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Gunvor successfully closes US $872.5 million off balance sheet instrument facility
Gunvor Group Ltd (“Gunvor” or the “Company”) is pleased to announce the successful signing and increase of its USD 872.5 million Off Balance Sheet Instrument facility (“Facility”) in favour of Gunvor SA, Gunvor International B.V., Gunvor Deutschland GmbH, Gunvor Petroleum Rotterdam B.V., Gunvor Raffinerie Inglostadt GmbH and Gunvor Singapore Pte. Ltd. Initially launched at USD […]
Gunvor secures us$830 million asia rcf with 85% oversubscription
SINGAPORE — Gunvor Singapore Pte. Ltd. (the “Borrower”), a wholly-owned subsidiary of Gunvor Group Ltd (“Gunvor” or the “Company”), has closed a US$830 million syndicated revolving credit facility (the “Facility”) on 21 June 2021. The Facility, which was launched initially at US$450 million in April 2021, benefited from strong support from a total of 25 […]
Gunvor Group Results 2020
Gunvor recorded its highest-ever trading profit during 2020, with strong performances across all desks, including crude oil, oil products, LNG and natural gas. Thanks to robust earnings, the company continued to strengthen its balance sheet and enhance its liquidity position. Read More
Gunvor joins global carbon capture & storage institute
Gunvor Group, one of the world’s leading physical energy commodities traders, has joined the Global Carbon Capture & Storage (CSS) Institute, an international think tank whose mission is to accelerate the deployment of carbon capture and storage, a vital technology to tackle climate change and deliver climate neutrality. Global CCS Institute’s diverse international membership includes […]
Gunvor to cut scope 1 & 2 emissions 40% by 2025
New entity Nyera to target sustainable investments in renewables, carbon capture Gunvor Group, one of the world’s largest physical energy commodities traders, has announced commitments in the areas of environment, social, and governance (ESG) targeting a 40% reduction in the company’s Scope 1 and 2 emissions by 2025. The commitments come as a part of […]
Commonwealth LNG, in association with Gunvor, Launches Tender for LNG Offtake
Commonwealth LNG, in association with Gunvor Group (“Gunvor”), announced today the launch of a formal process to solicit bids to reserve offtake from its planned 8.4 million tons per annum (MTPA) LNG facility in Cameron, Louisiana. It is the first ever tender process in which prospective LNG customers can secure future term supply at volumes, […]
Gunvor closes innovative new eur 300 mil. Natural gas facility
Gunvor Group (“Gunvor” or “the Company”) has successfully closed a new EUR 300 million financing (the “Facility”), which consists of a syndicated, pan-European natural gas repo facility to cover multiple jurisdictions in Europe with a shared security package. It will be used to support Gunvor’s growing natural gas activity across Europe, where the company is […]
Gunvor invests in artemis technologies to revolutionize maritime transport
Gunvor Group, one of the world’s largest physical energy commodities traders, has made an investment in Artemis Technologies as a part of the company’s commitment to developing non-fossil fuel solutions to maritime transportation. The investment by Gunvor follows the recent award of a £33 million UK Government innovation grant to the Artemis Technologies-led Belfast Maritime […]
Energy capital vietnam and gunvor form joint venture to trade and ship lng to vietnam
Energy Capital Vietnam (ECV), a U.S.-based project holding and development company established in 2015 to serve as a platform for private investment into Vietnam, has announced the formation of a Joint Venture (JV) with Gunvor International BV (Gunvor), one of the world’s leading independent energy commodities trading houses. An ECV-led consortium is developing a LNG-to-power project in Mui Ke […]
Gunvor inaugura una nueva línea de crédito de 540 millones de dólares dedicada al biodiésel
Los bancos muestran un fuerte apoyo a las materias primas que cumplen con el Pacto Verde Europeo El grupo Gunvor (en lo sucesivo, «Gunvor» o «la Compañía») ha cerrado con éxito una nueva línea de crédito disponible de 540 millones de dólares (la «Línea de crédito») para respaldar la comercialización de biodiésel de la Compañía. […]
Gunvor launches new us $540 million biodiesel borrowing base
Banks demonstrate strong support for feedstocks that meet European Green Deal Gunvor Group (“Gunvor”, “the Company”) has successfully closed a new US $540 million borrowing base facility (the “Facility”) to support the Company’s biodiesel trading activity. The Facility drew strong support among Gunvor’s banking partners, which align with its strategy to promote cleaner products with […]
Gunvor usa successfully closes usd 1.1 billion borrowing base
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 1.1 billion borrowing base credit facility (“the Facility”). The Facility includes a USD 500 million accordion feature, which remains available to support future growth. The proceeds of the Facility […]
Gunvor to cease use of “Agents”
As a part of Gunvor’s efforts to continuously improve procedures in order to mitigate risk across the company, specifically in relation to areas of Compliance, the company has taken the decision to cease the use of “agents”, i.e., consultants and intermediaries, for business origination and development purposes. Gunvor has already reduced the number of such […]
Gunvor successfully closes usd 1.225 billion revolving credit facility
Gunvor Group Ltd (“Gunvor” or the “Group”) has signed a USD 1.225 billion revolving credit facility (“RCF” or “Facility”) in favour of Gunvor International B.V. and Gunvor SA. Initially launched at USD 1 billion, the Facility received strong support from Gunvor’s banking partners and showed substantial over-subscription of 22.5%. “The strong, continued support Gunvor has […]
Energy Intelligence Interview with Torbjörn Törnqvist
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 management and strong market analysis helped it produce its best second quarter ever, according to CEO Torbjorn Tornqvist. Here, Tornqvist explains how Gunvor is well positioned to take advantage in […]
Gunvor Group Results 2019
Gunvor’s performance in 2019 was broad-based across all geographies and trading desks, and as a result the company realized strong trading gross profit. The overhaul Gunvor undertook in 2017/2018 to improve risk management and corporate governance enabled the company to effectively take advantage of favorable market conditions throughout the year Read More
Gunvor closes new sustainability-linked borrowing base to support german refinery
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”.