The world's big oil trading firms are investing heavily in environmentally-...
LONDON - The world’s big oil trading firms are investing heavily in environmentally-friendly projects as they face increasing pressure from investors, governments, activists and financiers to find a sustainable business model.
Of the big trading groups, Mercuria stands alone with power, gas and emissions accounting for two thirds of its traded volumes, according to its 2018 results.**Bought ethanol plant in South Bend, Indiana in 2018 that produces 100 million gallons per year.CASTLETON**Bought controlling stake in Delta Energy Group that recycles tires in 2017.**Bought two biofuel plants that process waste oils in Spain in 2019, in Huelva and Berantevilla, with a combined capacity of 150,000 tonnes per year.
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