Trafigura Group Pte Ltd has officially completed the acquisition of Greenergy’s European and Canadian supply businesses from Brookfield Asset Management and its affiliate, Brookfield Business Partners. Greenergy, a UK-based supplier of road fuels and a prominent European biodiesel producer, was established in 1992 to provide lower-emission diesel. Today, it stands as one of Europe’s largest biofuels suppliers, operating manufacturing plants in the UK and the Netherlands, and is a leading distributor of road fuels within the UK. The company supplies over 15 billion litres of fuel annually to supermarkets, oil companies, fuel wholesalers, and both retail and commercial customers. In Ireland, Greenergy operates under the Inver Energy and Amber Petroleum brands, while in Canada, it serves commercial and wholesale clients from rail-fed terminals located in Ontario and British Columbia.
Ben Luckock, the global head of oil for Trafigura, expressed that the two companies are highly complementary and that by combining their commercial and market expertise, they intend to develop Greenergy’s existing business and explore new opportunities that will facilitate the transition to a lower carbon future. He emphasised that Trafigura’s financial strength, supply chain expertise, and extensive global customer base would provide a solid foundation for Greenergy’s growth.
Adam Traeger, the chief executive officer of Greenergy, noted that the acquisition represents an exciting opportunity for the company to accelerate its growth. He looks forward to collaborating with the Trafigura team to enhance the supply of transport fuels and improve Greenergy’s offerings to its customers.
For more information visit www.trafigura.com
