Vitol

Eagle Summit Resources, LLC (ESR) has recently purchased Reflectance Energy, LLC – a portfolio of active metallurgical coal producing mines in Wyoming County, West Virginia - which will now operate under its new ownership as Eagle Mountain Energy, LLC Concurrently, ESR have entered into a new term loan credit facility with Valor Mining Credit Partners, L.P., managed by Breakwall Capital LP in partnership with Vitol, as the sole lender. ESR and Vitol have also agreed to enter into an exclusive marketing agreement for the company’s export volumes. Read the full announcement at https://lnkd.in/g-emPVWK

 📌Meet Chioma. She works in our origination team in Lagos, Nigeria.   Building connections, finding solutions, helping our customers; it's a role that requires a flexible approach, being able to adapt quickly to changing circumstances, a lot of IQ and *lots* of EQ. Watch Chioma's experience below 👇   We have roles open all over the world. Curious? Take a look here: https://lnkd.in/dj89FPFN   #VitolisYou #Nigeria #energy #trading  

With just a few weeks until #MEPC83, we thought it timely to share our animated explainer on co-processed, sustainability attached, and regulatory compliant fuel (VLSFO or LSMGO). Molecularly identical with its fossil cousin, co-processed advanced biofuels meet the sustainability and regulatory requirements to reduce the #GHG fuel intensity. As competition for biofuels from road transport and aviation intensifies, and significantly more bio feedstocks are needed in the bio bunker pool to meet maritime sector decarbonisation regulatory targets in coming years, Vitol’s co-processed, sustainability attached VLSFO allows a wider range of feedstocks to be added into the maritime pool and offers ship owners and operators a simple way to comply with increasingly stringent decarbonisation regulations. Available through #VitolBunkers now https://lnkd.in/eqAWyeU8 #CoPro #SustainabilityAttached #Decarbonisation #EnergyTransition #Bunkers #Biofuels #Shipping Syed Ammar Hussaini

VPI is set to develop more that 700MW of utility-scale battery storage in Germany through a joint venture with Noveria Energy. Read more in today's Bloomberg article: https://lnkd.in/epQ_DQMX

To finish off the week, we’re looking at #solar output in Western Europe again, but this time we dive a little deeper and unpick what the real increase could have been, and the factors affecting this. Read the full article https://lnkd.in/ecK35BMF #EnergyTransition #SolarPower

Vitol completes its acquisition of 30% stake in Cote d’Ivoire’s Baleine project, the first net-zero development in Africa. Read the full press release https://lnkd.in/ebHMz7Kv #gas #oil #energy

Celebrating the launch of the newest vessel in our fleet, the Elandra Cedar, a 50,000 DWT MR. #shipping

As we reach the autumnal equinox, we are looking back at this year’s record #solar output in Western Europe and some of the drivers. In the 2010s, regional solar capacity additions averaged 10 GW per year. However, the pace of installation accelerated as the energy crisis unfolded in 2022 and households sought to limit their electricity bills. Over recent years, annual growth has exceeded 40 GW as residential deployment has given way to larger scale developments spurred by real term cost reductions and government incentives. This additional capacity, in combination with high levels of solar radiation this year – the 4th highest in Western Europe for the last 30 years – has supported the near 22% (y-y) gain in solar output. #EnergyTransition #Renewables

Vitol, together with its Offshore Cape Three Points (OCTP) project partners, Eni and the Ghana National Petroleum Corporation (GNPC), has signed a memorandum of intent (MOI) with the Government of #Ghana. Based on the comprehensive strategic plan drafted by the OCTP partners, the objective of the MOI is to work together to enhance the country’s #oil and #gas production capacity, promote new #sustainability initiatives, and support continued economic growth in the country. Read the full press release: https://lnkd.in/e4SdBM4R

Great session earlier today focused on #biofuels and hosted by Lloyd's Register as part of London International #Shipping Week. Ian Butler, Head of energy transition for shipping, Vitol was part of the panel discussion on the ‘Opportunities and challenges of biofuels’ Amongst the challenges to scaling biofuels, Ian highlighted the competition from road and air for feedstock. However this also presents an opportunity for the shipping industry to innovate by using feedstocks that other transport sectors are unable to. It’s something that Vitol has been piloting with co-processing; a process that produces sustainability attached VLSFO (or LSMGO) which is molecularly identical to the conventional fuel but with sustainability attached and ASTM D6866 tested. It’s also feasible to align the level of sustainability directly with any compliance requirements. A gateway to using a range of feedstocks without direct competition from road and air, it presents a real opportunity for biofuels at scale for shipping. This is particularly pertinent as we move into 2028 with the introduction of the #IMO mid-term measures when global supply is likely to increase – but so is competition. Now available through #VitolBunkers, for more on our co-processed VLSFO visit https://lnkd.in/gadxCsdv #LISW25 #EnergyTransition #CoProcessed #VLSFO Syed Ammar Hussaini