Greenergy
{{short description|British distributor and blender of petrol, diesel and jetfuel}}
{{Refimprove|date=January 2015}}
{{Infobox company
| name = Greenergy International Ltd.
| logo = Greenergy logo.png
| type = Private. Limited company
| slogan =
| foundation = 1992
| predecessor =
| location = 198 High Holborn, London
| key_people = Andrew Owens, Chief executive
| industry = Fuel distribution
| area_served = United Kingdom, Ireland, Canada and Brazil
| products =
| Group turnover =
| revenue = {{decrease}} £15.92 billion (2019)https://www.greenergy.com/annual-reports#accept-cookies. 2019 Annual Report. Retrieved 12 November 2022.
US$21.1 billion
| operating_income = {{increase}} £76.8 million (2019)
| profit = {{increase}} £43.12 million (2019)
| assets = {{increase}} £2.408 billion (2019)
| num_employees = 1,130 (2019)
| parent =
| subsid = Inver Energy
| homepage = {{url|http://www.greenergy.com/}}
| footnotes =
}}
Greenergy International Ltd is a British distributor of petrol and diesel for motor vehicles and at one point had over a quarter of the UK market. It blends fuels at terminals on the Thames estuary in the south and on Teesside in the north.{{citation needed|date=January 2015}} It sold more than 20 million litres of petrol and diesel a day in 2007.{{citation needed|date=January 2015}} In 2015 it ranked 474 on the Fortune 500 list of largest companies by revenue.{{Cite web |url=http://fortune.com/global500/greenergy-fuels-holdings-474/ |title=Greenergy Fuels Holdings Financials and News | Global 500 |access-date=2015-07-22 |archive-url=https://web.archive.org/web/20150731053155/http://fortune.com/global500/greenergy-fuels-holdings-474/ |archive-date=2015-07-31 |url-status=dead }}
History
Greenergy acquired the growing nationwide dealer network Inver Energy Ltd, headquartered in Cork, Ireland, for an undisclosed amount in early 2017. Through partnership with East Cork Oil and Atlantic Fuel Supply, the deal included Greenergy's co-owned refinery in Foynes, which was the largest refinery in Ireland at 82,000 m3. It acquired a refinery from Texaco in Cardiff from 2006, acquiring 100% of the facility and expanding it in 2010.
Inver Energy had started as local oil and fuel distributor, expanded into marine fuels when it acquired that business from Maxol.
In 2016, Inver Energy recorded a €5.7 million pre-tax profit last year on turnover of €485.9 million, employing 25 people, providing around 10% of Ireland's marine fuel needs.{{cite news|url=https://www.irishtimes.com/business/energy-and-resources/uk-firm-greenergy-buys-cork-based-inver-1.3153621|title=UK firm Greenergy buys Cork-based Inver|first=Charlie|last=Taylor|newspaper=The Irish Times|access-date=8 June 2019}}
In March 2024, Trafigura agreed to acquire Greenergy's European business from Brookfield Asset Management and Brookfield Business Partners. At that time, Greenergy had manufacturing plants in the UK and the Netherlands.{{Cite web |title=Trafigura to acquire Greenergy’s European business |url=https://www.reuters.com/markets/commodities/trafigura-acquire-greenergys-european-business-2024-03-04/ |access-date=2024-08-07}} Trafigura increased its stake in May 2024.{{Cite web |title=Trafigura to buy more of Greenergy in renewable portfolio boost |url=https://www.reuters.com/markets/deals/trafigura-acquire-greenergys-canadian-business-2024-05-08/ |access-date=2024-08-07}}
Operations
Greenergy sells fuel to petrol stations and supermarkets for retail sale, and to transport companies in the UK. It does so in Ireland as Inver as of 2015.{{Cite web |url=http://www.tankstorage.org.uk/tsa-members/greenergy-terminals/ |title=Tank Storage Association » Greenergy Terminals |access-date=2015-01-05 |archive-url=https://web.archive.org/web/20150105141431/http://www.tankstorage.org.uk/tsa-members/greenergy-terminals/ |archive-date=2015-01-05 |url-status=dead }}
The company produces and sells biofuel. It has a 250,000 tonne/300 million litre per year plant at Immingham on the east coast of England where biodiesel is made from rapeseed oil.{{cite newsletter |title=Greenergy gets green light |work=News from Simon Storage |url=http://www.simonstorage.com/htm/downloads/SimonNewsletterJanuary2007.pdf|archive-url=https://web.archive.org/web/20110716071854/http://www.simonstorage.com/htm/downloads/SimonNewsletterJanuary2007.pdf|url-status=dead|archive-date=16 July 2011|date=January 2007|access-date=8 June 2019}}{{cite web|url=http://www.farmersguardian.com/newest-uk-plant-turns-rapeseed-oil-into-%E2%80%98green-fuel%E2%80%99/8006.article|title=Newest UK plant turns rapeseed oil into ‘green fuel’ - Farmers Guardian|website=Farmersguardian.com|access-date=8 June 2019}}
References
{{Reflist}}
{{Energy in the United Kingdom|companies}}
Category:Oil and gas companies of the United Kingdom