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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 MoreChemical 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
Akaysha Energy and Gunvor Group Sign Landmark Offtake Agreement for Australian Large Scale Battery Storage
Brisbane, Australia – Akaysha Energy, a market leader in large-scale battery energy storage systems (BESS), and Gunvor Group a global energy powerhouse, are pleased to announce a long term Offtake Agreement for Akaysha’s large scale Battery Energy Storage System (BESS), in Brendale, Queensland. The risk-hedging offtake product, known as a Battery Revenue Swap Agreement, […]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.
Read MoreGunvor Group Brochure 2025
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 Chairman honored with Aramco Trading “New Silk Road CEO of the Year Award” 2024
FUJAIRAH – Gunvor Group Co-founder and Chairman, Torbjörn Törnqvist, has been honored with the Aramco Trading “New Silk Road CEO of the Year Award” 2024, given on the occasion of the 12th Fujairah Energy Markets Forum. Held under the patronnage of His Highness Sheikh Hamad Bin Mohammed Al Sharqi, Supreme Council Member and Ruler of […]
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. […]
Gunvor joins VARO to jointly develop large-scale Sustainable Aviation Fuel (SAF) manufacturing facility
ZUG / GENEVA – Gunvor Group (“Gunvor”) will join VARO Energy (“VARO”) in building a large-scale SAF manufacturing facility at the Gunvor Energy Rotterdam site through a proposed joint venture. Since VARO announced on September 7, 2023 its intention to build a large scale SAF facility as a sole owner with total feedstock capacity of […]
Gunvor secures US $1.32 billion sustainability-linked syndicated RCF with over-subscription and accordion
SINGAPORE – Gunvor Singapore Pte. Ltd. (the “Borrower”), a wholly-owned subsidiary of Gunvor Group Ltd (“Gunvor” or the “Group”), has closed a US $1.2 billion sustainability-linked, syndicated revolving credit facility (“RCF” or “Facility”) on 14 June 2024. The Facility, which was launched initially at US $750 million in April 2024, benefited from strong support from […]Singapore Tax Governance Framework
Compliance with Tax Laws • We endeavour to comply with all relevant tax laws and regulations. • Our business is driven by genuine commercial and economic activities. We are aware of the importance of ensuring any tax planning opportunities are carried out within the ambit of tax laws. Relationship with Tax Authorities • We […] Read More
Gunvor and Quercus announce landmark solar development partnership in Italy
Gunvor Group and Quercus Real Assets Limited announce partnership that targets the development of up to 3 gigawatts of solar photovoltaic capacity in Italy.