $135 billion, compared with US $50 billion the year prior, reflecting increases in the traded volumes and the price of commodities. Read More
Gunvor statement regarding the war in ukraine
Gunvor Group unequivocally condemns the war in Ukraine and the senseless violence taking place against the civilian population. While Gunvor has a history working in Russia, the company’s trading today has no material exposure to the country. Since 2014, Gunvor has been majority owned by the company’s Chairman and CEO, Torbjörn Törnqvist, who today holds […]
Gunvor completes first samurai loan
Gunvor Group, one of the largest independent commodities trading companies in the world, has successfully closed a JPY27 billion (approximately US $236 million) 3-year term loan, representing the company’s first Japanese Yen (JPY) denominated transaction (“Samurai” loan). The facility was the first syndicated Samurai loan on the market to be linked to TONA, the successor […]
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 secures new us $1.135 billion lng syndicated borrowing base facility
First of its kind LNG facility includes scope 1, 2, and 3 emissions measurement commitments Gunvor Group, the largest independent trader of liquefied natural gas (LNG) worldwide, has signed a new syndicated borrowing base facility (the “facility”) to support the working capital needs of the company’s growing LNG activities globally. The syndication launched at US […]
Gunvor closes first sustainability-linked US $1.455 billion European RCF
Gunvor Group Ltd (“Gunvor” or the “Group”) has signed a USD 1.455 billion sustainability-linked revolving credit facility (“RCF” or “Facility”) in favour of Gunvor International B.V. and Gunvor SA. The Facility received strong support from Gunvor’s banking partners and attracted new banks, increasing the total facility amount from the previous year. The RCF will be […]
Gunvor closes first sustainability-linked usd 1.455 billion european revolving credit facility
Gunvor Group Ltd (“Gunvor” or the “Group”) has signed a USD 1.455 billion sustainability-linked revolving credit facility (“RCF” or “Facility”) in favour of Gunvor International B.V. and Gunvor SA. The Facility received strong support from Gunvor’s banking partners and attracted new banks, increasing the total facility amount from the previous year. The RCF will be […]
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 usa closes us $1.33 billion borrowing base facility
Gunvor USA LLC (“Gunvor USA” or “the Company”), a subsidiary of Gunvor Group Ltd (“Gunvor” or “the Group”), has successfully closed the syndication of its USD 1.33 billion borrowing base credit facility (“the Facility”). The Facility includes a US $500 million accordion feature, which remains available to support future growth. The proceeds of the Facility […]
Dow partners with Gunvor to purify plastic waste streams to scale circular plastics manufacturing
Gunvor will supply cracker-ready feedstock derived from plastic waste to Dow in Europe beginning in 2021, which will be used to produce circular plastics for customers Agreement adds scale to Dow’s circular polyethylene production, reclaiming more waste plastics and keeping them out of the environment Dow (NYSE: DOW) has finalized an agreement with Gunvor Petroleum […]
La planta de biodiésel de gunvor en palos de la frontera, un modelo de economía circular
La planta onubense produce combustibles de origen vegetal a partir de la valorización de aceites usado, principalmente de cocina La empresa invertido 35 millones de dolares en sus nuevas instalaciones en Andalucía, inauguradas por el consejero de Transformación Económica, Rogelio Velasco La multinacional GUNVOR, especializada en la comercialización de materias primas energéticas, ha invertido 35 […]
Celcius Tankers confirms orders for 4 x 180,000 cbm ultra-eco LNG carriers from Samsung Heavy Industries
In line with strategy, Celsius Tankers has ordered a new series of LNG Carriers to support the growth of Celsius Tankers modern LNG fleet. Celsius Tankers is committed to push boundaries for available design improvements on any new building, in order to reduce environmental impact. The vessels’ highly efficient design minimizes CO2 emissions and methane […]
Gunvor Statement
Managing risk and liquidity is what Gunvor and other physical traders do. While there have been margin calls associated with the recent natural gas price rally, Gunvor has the processes and instruments in place to effectively manage this volatility. Every margin call associated with natural gas and liquefied natural gas (LNG) made during the last […]
Gunvor returns to bond market with US $300 million, 5-year notes
Gunvor Group Ltd has today successfully issued US $300 million Senior Unsecured RegS Notes (the “Notes”), priced at 6.250 percent, with a 5-year tenor and maturity date of 2026. Net proceeds of the Notes will be used for general corporate purposes. “We are delighted to have successfully returned to the bond market and thank investors […]