Mercuria CSR Report 2020 - Flipbook - Page 23
ASSETS & INVESTMENTS
However, we recognize that in order to address the
climate problem, a complete value chain approach in
Mercuria’s assets business’ key focus is to enable
the products’ CO2 intensity is required – or “Well-To-
the Group to express its market views through the
Wheel”. The Tank-To-Wheel approach only expresses
acquisition of physical assets and so allocate risk
a partial impact of the product usage. However, The
capital in the most cost-effective manner.
Well-To-Tank CO2 intensity approach (e.g. all the
Mercuria’s
emissions in the supply and production chain) is much
coordinates the asset strategy and investment
more difficult to consider as it is more variable and
capabilities of the Group.
investment
team
implements
and
requires many currently unavailable inputs. Indeed, this
approach requires information on the products origins,
Strategically positioned assets integrated within a
on the processes used in their production and on the
trading business allow us to better understand the
logistics involved in their transportation and storage.
market fundamentals and offer flexible and competitive
Due to this variability, product-specific EFs are needed,
prices to our physical customer base.
which we believe could be achieved through enhanced
products tracing and labeling that will be more widely
Mercuria’s asset base strategically supports its trading
available with future technologies.
operations and enables the Group to enter into new
global trading flows and markets. In particular, storage
and logistic assets enable Mercuria to execute physical
arbitrage opportunities, while upstream assets provide
direct access to the traded resources. Moreover, asset
investments allow Mercuria to secure a local presence
in key markets, providing the Group with an essential
Can China Fund,
Alberta,
Canada
N+P, The
Netherlands
Tailwind,
UK
South Bend
Ethanol, IN, USA
Canlin Energy,
Canada
Evergreen Natural
Resources, CO, USA
Pin Oak Corpus
Christi, TX, USA
CEPSA
Terminal,
Panama
Arsenal, W V,
USA
Minerva Las
Broad Reach
Palmas Port,
Power, TX,
Spain
USA
Seplat,
Nigeria
Phoenix Global
Resources,
Argentina
- Oil and gas upstream
- Infrastructure/ logistics
Vesta (VTA),
Belgium
MBB,
Germany
J&S Energy, Poland
Vesta (VTF),
The Netherlands
Beyond6,
NY, USA
Rocky Mountain Crude
Oil, Rockies, USA
- Dry bulk mining
Henry Bath,
UK
Vesta (VTT),
Estonia
The Mobility House, Germany
Amromco, Romania
Delta BV,
The Netherlands Minerva
Bunkering
Fleet
Fujairah
Terminal, UAE
Mercuria E&P
Congo,
Congo
Terin,
Brazil
Qingdao/DJK, China
(Universal Terminals)
PT KEL,
Indonesia
Unico / Canyon
Resources,
South Africa
Metrogas SA,
Argentina
- Bio fuel/Renewables
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