Gunvor Group
Corporate brand
UnclaimedGunvor Group is an independent commodities trading company that develops logistics solutions to move physical commodities from sources and storage locations to markets where they are demanded.
Last updated October 17, 2026
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Overview
Gunvor Group is an independent commodities trading company focused on the physical movement of commodities. Its stated purpose is to create logistics solutions that move commodities from where they are sourced and stored to where they are most in demand. The company’s business is therefore not limited to arranging trades: it also encompasses the infrastructure and transport that connect supply with customers across global markets. The company’s activities span trading and related operations. Its website identifies trading offices, an oil refinery, biofuels and midstream as parts of its business footprint. Its listed trading categories include crude oil, natural gas, liquefied natural gas (LNG), liquefied petroleum gas (LPG), gasoline, middle distillates, heavy fuel and feedstocks, naphtha, bitumen and base oils, base metals, and circular products. The circular-products business focuses on tyre pyrolysis oil, plastic pyrolysis oil and circular naphtha, which can be used as feedstock in chemical manufacturing and other industrial applications. Gunvor describes its business as highly physical and international. Its website says that more than 100 vessels are at sea for the company on a typical day, carrying commodities between major ports. Its ship-movement map illustrates the maritime dimension of global commodity flows and includes vessels such as oil and chemical tankers and LNG carriers. The company says it monitors the paths of some of its vessels and tracks their emissions. The company is headquartered in Geneva, Switzerland, and operates in global commodity markets. In an announcement featured on its website, Gunvor said that a management-led buy-out offer from existing ownership had been accepted and that the company would go forward as employee-owned. The announcement named Gary Pedersen as Group CEO, with further leadership, structural and governance updates to follow. Gunvor remains active; its homepage also reports 2025 financial and operating results, including revenue, traded volumes, gross profit, net income and equity.
History
Gunvor Group developed as a commodities trading company whose business centers on the sourcing, movement and delivery of physical goods. The company’s own description emphasizes the logistics required to move commodities from points of origin and storage to places where customers need them. This focus places shipping, storage and other connecting infrastructure alongside trading as important parts of the business. Gunvor’s present-day portfolio, as outlined on its website, covers energy commodities and related products. Listed categories include crude oil, natural gas, LNG, LPG, gasoline, middle distillates, heavy fuel and feedstocks, naphtha, bitumen and base oils, and biofuels. The company also identifies base metals and circular products among its trading categories. This breadth connects conventional energy trading with products and activities further along commodity supply chains. Maritime transport is a visible part of Gunvor’s account of its operations. The company says that more than 100 vessels are at sea for it every day, moving between major ports. Its ship-movement map explains the role of seagoing vessels in physical commodity trading and describes a fleet that includes oil and chemical tankers and LNG carriers, among other vessel types. Gunvor says it monitors the paths of some vessels and tracks their emissions. The map is presented as an illustration of a wider, interconnected global economy rather than simply a display of company-owned ships. The company also describes activity in circular products. Its circular-products trading focuses on tyre pyrolysis oil, plastic pyrolysis oil and circular naphtha. The company explains that pyrolysis oils can be produced through chemical recycling of waste plastics or tyres and then processed by the petrochemical industry. Circular naphtha can serve as a feedstock in chemical manufacturing and other industrial uses. Gunvor presents this activity in terms of supporting resource conservation and a circular economy, while noting that its supply and demand are mainly in Europe. A significant ownership and leadership development was announced on the company’s homepage: management announced the successful acceptance of a management-led buy-out offer from existing ownership. The same announcement said that Gunvor would go forward as an employee-owned company and named Gary Pedersen as Group CEO. It indicated that further leadership, structural and governance changes would be announced later. The announcement makes employee ownership and management transition important parts of the company’s current history, while not specifying the completion date or the detailed terms of the transaction in the supplied material. Gunvor continues to report substantial trading activity. Its homepage presented results for the year ended 31 December 2025, including revenue of US$144 billion and volumes of 253 million metric tonnes. It also reported gross profit, net income and equity. The company’s accompanying statement described markets shaped by political volatility, fragmentation, sanctions and regional shifts in commodity flows. Together, the company’s descriptions of trading, logistics, shipping, circular products and ownership transition provide a picture of an active global commodities business.
- 2025
Gunvor reports 2025 results
Reported revenue of US$144 billion and volumes of 253 million metric tonnes for the year ended 31 December 2025, along with gross profit, net income and equity.
- 2000
Gunvor founded
Founded by Torbjörn Törnqvist and Gennady Timchenko.
Management-led buy-out announced
A management-led buy-out offer from existing ownership was accepted; Gunvor would go forward as employee-owned, with Gary Pedersen named Group CEO.
Products and positioning
An independent commodities trader whose stated focus is developing logistics solutions to move physical commodities from sources and storage locations to points of demand. An independent commodities trader whose stated focus is developing logistics solutions to move physical commodities from sources and storage locations to points of demand; described as one of the world's leading independent commodity traders.
Crude oil
A listed Gunvor trading category.
Natural gas and LNG
Listed trading categories; the company’s shipping materials also refer to LNG carriers.
Gasoline, middle distillates, heavy fuel and feedstocks, and naphtha
Listed product categories within Gunvor’s trading portfolio.
Circular products
Trading focuses on tyre pyrolysis oil, plastic pyrolysis oil and circular naphtha, with supply and demand mainly in Europe.
Brand decisions
- Management-led buy-out and employee ownershipOther
Recent events
Reported
Global Energy Storage to buy Gunvor's Rotterdam assets[5]
Global Energy Storage said it is buying assets in Rotterdam from Gunvor Group, including Gunvor's stake in the Stargate oil terminal. The buyer said it plans to redevelop 20 hectares of port land for its operations.
Reported
Gunvor closes $540 million biodiesel borrowing facility[6]
Gunvor Group closed a $540 million borrowing base facility to support its biodiesel trading activity. The facility was backed by biofuel inventory, including inventory at two processing plants in Spain.
Sources6 sources
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