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Gunvor Group Results 2024

Gunvor Group Ltd (“Gunvor”), one of the world’s leading independent commodities trading companies, today announces the following financial information for the year ended 31 December 2024: Revenue: US $136 billionVolumes: 232 million MTGross profit: US $1.8 billionNet profit after taxes: US $729 millionEquity: US $6.5 billion Gunvor continued its track record of solid performance, posting […]

Gunvor Group Results 2024

Gunvor continued its track record of solid performance, posting a net income of US $729 million. The result reflects a return to more normalized energy markets compared with the previous two years Read More

Recruitment Fraud

We have become aware that unauthorized individuals have been misusing the Gunvor Group name and logo, as well as the names of our directors, executives, and employees, in emails and on websites to fraudulently solicit upfront payments from individuals. Gunvor Group does not conduct business through social media, unsolicited emails, or written correspondence, nor does […] Read More

Fredrik Törnqvist

Fredrik Törnqvist Energy Transition Director Mr. Törnqvist serves as the Energy Transition Director at Gunvor Group, and Head of Nyera, the company’s renewables investment vehicle. He joined Gunvor in 2019 as a market analyst for Gunvor’s natural gas desk, one of the largest physical natural gas traders in Europe. He began his career at PricewaterhouseCoopers, […] Read More

Downstream

Gunvor has select investments in consumer fuel retail and distribution, which supports the company’s strategy of owning and investing in assets along the value chain that support core trading operations. Total PARCO Interested in working at Gunvor Group? Read More

Chemical Recycling

Chemical 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 or other products. Unlike traditional mechanical recycling methods that simply melt and remold plastics, chemical recycling involves breaking down polymer chains into their original monomers or transforming them […] Read More

Circular Products

Gunvor is trading circular products to reduce the dependency on virgin fossil resources, to minimize environmental impact, and to reuse the valuable hydrocarbon content present in waste streams.

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Gunvor Group Brochure 2024

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. With strategic investments in industrial infrastructure—refineries, pipelines, storage and terminals—Gunvor further generates sustainable value […]

Gunvor completes acquisition of TotalEnergies shares in Total PARCO in Pakistan

LAHORE (6 December 2024) – Gunvor Group, a leading global commodities trading company, has completed its acquisition of TotalEnergies’ 50% stake in Total PARCO Pakistan Limited (TPPL), after receiving all necessary approvals from relevant authorities and finalizing related agreements. TPPL operated as a 50/50 joint venture between TotalEnergies Marketing and Services and Pak-Arab Refinery Limited (PARCO) in Pakistan, […]

Gunvor secures US $2.265 billion sustainability-linked, multi-currency revolving credit facility

GENEVA – Gunvor Group Ltd (“Gunvor” or the “Group”) has signed a US $2.265 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 and new banking […]

Gunvor closes inaugural US Private Placement at US $378.5 million, significantly oversubscribed

GENEVA – Gunvor Group, one of the largest independent energy commodities trading companies worldwide, has successfully closed its inaugural United States (US) Private Placement, totalling US $378.5 million of senior unsecured notes with US institutional investors placed under Section 4(a)(2) of the Securities Act. The transaction was significantly oversubscribed from the launch amount of US […]

Gunvor USA upsizes Credit Facility to US $2.3 billion

HOUSTON – Gunvor USA LLC, an indirect wholly-owned subsidiary of Gunvor Group Ltd, has successfully closed the syndication of its US $2.34 billion uncommitted borrowing base credit facility. The facility, which benefited from strong oversubscription, includes a US $1.75 billion one-year tranche and a US $584 million two-year tranche, as well as a US $500 […]

Gunvor completes acquisition of 75% stake in Spanish power plant from bp

BILBAO – Gunvor Group (“Gunvor”), a leading global independent energy trading company, has completed the acquisition of a 75% ownership stake in Bahía De Bizkaia Electricidad S.L. (“BBE”), a 785MW combined cycle power plant located in Bilbao, Spain from bp. The deal, announced in December 2023, has been approved by all relevant regulatory bodies, including […]

Power Generation

Gunvor’s investments in power generation complements the company’s strength in natural gas, LNG and its growing power business. Gunvor has an established track record of successfully integrating and aligning industrial assets with its core physical energy trading business. Bahía De Bizkaia Electricidad Bahía De Bizkaia Electricidad Interested in working at one of our facilities? Read More

Gunvor acquires TotalEnergies shares in Total Parco in Pakistan

LAHORE – Gunvor Group, a leading global commodities trading company, has signed an agreement to purchase TotalEnergies’ 50% stake in Total PARCO Pakistan Limited (TPPL). TPPL is a 50/50 joint venture between TotalEnergies Marketing and Services and Pak-Arab Refinery Limited (PARCO) in Pakistan with a retail network of more than 800 service stations, fuel logistics, and lubricants activities. […]