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Net-zero emissions
**Net-zero emissions** refers to a state of balance between the amount of greenhouse gas emissions produced and the amount removed from the atmosphere. Achieving net-zero means that any carbon dioxide (CO2) or other greenhouse gases added to the atmosphere are balanced by an equivalent amount being taken out, effectively bringing the net addition of these […] Read MoreClimate Change
Climate Change Climate change refers to the long-term alteration in the average weather patterns that have come to define Earth’s local, regional, and global climates. These changes have a broad range of observed effects that are synonymous with the term. The primary cause of current climate change is largely human activity, like burning fossil fuels—coal, […] Read MoreLiquefied Natural Gas (LNG)
USE LNG is mainly used for cooking, heating homes and generating electricity. SUPPLY Global DEMAND Supply Gunvor has been trading liquefied natural gas (LNG) since 2010, and has grown to become the largest independent LNG trading company in the world. Gunvor prides itself on maintaining an excellent track record of reliability and a strong focus […] Read More
Gunvor Group Ltd updates Board of Directors
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.
Chesapeake Energy Corporate and Gunvor sign long-term LNG supply agreement indexed to JKM
Chesapeake Energy Corporation (NASDAQ: CHK) and Gunvor Group Ltd today announced that Gunvor Singapore Pte Ltd (“Gunvor”) has entered into a Heads of Agreement (“HOA”) with Chesapeake Energy Marketing L.L.C. (“Chesapeake”) a subsidiary of Chesapeake Energy Corporation. Under the HOA, Chesapeake will supply up to 2 million tonnes of LNG per annum to Gunvor with […]
Gunvor partners with yosemite clean energy on green hydrogen
HOUSTON (2 March 2023) – As part of its strategy to accelerate the energy transition, Gunvor USA LLC (Gunvor), part of the Gunvor Group, has entered into a green hydrogen 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 […]
Gunvor signs new up-to-eur 240 million eu emissions borrowing base
GENEVA (27 February 2023) – Gunvor Group, a leading global physical energy trading company, has signed a new uncommitted borrowing base facility (the “Facility”) to support trading activities on the European Union Emissions Trading System (EU ETS). The Facility, which includes a EUR 100 million accordion feature, is scalable and secured, and will cover all […]
Gunvor Petroleum Rotterdam becomes Gunvor Energy Rotterdam
As a part of Gunvor Group’s commitment to support the Energy Transition, we have been making significant investments to expand our trading and transform our asset base. Gunvor Petroleum Rotterdam B.V. (GPR), an oil refinery acquired in 2016, has already begun its journey to a sustainable future. New programs are underway, including plastics recycling and […]Sub-octane
The term usually applies to gasoline that does not meet the 87 octane standard, which most suppliers mandate for regular unleaded distinction. Sub-octanes are typically utilized by those using oxygenated components.
Read MorePetrochemical
Petrochemical refers to a substance that is obtained by refining and/or processing petroleum or natural gas.
Read MoreOctane
Octane refers to a measurement of fuel stability. These ratings are based on the pressure at which a fuel will spontaneously combust in a testing engine.
For more information: Energy Information Administration <https://www.eia.gov/energyexplained/gasoline/octane-in-depth.php> Read MoreNaphtha
Naphtha 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> Read MoreAromatics
Aromatics are a group of organic compounds that contain a benzene ring or exhibit similar chemical properties. They are widely used as key raw materials in the production of various products, including plastics, synthetic fibers, rubber, dyes, resins, solvents, and pharmaceuticals. Aromatics play a crucial role in the energy commodities trading sector as they are […] Read More
Vopak and Port of Antwerp-Bruges to sustainably redevelop former Gunvor site
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 […]Differentials
Differentials refers to the difference between the amounts of two or more commodities.
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