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LONDON Trafigura has begun launching a carbon trading desk led by Hannah Hauman, the global commodities trading firm said on Friday, as part of its push to gain a foothold in the global energy transition.
The Geneva-based firm set up a renewables and power division in 2019 to be a third core pillar alongside metals and oil trading. It also formed a joint venture called Nala Renewables to invest in green energy.
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Hauman was most recently head of crude oil for Europe, the company said in a statement. The new carbon team will be based in Geneva, Houston and Singapore.
Trafigura Group Pte Ltd has revealed that it is launching a carbon trading desk.
The company has appointed Hannah Hauman as its new global head of carbon trading. Hauman - who has been with Trafigura Group for five years, most recently as head of crude oil for Europe - will lead a dedicated team based in Geneva, Houston, and Singapore, the group revealed, adding that there are plans to recruit “a number” of additional roles.
Following Hauman’s new appointment, Conor McFadden has been appointed head of crude oil for Europe with immediate effect. McFadden joined Trafigura almost five years ago and has global experience of trading oil for the group. His most recent role was in the company’s Houston office trading the West Texas Intermediate (WTI) crude oil contract.
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Trafigura opens carbon trading desk
Commodities trader Trafigura has formally opened a carbon trading desk, the Singapore-headquartered company reported, as it ventures into the expanding global offset market.
Jeremy Weir, chief executive officer of Trafigura. Photographer: Giulio Napolitano/Bloomberg
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Commodities trader Trafigura has formally opened a carbon trading desk, the Singapore-headquartered company reported, as it ventures into the expanding global offset market.
Commodities trader Trafigura launches carbon trading desk By Julia Payne
FILE PHOTO: Trafigura logo is pictured in the company entrance in Geneva
LONDON (Reuters) -Trafigura has begun launching a carbon trading desk led by Hannah Hauman, the global commodities trading firm said on Friday, as part of its push to gain a foothold in the global energy transition.
The Geneva-based firm set up a renewables and power division in 2019 to be a third core pillar alongside metals and oil trading. It also formed a joint venture called Nala Renewables to invest in green energy.
Hauman was most recently head of crude oil for Europe, the company said in a statement said. The new carbon team will be based in Geneva, Houston and Singapore.