Trafigura to acquire Greenergy

As one of Europe’s largest suppliers of biofuels, the purchase will enable Trafigura to strengthen its fuel supply operations across the continent.

Trafigura Group will acquire Greenergy’s European business from Brookfield Asset Management.

The UK-based supplier of road fuels and major biodiesel producer was initially founded in 1992 to supply diesel with lower emissions. Today, the company is one of Europe’s largest suppliers of biofuels with manufacturing plants in the UK and the Netherlands and a leading distributor of road fuels in the UK.

“As Europe transitions to a lower carbon future and the refining industry adapts to changing market dynamics, companies like Greenergy become increasingly important,” said Ben Luckock, Global Head of Oil at Trafigura.

This acquisition will let Trafigura strengthen its fuel supply operations in Europe and to add the physical production and distribution of renewable fuels to its biofuels business.

“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,” stated Christian Flach, Chief Executive at Greenergy.

Post acquisition, the company will continue to be led by its current management team.