Commodities Trader Trafigura to Grow Biodiesel, Fuel Retail With Greenergy Deal
- Assets include 3 biofuel production sites in UK, Netherlands
- Trafigura traded 1 million tons of biofuels last year
Fuel storage silos on the Thames estuary shoreline in Thurrock, UK.
Photographer: Chris Ratcliffe/BLoomberg
This article is for subscribers only.
Commodity trading house Trafigura Group agreed to buy the European business of biodiesel producer and fuel supplier Greenergy from Brookfield Asset Management.
The world’s biggest commodity traders are funneling bumper profits from recent volatility in energy markets into assets that may benefit from a Western transition away from fossil fuels. They are also expanding their conventional energy distribution assets such as storage terminals, refineries and fuel stations.