Singapore & London, 8 May 2024 - Trafigura Group Pte Ltd and Greenergy, today announce that Trafigura has expanded its agreement with Brookfield Asset Management and its listed affiliate Brookfield Business Partners to include Greenergy’s Canadian supply operations for an undisclosed sum. This complements Trafigura’s proposed acquisition of Greenergy’s European operations announced on 4 March 2024. The acquisitions are subject to customary closing conditions and regulatory approvals.
Founded in 1992 to supply diesel with lower emissions, Greenergy is today one of Europe’s largest suppliers of biofuels with manufacturing plants in the UK and the Netherlands and a leading distributor of road fuels in the UK. Greenergy entered the Canadian market in 2013, and supplies commercial and wholesale customers with a range of road fuels including higher percentage biodiesel blends from its rail-fed terminals in Ontario and British Columbia.
Ben Luckock, Global Head of Oil at Trafigura, said: “Greenergy’s Canadian business has strong commercial synergies with our global distillates, gasoline and biofuels business and our well-established commercial relationships across North America.”
Christian Flach, Greenergy CEO said: “Following the earlier announcement of Trafigura’s proposed acquisition of Greenergy’s European operations, we are delighted to now include our Canadian supply operations as part of the transaction. Trafigura’s financial strength will provide us with a robust platform for growth across Canada, helping us to expand our infrastructure facilities in strategic locations, bringing road fuels closer to our customers.”
About Trafigura
Trafigura is a leading commodities group, owned by its employees and founded 30 years ago. At the heart of global supply, Trafigura connects vital resources to power and build the world. We deploy infrastructure, market expertise and our worldwide logistics network to move oil and petroleum products, metals and minerals, gas and power from where they are produced to where they are needed, forming strong relationships that make supply chains more efficient, secure and sustainable. We invest in renewable energy projects and technologies to facilitate the transition to a low-carbon economy, including through H2Energy Europe and joint venture Nala Renewables.
The Trafigura Group also comprises industrial assets and operating businesses including multi-metals producer Nyrstar, fuel storage and distribution company Puma Energy, and our Impala Terminals joint venture. The Group employs over 12,000 people and is active in 156 countries.
About Greenergy
In business for over 30 years, Greenergy is an established supplier and distributor of transportation fuels. Supplying around a quarter of the UK’s road fuels, Greenergy is also a leading European manufacturer of biodiesel from wastes, operating plants in the UK and the Netherlands.
Internationally, Greenergy supplies over 14 billion litres of fuel annually to supermarkets, oil companies, fuel wholesalers and retail and commercial customers. It manages fuel supply chains from refinery gates to customer sites – importing, storing, blending and distributing fuel and managing stock levels for customers.
Greenergy also markets in Ireland through the Inver Energy and Amber Petroleum brands.
