Trafigura returns to petrochemical trading

: Petrochemicals
19/04/17

Commodity trading company Trafigura has set up a new joint venture to trade petrochemicals, five years after it scaled back its presence in the sector.

The new venture, which will focus on bulk liquid chemicals, includes senior petrochemical industry executives and a team from global trading and logistics company Altis. It will have operations in Houston, covering the US markets, and in Singapore with a branch office in Geneva.

Trafigura previously closed its dedicated petrochemical trading operations in 2014 with the shutdown of its trading desks in Singapore, Europe and the US. It remained involved in the aromatics trading market through its gasoline and naphtha teams.

Petrochemicals was never a core business for the company, which is a major trader of oil, products, metals and minerals. But the petrochemical market is expected grow over the next few years and the "time is right" to explore its potential, Trafigura said today.

Trafigura's head of gasoline trading Chris Clarkson and Tom Jay, former head of the company's deals desk for refined metals, bulk and concentrate, will be on the board of the new venture.

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25/05/09

EU consults on tariffs for €95bn US imports

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Chemicals, polymers part of EU tariff consultation

25/05/08

Chemicals, polymers part of EU tariff consultation

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Shell to buy Freepoint pyrolysis oil in US: Update

25/05/08

Shell to buy Freepoint pyrolysis oil in US: Update

Adds Freepoint comment in second paragraph Houston, 8 May (Argus) — Freepoint Eco-Systems has agreed to provide Shell's polymer plant in Pennsylvania with "a steady supply" of pyrolysis oil produced in Hebron, Ohio, from chemically recycled plastic waste. Under the "landmark agreement", oil will be shipped to Shell's polymer plant in Monaca, Pennsylvania, where it will be used to make plastic, the company said. Shell under the deal is entitled to the Hebron plant's production capacity of 130mn lb/yr, Freepoint said Thursday. Freepoint's Hebron plant is still in its commissioning phase, but the company expects to produce up to its full capacity of pyrolysis oil upon completion later this year. Pyrolysis uses high heat to break down waste plastic into feedstocks that can be used to make virgin-like plastic material. Shell said the agreement reflected its commitment to increasing the circularity of plastics in its portfolio. On 22 April, Freepoint sent its first railcar of pyrolysis oil to Shell's plant in Norco, Louisiana. By Zach Kluver Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

Shell to buy Freepoint pyrolysis oil for Penn. plant

25/05/08

Shell to buy Freepoint pyrolysis oil for Penn. plant

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India, Saudi Arabia plan two Indian refineries

25/05/07

India, Saudi Arabia plan two Indian refineries

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