Energy
Forward
Gunvor creates logistics solutions that safely and efficiently move commodities from where they are sourced and stored to where they are demanded most.
Energy
Forward
Gunvor creates logistics solutions that safely and efficiently move commodities from where they are sourced and stored to where they are demanded most.
Energy
Forward
Gunvor creates logistics solutions that safely and efficiently move commodities from where they are sourced and stored to where they are demanded most.
Energy
Forward
Gunvor creates logistics solutions that safely and efficiently move commodities from where they are sourced and stored to where they are demanded most.
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 2023:
- Revenue: US $127 billion
- Volumes: 177 million MT
- Gross Profit: US $3.248 billion
- Net Profit After Tax: US $1.252 billion
- Equity: US $6.157 billion
Throughout 2023, Gunvor’s focus on advanced analytics and trading systems, and an infusion of new talent and business lines, enabled the Group to effectively navigate normalizing market conditions to deliver the second strongest trading result in the Group’s history, with a net income of $1.252 billion.
Market conditions were broadly less favorable for commodities trading than the previous year. While sanctions-related market dislocations resulting from the war in Ukraine continued, commodities markets struggled with numerous new headwinds, including: a weaker than expected Chinese economy, monetary tightening, a stronger US dollar, and an oil supply cut by OPEC+. The very high price volatility across energy commodities in 2022 gradually decreased over 2023, and prices normalized, particularly in natural gas. By year end, they achieved a level consistent with long-term trends.
Nevertheless, the investments Gunvor has made within the Group in recent years contributed to a strong performance. Gross profit for the year was US $3.248 billion, with after-tax net profit of US $1.252 billion. The result includes US $467 million in provisions taken related to the settlement of the Ecuador case, along with other non-recurring expenses.
Gunvor’s trading performance was broad based, once again across all desks and geographies, with meaningful contributions from the Group’s assets, including refining and shipping, as well as many of the new trading activities Gunvor is developing. The Group’s revenue fell to US $127 billion from US $150 billion the previous year, reflecting the decline in commodities prices; whereas total trading volumes increased to 177 million MT, up from 165 million MT, driven by the growth in new talent and business lines.
With its commitment to retain the majority of its profits in the company, the Group further continued to build its equity position. By year end, it reached a historic high of US $6.157 billion, representing a more than three-fold increase over the last five years. The Group’s strengthened equity allows for greater access to liquidity and the ability to move quickly on trading and investment opportunities as they arise.
Gunvor continued its sustainability journey by further defining targets addressing areas such as carbon footprint, reduction of CO2 emissions in all activities, waste and wastewater management, human rights and improvements to safety. Notably in 2023, Gunvor calculated for the first time the total Scope 3 emissions of the Group’s traded products from production to combustion, with the aim of defining clear carbon intensity for each flow and defining targeted approaches to reduce it. The data will be available in Gunvor’s 2023 Sustainability & Ethics report to be published mid-2024.
Gunvor’s shareholding at year-end stood at 84.21% held by Torbjörn Törnqvist, the majority beneficial owner, with the remaining 15.79% held by the Gunvor Employee Shareplan. There are no outside shareholders or economic interests.
About Gunvor Group
Gunvor is one of the world’s largest independent commodities trading houses by turnover, creating logistics solutions that safely and efficiently move physical energy from where it is sourced and stored to where it is demanded most. Gunvor has strategic investments in industrial infrastructure — refineries, pipelines, storage and terminals — that complement our core trading activity and generate sustainable value across the global supply chain for our customers.
LONDON – Gunvor and Pakistan LNG Limited confirm they have now settled all outstanding legal proceedings on terms satisfactory to all concerned. The parties look forward to continuing to work together. The terms and details of the settlement are subject to confidentiality agreements.
About Gunvor Group
Gunvor is one of the world’s largest independent commodities trading houses by turnover, creating logistics solutions that safely and efficiently move physical energy from where it is sourced and stored to where it is demanded most. Gunvor has strategic investments in industrial infrastructure — refineries, pipelines, storage and terminals — that complement our core trading activity and generate sustainable value across the global supply chain for our customers. The company, which in 2022 generated U.S. $150 billion in revenue on 165 million MT of volumes, is the leading independent global trader of liquefied natural gas (LNG).
HOUSTON & BROWNSVILLE – Texas LNG Brownsville LLC (“Texas LNG”), a four million tonnes per annum (“MTPA”) liquefied natural gas (“LNG”) export terminal to be constructed in the Port of Brownsville, Texas, a subsidiary of Glenfarne Energy Transition, LLC (“Glenfarne”), has signed a Heads of Agreement (“HOA”) with Gunvor Group through its subsidiary Gunvor Singapore Pte Ltd (“Gunvor”) for a 20-year LNG FOB sale and purchase agreement (“SPA”) for 0.5 MTPA of LNG from Texas LNG.
“We’re thrilled to welcome Gunvor to our portfolio of customers, connecting Texas LNG, one of the lowest-emitting liquefaction facilities in the world, with global economies in need of reliable, sustainable energy,” said Brendan Duval, CEO and Founder, Glenfarne Energy Transition and Co-President of Texas LNG.
“With the previously announced commencement of the execution phase of the project financing process, this agreement aligns with our plan to take a final investment decision on Texas LNG this year,” said Vlad Bluzer, Co-President of Texas LNG.
“We are pleased to have executed this agreement and become one of the foundation buyers of the Texas LNG project. Gunvor continues to support US LNG export projects, unlocking new supplies for the global energy market and providing energy security especially to our customers in Europe and Asia” said Kalpesh Patel, Co-Head of LNG Trading of Gunvor.
Today’s news follows Texas LNG’s recently announced LNG tolling agreement with EQT Corporation (“EQT”). Texas LNG also recently announced partnerships with Baker Hughes, ABB and Gulf LNG Tugs of Texas. These partnerships total nearly one billion dollars of investment into the project.
Glenfarne Energy Transition, a developer, owner, and operator of energy transition infrastructure, is the majority owner and managing member of Texas LNG. Texas LNG will achieve financial close and begin construction in 2024 commencing commercial operations in 2028. Glenfarne Energy Transition is also the sole owner and developer of the 8.8 MTPA Magnolia LNG in Lake Charles, Louisiana.
About Texas LNG
Texas LNG is a 4 MTPA LNG export facility to be constructed in the Port of Brownsville, Texas and a subsidiary of global energy transition leader, Glenfarne Energy Transition, LLC. Texas LNG is led by an experienced team committed to creating one of the cleanest, lowest emitting LNG export facilities in the world through electric motor drives. Additional information about Texas LNG may be found on its website at www.texaslng.com
About Glenfarne Energy Transition, LLC
Glenfarne Energy Transition is a wholly owned subsidiary of Glenfarne Group, a privately held energy and infrastructure development and management firm based in New York City and Houston, Texas, with offices in Dallas, Texas; Panama City, Panama; Santiago, Chile; Bogota, Colombia; Barcelona, Spain; and Seoul, South Korea. Glenfarne Energy Transition aims to address the “here and now” global energy transition through three core businesses: Global LNG Solutions, Renewables, and Grid Stability. The company’s seasoned executives, asset managers, and operators develop, acquire, manage, and operate energy infrastructure assets throughout North and South America. For more information, please visit www.GlenfarneEnergyTransition.com
About Gunvor Group
Gunvor is one of the world’s largest independent commodities trading houses by turnover, creating logistics solutions that safely and efficiently move physical energy from where it is sourced and stored to where it is demanded most. Gunvor has strategic investments in industrial infrastructure — refineries, pipelines, storage and terminals — that complement our core trading activity and generate sustainable value across the global supply chain for our customers. The company, which in 2022 generated U.S. $150 billion in revenue on 165 million MT of volumes, is the leading independent global trader of liquefied natural gas (LNG).
OKLAHOMA CITY – Chesapeake Energy Corporation (NASDAQ: CHK, together with certain of its subsidiaries, collectively, “Chesapeake”), Delfin LNG LLC (“Delfin”) and Gunvor Group Ltd, through Gunvor Singapore Pte Ltd (“Gunvor”), today announced the entrance into a liquefied natural gas (LNG) export deal that includes executed Sales and Purchase Agreements (“SPA”) for long-term liquefaction offtake.
Under the SPA, Chesapeake will purchase approximately 0.5 million tonnes (“mtpa”) of LNG per annum from Delfin at a Henry Hub price and contract targeted start date in 2028 then deliver to Gunvor on an FOB basis with the sales price linked to the Japan Korea Marker (“JKM”) for a period of 20 years. These volumes will represent 0.5 mtpa of the previously announced up to 2 mtpa HOA with Gunvor.
Nick Dell’Osso, Chesapeake President and CEO, said, “Today’s announcement cements an important step on our path to ‘Be LNG Ready’ and is further recognition of the depth of our portfolio and strength of our financial position. We are pleased to formalize our agreement which provides diversification and access to global LNG pricing while enabling the delivery of affordable, reliable, lower carbon energy to markets in need.”
Dudley Poston, Delfin CEO, said: “We are excited to partner with a premier company like Chesapeake. We believe our unique liquefaction solution provides Chesapeake with commercial flexibility with a reduced environmental footprint, while providing a much-needed source of additional supply to key US allies and the global LNG market.”
Kalpesh Patel, Co-Head of LNG Trading and a member of the Executive Committee of Gunvor, said, “This deal represents an important step in finalizing the 0.5 mtpa out of our total of 2.0 mtpa arrangement with Chesapeake, while expanding our existing cooperation with Delfin. We continue to provide reliable and competitive logistics services to our partners by utilizing our fleet consisting of vessels procured via term charters and equity ownership. Gunvor looks forward to establishing additional agreements with the companies in the near future.”
About Chesapeake
Headquartered in Oklahoma City, Chesapeake Energy Corporation (NASDAQ:CHK) is powered by dedicated and innovative employees who are focused on discovering and responsibly developing leading positions in top U.S. oil and gas plays. With a goal to achieve net zero GHG emissions (Scope 1 and 2) by 2035, Chesapeake is committed to safely answering the call for affordable, reliable, lower carbon energy.
About Delfin
Delfin is a leading LNG export infrastructure development company utilizing low-cost Floating LNG technology solutions. Delfin is the parent company of Delfin LNG LLC (“Delfin LNG”) and Avocet LNG LLC. Delfin LNG is a brownfield Deepwater Port requiring minimal additional infrastructure investment to support up to four FLNG Vessels producing up to 13 million tonnes of LNG per annum. Delfin purchased the UTOS pipeline, the largest natural gas pipeline in the Gulf of Mexico. Delfin LNG received a positive Record of Decision from MARAD and approval from the Department of Energy for long-term exports of LNG to countries that do not have a Free Trade Agreement with the United States. Further information is available at www.delfinmidstream.com.
About Gunvor Group
Gunvor is one of the world’s largest independent commodities trading houses by turnover, creating logistics solutions that safely and efficiently move physical energy from where it is sourced and stored to where it is demanded most. Gunvor has strategic investments in industrial infrastructure — refineries, pipelines, storage and terminals — that complement our core trading activity and generate sustainable value across the global supply chain for our customers. The company, which in 2021 generated U.S. $135 billion in revenue on 240 million MT of volumes, is the leading independent global trader of liquefied natural gas (LNG).
Forward-Looking Statements
This release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements are statements other than statements of historical fact and include, but are not limited to, our ability to “Be LNG Ready” and to provide diversification and access to global LNG pricing while delivering affordable, reliable, lower carbon energy to markets in need. Forward-looking statements often address our expected future business, financial performance and financial condition, and often contain words such as “expect,” “could,” “may,” “anticipate,” “intend,” “plan,” “ability,” “believe,” “seek,” “see,” “will,” “would,” “estimate,” “forecast,” “target,” “guidance,” “outlook,” “opportunity” or “strategy.” Although we believe the expectations and forecasts reflected in our forward-looking statements are reasonable, they are inherently subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond our control. No assurance can be given that such forward-looking statements will be correct or achieved or that the assumptions are accurate or will not change over time.
Factors that could cause our actual results to differ materially from expected results include those described under “Risk Factors” in Item 1A of our annual report on Form 10-K and any updates to those factors set forth in Chesapeake’s subsequent quarterly reports on Form 10-Q or current reports on Form 8-K which are available on its website at http://investors.chk.com. These risk factors include: the impact of inflation and commodity price volatility resulting from instability in Europe and the Middle East, COVID-19 and related supply chain constraints, and the impact of each on our business, financial condition, results of operations and cash flows.
We caution you not to place undue reliance on the forward-looking statements contained in this release which speak only as of the date of this release, and we undertake no obligation to update this information, except as required by applicable law. We urge you to carefully review and consider the disclosures in this release and our filings with the SEC.
GENEVA – Gunvor Group, a leading global physical energy trading company, has closed a EUR 400 million, 5-year term loan (the “Facility”) guaranteed by SACE, the Italian Export Credit Agency (“ECA”) with UniCredit acting as Global Coordinator. The goal of the Facility is to support Italian industry by securing natural gas and liquefied natural gas (LNG) supplies while promoting the export of Italy’s goods and services. Gunvor is a leading global trader of LNG, and one of the largest physical natural gas traders in Europe.
“Gunvor is pleased to support SACE’s push strategy by helping secure energy supplies to the country and having the opportunity to further grow the business with Italian customers and suppliers,” said Jeff Webster, Gunvor Group Chief Financial Officer.
“In times of unprecedented complexity, the need for innovative business support mechanisms becomes crucial. We take pride in this operation, which, as part of our Push Strategy, aids Italian companies in exploring new markets while facilitating access to relevant energy supplies,” stated Ciro Aquino Regional Manager Middle East – Head of Dubai Office SACE. The support of strategic imports represents a new and timely initiative by SACE, aligned with the objectives of the INSIEME 2025 Industrial Plan. Its goal is to improve the resilience of the national economic landscape, relaunch the competitiveness of companies in global markets, and consolidate growth within domestic markets.
“UniCredit is proud to arrange and coordinate this Facility, which marks a significant step in bolstering gas security across Europe. Its role as a novel facility type for commodity traders underscores our commitment to ensuring reliable energy supplies while innovating trade finance strategies in an ever-evolving energy landscape,” said Stefan Koller, Global Head of Asset Based Financing at UniCredit.
UniCredit Bank AG acted as Global Coordinator, Bookrunner, Documentation Agent and is the Facility Agent. Crédit Agricole Corporate And Investment Bank, DZ Bank AG Deutsche Zentral-Genossenschaftsbank, Frankfurt Am Main, ING Bank N.V. and Unicredit Bank AG act as Mandated Lead Arrangers and Erste Group Bank AG acts as Lead Arranger for the Facility.
Clifford Chance, as Legal Counsel to SACE and UniCredit, contributed to finalising the transaction.
About Gunvor Group
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 from where it is sourced and stored to where it is demanded most. With strategic investments in energy infrastructure—refineries, pipelines, storage and terminals —Gunvor further generates sustainable value across the global supply chain for its customers. In 2022, Gunvor Group generated US $150 billion in revenue on 165 million metric tons of turnover. The Group’s main trading offices are in Geneva, Singapore, Houston, Stamford, Calgary, Dubai, and London, with a network of more than 20 representative and other trading offices around the globe. More information can be found at GunvorGroup.com or @Gunvor.
GENEVA – Gunvor Group (“Gunvor” or the “Group”), one of the largest independent commodities trading companies in the world, successfully refinanced its 3-year Yen-denominated Sustainability-Linked Term Loan (the “Samurai” loan) for a total amount of JPY 49.1 billion. The facility was significantly oversubscribed and Gunvor was able to increase the facility from the original debut facility amount of JPY 27 billion. Sixteen institutions participated in the syndicated facility.
In line with its 2023 European Revolving Credit Facility and for the first time for its Samurai financing, the facility is structured as a Sustainability-Linked Loan and includes 4 KPIs supporting the Group’s strong commitment to improve the environmental impact of its trading operations and to invest in sustainable commodities and businesses.
The KPIs relate to the reduction of Scope 1 and 2 Greenhouse Gas (“GHG”) emissions; reduction of Scope 3 GHG emissions associated with the improvement of energy efficiency of the shipping fleet; the investment in non-fossil fuel projects; and the assessment of the Group’s assets, JVs, and suppliers against Human Rights principles. Each KPI is annually tested and externally verified in line with LMA Sustainability-Linked Loan Principles, and a margin discount or premium will apply depending on the achievement of the annual targets.
“We are very pleased with the outcome of our Samurai loan refinancing and the support we received from our Japanese financial partners,” said Jeff Webster, Chief Financial Officer, Gunvor Group. “The increase in the facility affirms the market’s clear support for Gunvor’s strategy and our ESG commitments, which are now embedded in this transaction.”
- Mizuho Bank, Ltd., MUFG Bank, Ltd., and SMBC Bank International, PLC acted as Joint Active Bookrunners & Mandated Lead Arrangers
- China Construction Bank Corporation and The Gunma Bank, Ltd. Acted as Mandated Lead Arrangers
- Mizuho Bank, Ltd., acted as Roadshow Coordinator
- MUFG Bank, Ltd., acted as Documentation Agent and Facility Agent
- SMBC Bank International, PLC acted as Sustainability Coordinator
About Gunvor Group
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 from where it is sourced and stored to where it is demanded most. With strategic investments in energy infrastructure—refineries, pipelines, storage and terminals —Gunvor further generates sustainable value across the global supply chain for its customers. In 2022, Gunvor Group generated US $150 billion in revenue on 165 million metric tons of turnover. The Group’s main trading offices are in Geneva, Singapore, Houston, Stamford, Calgary, Dubai, and London, with a network of more than 20 representative and other trading offices around the globe. More information can be found at GunvorGroup.com or @Gunvor.
【ジュネーブ (2023年12月12日) 】 世界最大級の独立系コモディティ商社であるGunvor Group (以下「Gunvor」または「グループ」) は、総額491億円となる3年円建てのサステナビリティ・リンク・タームローン (以下「本サムライローン」)の契約を成功裏に締結しました。本サムライローンには募集金額を大幅に上回る応募があり、2021年に組成されたGunvor初のサムライローン(金額270億円)から大幅に金額を増やすことができました。本サムライローンには16もの投資家が参加しました。
本サムライローンは、2023年に欧州地域で締結したリボルビングクレジットファシリティと同様に、また、グループのサムライローンとしては初めてとなるサステナビリティ・リンク・ローンとして組成されており、トレーディング業務の環境への影響を改善し、サステナブルな商品や事業に投資するというグループの強力な取り組みをサポートする4つのKPIが含まれています。
KPIは、スコープ1およびスコープ2の温室効果ガス (GHG) 排出量の削減、船舶のエネルギー効率向上に伴うスコープ3のGHG排出量の削減、非化石燃料プロジェクトへの投資、そして人権原則に対するグループの資産、JV、サプライヤーの評価に関連しています。各KPIは、LMAサステナビリティ・リンク・ローン原則に沿って毎年テストおよび外部検証され、年間目標の達成に応じて金利マージンの割引またはプレミアムが適用されます。
「当社は、本サムライローンの結果と日本の財務パートナーから受けたサポートを非常に嬉しく思っております。募集金額を上回る本サムライローンの締結は、Gunvorの戦略と当社のESGコミットメントに対する市場の明確な支持を裏付けるものであります。」とグループの最高財務責任者Jeff Webster氏は述べています。
- みずほ銀行、三菱UFJ銀行、及びSMBC Bank International PLCは、共同アクティブ・ブックランナーおよびマンデートリードアレンジャーを務めました。
- 中国建設銀行、群馬銀行がマンデートリードアレンジャーを務めました。
- みずほ銀行がロードショーコーディネーターを務めました。
- 三菱UFJ銀行、ドキュメント・エージェントおよびファシリティ・エージェントを務めました。
- SMBC Bank International, PLCがサステナビリティ・コーディネーターを務めました。
MADRID – Gunvor Group (“Gunvor”), a leading global independent energy trading company, will acquire from bp Gas Marketing Limited (“bpGM”) a 75% ownership stake in Bahía De Bizkaia Electricidad S.L. (“BBE”), a 785MW combined cycle power plant located in Bilbao, Spain.
The deal, which remains subject to customary regulatory approvals and closing conditions, represents Gunvor’s first investment in a power generation asset, while expanding its commitment to developing Spain’s energy sector.
“We are truly excited at this landmark acquisition in a new asset class for our company,” said Shahb Richyal, Gunvor’s Global Head of Portfolio. “BBE also represents an important step as we continue to expand our presence in gas and power trading. We look forward to welcoming BBE’s team into Gunvor’s growing global family.”
Remarking on the deal, Andrés Guevara, Head of Country for bp in Spain, said “This decision reflects bp’s strategy of transforming from an International Oil Company (IOC) into an Integrated Energy Company (IEC) that aims to become net zero by 2050 or sooner. We remain committed to this transformation in Spain, a key market for the bp group, as we reorient our investments towards transition growth engines such as EV charging, bio energy, renewable power and hydrogen.”
Gunvor’s purchase of the stake in BBE builds upon its’ existing investments in two biofuel plants located in Huelva and Álava. Along with a marketing and trading office in Madrid, Gunvor today has more than 100 employees in the country. Gunvor intends to retain BBE’s current employees and management.
“Gunvor has an established track record of successfully integrating and aligning industrial assets with our core physical energy trading business,” said Aldo Della Valle, Head of European Gas & Power Trading. “With BBE, we hope to similarly align our trading in natural gas/LNG and power with the plant, so that it continues to contribute positively to Spain’s economy over the long-term, while upholding our energy transition priorities.”
As a key player in the global energy markets, Gunvor is working to ensure its place in a world that effectively reconciles affordable energy and economic development with the imperative to achieve net-zero emissions to combat climate change. Gunvor has committed to reducing our Scope 1 and 2 emissions by 40% by 2025, while also tracking and reporting our Scope 3 emissions. BBE will be integrated into Gunvor’s path to ensuring a sustainable and responsible energy future.
The sale is expected to be completed in the first quarter of 2024, and over the coming months bp, BBE and Gunvor will work to deliver the safety and success of the transition process. The terms of the deal have not been disclosed.
About Gunvor Group
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 from where it is sourced and stored to where it is demanded most. With strategic investments in energy infrastructure—refineries, pipelines, storage and terminals —Gunvor further generates sustainable value across the global supply chain for its customers. In 2022, Gunvor Group generated US $150 billion in revenue on 165 million metric tons of turnover. The Group’s main trading offices are in Geneva, Singapore, Houston, Stamford, Calgary, Dubai, and London, with a network of more than 20 representative and other trading offices around the globe. More information can be found at GunvorGroup.com or @Gunvor.
MADRID – El Grupo Gunvor (“Gunvor”), una empresa líder mundial de comercialización de energía independiente, adquirirá de bp Gas Marketing Limited (bpGM) una participación del 75 % en Bahía de Bizkaia Electricidad S.L. (“BBE”), una central eléctrica de ciclo combinado de 785MW ubicada en Bilbao, España.
El acuerdo, que sigue sujeto a las aprobaciones regulatorias habituales y a las condiciones de cierre de la transacción, representa la primera inversión de Gunvor en un activo de generación de electricidad, al tiempo que amplía su compromiso con el desarrollo del sector energético de España.
“Estamos realmente entusiasmados con esta importante adquisición de una nueva clase de activos para nuestra empresa”, dijo Shahb Richyal, Director Global de Cartera de Gunvor. “BBE también representa un paso importante en la expansión de nuestra presencia en la comercialización de gas y electricidad. Esperamos dar la bienvenida al equipo de BBE a la creciente familia global de Gunvor”.
En cuanto al acuerdo, Andrés Guevara, Presidente de bp en España, ha declarado: “Esta decisión refleja la estrategia de bp de transformarse de una Compañía Internacional de Petróleo (IOC) en una Compañía Energía Integrada (IEC) que tiene como objetivo alcanzar las cero emisiones netas para 2050 o antes. Seguimos comprometidos con esta transformación en España, un mercado clave para el grupo bp, a medida que reorientamos nuestras inversiones hacia lo que denominamos motores de crecimiento de transición como la infraestructura de recarga de vehículos eléctricos, la bioenergía, la energía renovable y el hidrógeno verde.”
La compra por parte de Gunvor de la participación en BBE pasará a formar parte de su cartera de inversiones existentes en España, consistente en dos plantas de biocombustible ubicadas en Huelva y Álava. Junto con una oficina de trading y comercialización en Madrid, Gunvor cuenta hoy con más de 100 empleados en el país. Gunvor tiene la intención de mantener a los empleados y directivos actuales de BBE.
“Gunvor cuenta con un historial probado de integración y alineación exitosa de activos industriales con su negocio principal de comercialización de energía física”, dijo Aldo Della Valle, Director de Comercialización de Gas y Electricidad para Europa. “Con BBE, esperamos alinear de forma similar nuestras operaciones de gas natural/GNL y electricidad con la planta, para que continúe contribuyendo positivamente a la economía española a largo plazo, manteniendo nuestras prioridades de transición energética”.
Como actor clave en los mercados energéticos mundiales, Gunvor está trabajando para garantizar su lugar en un mundo que concilie de forma eficaz la energía asequible y el desarrollo económico con el imperativo de lograr cero emisiones netas para combatir el cambio climático. Gunvor se ha comprometido a reducir sus emisiones de Alcance 1 y 2 en un 40 % para 2025, al tiempo que realiza un seguimiento y reporta sus emisiones de Alcance 3. BBE se integrará en el objetivo de Gunvor de garantizar un futuro energético sostenible y responsable.
Se espera que la venta se complete en el primer trimestre de 2024, y durante los próximos meses bp, BBE y Gunvor trabajarán para conseguir que el proceso de transición se complete satisfactoriamente y de forma segura. Los términos del acuerdo no se han revelado.
Más información sobre Gunvor
El Grupo Gunvor, del que fui fundador en el año 2000, es hoy un líder de mercado global en la compraventa, almacenamiento, transporte y optimización de petróleo, gas natural, electricidad y otros productos energéticos. En 2022, Gunvor negoció 165 millones de toneladas de commodities energéticas y generó unos ingresos de 150.000 millones de dólares. A fecha de junio de 2023, Gunvor tiene un patrimonio neto de 6.000 millones de dólares y activos totales por más de 24.000 millones de dólares. Nuestra mayor oficina comercial, en la que yo estoy localizado, se encuentra en Ginebra (Suiza). También tenemos oficinas en Singapur, Londres, Dubái, Shanghái, Stamford y Houston, así presencia en al menos otros 20 países.
La presencia de Gunvor en España ha ido creciendo desde 2019, cuando invertimos en dos plantas de biodiesel en Huelva y Álava. Ambas plantas están completamente integradas en nuestro negocio global de biodiesel, que es uno de los líderes en el mercado europeo. Estas plantas forman parte del firme compromiso de Gunvor con la transición energética y por ello hemos invertido ya más de 40 millones de euros en su desarrollo.
Para complementar la actividad de nuestras plantas de biodiesel, Gunvor abrió también en 2019 una oficina de marketing y trading en Madrid, que ha expandido su actividad más allá de los biocombustibles a otros productos energéticos, como el gas y la electricidad. En total Gunvor emplea a más de 100 personas en el país y somos responsables de centenares de empleos indirectos en las comunidades donde operamos. Tras la adquisición de BBE esperamos alinear de forma similar nuestras operaciones y prioridades con la Compañía de manera que continúe contribuyendo positivamente a la economía española a largo plazo. Nuestro propósito es mantener el actual equipo de dirección y los empleados.
Gunvor Group Results 2023
Gunvor and Pakistan LNG Limited settle all outstanding legal proceedings
Glenfarne Energy Transition’s Texas LNG Announces LNG Offtake Agreement with Gunvor Group
Chesapeake Energy Corporation, Delfin LNG and Gunvor sign long-term LNG liquefaction offtake agreement indexed to JKM
Industry-Leading Compliance
Gunvor closes new EUR 400 million facility backed by Italy’s SACE
Gunvor successfully closes sustainability-linked Samurai loan
Gunvor acquires majority stake in Spanish power plant from bp
Since 2000, Gunvor has annually allocated a portion of net profit to charitable activities. The Gunvor Foundation was established to formalize the structure and direction of these philanthropic programs.