Freepoint growing Asia footprint in LSFO, US crude; eyes new energy
Freepoint Commodities is pushing ahead with its strategic expansion plan for Asia that would see the global commodities trader build on its core markets, such as low sulfur fuel oil and US crude, while eying opportunities in the clean fuels space to cater to the changing energy landscape, its CEO for Asia told S&P Global Platts in an interview.
The company is looking to seal more term deals for LSFO and expand its footprint in LNG, and also keeping a close eye on the growing appetite for US crude in markets such as India, said Ouyang Xiuzhang, an investment banker-turned commodities trader who has been heading Freepoint’s Asia business since 2016.
Singapore Freepoint Commodities is pushing ahead with its strategic expansion plan for Asia that would see the global commodities trader build on its core markets, such as low sulfur fuel oil and US crude, while eying opportunities in the clean fuels space to cater to the changing energy landscape, its CEO for Asia told S&P Global Platts in an interview.
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The company is looking to seal more term deals for LSFO and expand its footprint in LNG, and also keeping a close eye on the growing appetite for US crude in markets such as India, said Ouyang Xiuzhang, an investment banker-turned commodities trader who has been heading Freepoint s Asia business since 2016.