Vitol confirms commitment to C&N ethanol marketing
Further to the announcement of its proposed acquisition of Noble Americas Corporation, Vitol has confirmed that it intends to preserve the C&N marketing brand and develop the business further1.
Curtis Knobbe, co-head biofuels, Vitol Inc said: “C&N is a well-known and highly respected brand. We are delighted it will be a part of Vitol’s market leading ethanol business. As one of the world’s largest blenders of gasoline globally, we intend to add value to C&N’s customers by providing them with greater market insight and access to a wider range of marketing opportunities, both domestically and overseas.”
As the world’s largest independent trader of energy, in 2016, Vitol traded over one million barrels of gasoline every day.
Notes to editors
1 subsequent to the transaction closing successfully
Vitol is an energy and commodities company; its primary business is the trading and distribution of energy products globally – it trades over seven million barrels per day of crude oil and products and, at any time, has 250 ships transporting its cargoes.
Vitol’s clients include national oil companies, multinationals, leading industrial and chemical companies and the world’s largest airlines. Founded in Rotterdam in 1966, today Vitol serves clients from some 40 offices worldwide and is invested in energy assets globally including: circa 18mm3 of storage across six continents, 480kbpd of refining capacity and 5,000 service stations across Africa, Australia, Eurasia and in Northwest Europe. Revenues in 2016 were $152 billion.