Trafigura Group, a leading commodities trading firm, has successfully acquired Greenergy’s European and Canadian supply businesses from Brookfield Asset Management and its affiliate, Brookfield Business Partners. This strategic move marks a significant expansion for Trafigura in the global fuels market.
Founded in 1992, Greenergy began with a mission to supply diesel with lower emissions. Over the years, it has grown to become one of Europe’s largest biofuel suppliers, operating manufacturing plants in the UK and the Netherlands. Greenergy is also a major distributor of road fuels in the UK, serving a wide range of customers including supermarkets, oil companies, and fuel wholesalers. On an international scale, the company supplies over 15 billion liters of fuel annually and markets its products in Ireland through the Inver Energy and Amber Petroleum brands. In Canada, Greenergy services commercial and wholesale customers via rail-fed terminals in Ontario and British Columbia.
Ben Luckock, Global Head of Oil for Trafigura, expressed enthusiasm about the acquisition, stating, “Our two businesses are highly complementary. By combining our commercial and market expertise, we plan to develop Greenergy’s current business and explore new opportunities that will support the transition to a lower carbon future. Trafigura’s financial strength, strong supply chain expertise, and global customer base should provide a robust platform for Greenergy to accelerate its growth.”
Adam Traeger, Chief Executive Officer of Greenergy, also highlighted the benefits of the acquisition, noting, “The acquisition by Trafigura is an exciting step for Greenergy as we look to accelerate our growth. We are looking forward to working with the Trafigura team to expand our reliable supply of transport fuels and enhance Greenergy’s offer to our customers.”
This acquisition marks a pivotal moment for Trafigura as it continues to strengthen its position in the energy sector and drive forward with its sustainability objectives.
About Greenergy
Greenergy was established in 1992 with a focus on supplying low sulfur fuels. Over its 30-year history, the company has evolved into a key player in the transportation fuels sector. Greenergy is a prominent European manufacturer of biodiesel derived from waste materials, with production facilities in the UK and the Netherlands.
The company also serves the Irish market through the Inver Energy and Amber Petroleum brands and entered the Canadian market in 2013. Greenergy’s operations in Canada include supplying commercial and wholesale customers from its rail-fed terminals in Ontario and British Columbia. The company manages a comprehensive fuel supply chain, including importation, storage, blending, distribution, and stock management for customers.
About Trafigura
Trafigura, founded 30 years ago, is a leading global commodities group owned by its employees. The company connects essential resources to drive global development, leveraging its infrastructure, market expertise, and extensive logistics network. Trafigura facilitates the movement of oil and petroleum products, metals and minerals, gas, and power from production sites to where they are needed. The company is committed to making supply chains more efficient, secure, and sustainable and is investing in renewable energy projects and technologies to support the transition to a low-carbon economy. This includes initiatives through H2Energy Europe and the joint venture Nala Renewables.
The Trafigura Group also encompasses industrial assets and businesses such as multi-metals producer Nyrstar, fuel storage and distribution company Puma Energy, the Impala Terminals joint venture, and now Greenergy. The Group operates in 156 countries and employs over 12,000 people.
Source Trafigura