Trafigura acquires NW European biofuel supplier

Greenergy has expanded to become one of Europe’s largest suppliers of biofuels with manufacturing plants in the UK and the Netherlands. The company occupies a leading position in the UK road fuel distribution market. Greenergy’s European business is being purchased from current owner Brookfield Asset Management and its listed affiliate Brookfield Business Partners for an undisclosed sum.

Trafigura noted that the company, which will continue to be led by its current management team, will explore opportunities for expansion into new markets and products.

Ben Luckock, Global Head of Oil at Trafigura, said: “As Europe transitions to a lower carbon future and the refining industry adapts to changing market dynamics, companies like Greenergy become increasingly important. This acquisition represents a major expansion of our existing biofuels and fuel supply capabilities, adding Greenergy’s production and distribution expertise and supporting customers’ transition to cleaner, more sustainable fuel options.” 

Christian Flach, Chief Executive of Greenergy, said: “Trafigura brings additional understanding of global supply chains and energy markets and a track record of investing in renewables. This will further enhance our offer to customers through the energy transition and beyond.”