New loan to promote biodiesel trading
Gunvor Group is one of the largest independent commodity trading houses in the world. Now Gunvor has closed a new $540 million credit facility to support biodiesel trading as it adjusts its strategy to promote clean products in line with EU climate targets. This was announced by the company on Friday, 04.12.2020.
Credit Agricole and Rabobank led the transaction. The loan is structured around the company's biofuel assets, including two biofuel processing plants in Spain.