Gunvor has agreed to acquire half of Varo Energy’s $600mn Dutch biofuel project in the latest sign of Europe’s privately held commodity traders diversifying after two years of record profits.
The Swiss group, which owns two biofuel plants, is stepping up its bet on the renewable fuel despite lower than expected growth in demand for the product.
Shell and BP both paused the development of European biofuel plants last month, while shares in Neste, a Finnish biofuels specialist, have fallen by almost half this year.
您已阅读13%（516字），剩余87%（3370字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。