Sector News

Trafigura, Altis form joint venture for bulk liquid chemicals trading

April 18, 2019
Chemical Value Chain

Trafigura and Houston-based trading and logistics firm Altis International have formed a joint venture for petrochemicals to be focused on bulk liquid chemicals, the Switzerland-headquartered commodities trading major said on Wednesday.

Financial details were not disclosed.

Trafigura is one of the largest commodities trading firms. Earlier this week, it announced it is to become the owner of Belgium-headquartered mining major Nystar.

Altis is a global trading and logistics company focused on the trade of bulk liquid chemicals.

The joint venture will include two new trading entities, the already existing Altis Group International for the US, based in Houston, and Altis International, based in Geneva and which will have a branch office in Geneva.

Trafigura senior managers Chris Clarkson, head of gasoline Trading and Tom Jay, who until recently headed the deals desk for refined metals, bulk and concentrates, will join the boards of the new venture.

“The market for petrochemicals is expected to grow significantly over the next few years, with Altis well placed to capture a share of this market by bringing an experienced team combined with Trafigura’s global footprint, resources and infrastructure to connect buyers with sellers,” Jay said.

Source: ICIS News

comments closed

Related News

October 23, 2021

INEOS to take leading role in the hydrogen revolution with launch of hydrogen campaign

Chemical Value Chain

INEOS, Europe’s biggest operator of electrolysis needed to produce clean, low carbon hydrogen, has doubled down on its €2 billion investment in green hydrogen with the launch of a hydrogen advocacy campaign. The campaign kicked off with the publication of a powerful editorial in the Sunday Telegraph on the hydrogen economy written by Sir Jim Ratcliffe, INEOS’s founder and chairman.

October 23, 2021

Vertellus completes acquisition of IM Chemicals

Chemical Value Chain

Vertellus, a manufacturer of specialty products for consumer goods, food & agriculture, healthcare, and industrial markets, today announced the completion of its acquisition of IM Chemicals. With the addition of IM Chemicals, Vertellus expands its specialty ingredients portfolio into new markets and bolsters its manufacturing capabilities in Europe.

October 23, 2021

Johnson Matthey announces research project aimed at catalytic reduction if dairy methane emissions

Chemical Value Chain

A new collaboration between scientists, engineers, industry and farming experts hopes to demonstrate how clever technology can reduce the powerful greenhouse gases released by livestock to help agriculture reach carbon emissions targets.

Send this to a friend