Trafigura to acquire Greenergy’s Canadian operations

Trafigura Group and Greenergy announced May 8 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 in March.

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 U.K. and the Netherlands and a leading distributor of road fuels in the U.K.

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.

“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,” said Ben Luckock, Trafigura’s global head of oil.

Greenergy CEO Christian Flach added, “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.”

Trafigura is a leading commodities group owned by its employees and founded 30 years ago.

The group employs over 12,000 people and is active in 156 countries.

Greenergy supplies over 14 billion liters (3.7 billion gallons) of fuel annually to supermarkets, oil companies, fuel wholesalers and retail and commercial customers internationally.

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.