Mercuria Energy Group Ltd buys MGM International from Morgan Stanley

No Comment Yet

Mercuria Energy Group Ltd, one of the world’s largest independent energy traders, located in Geneva, Switzerland had bought Florida-based carbon offset project developer MGM International from investment bank Morgan Stanley (MS).

Under the terms of the transaction, Mercuria has purchased all of the equity in MGM International Group from Morgan Stanley Capital Group Inc. and MGM International LLC, which is owned by MGM International Group’s founders.

“MGM has proven to be a leading innovator in the field of carbon project development, and we are very pleased to bring this company and its management on board at Mercuria,” said. Jean-Francois Steels, Mercuria Head of Carbon Trading. “We anticipate MGM will provide a valuable platform for the growth of our carbon project origination and marketing activities.”

The Miami, Florida-based MGM International Group is a leader in the development of international projects to reduce greenhouse gas emissions and a pioneer in global carbon trading markets. The firm was one of the first to focus on global carbon project development, and it currently manages projects in 22 countries.

“There are few companies in the carbon market with such a mature and sizable portfolio of projects as MGM,” said Paul Chivers Mercuria Group Chief Investment Officer “MGM’s portfolio stands out for the diversity of its projects by geography, technology, and credit delivery dates. The company is poised to produce a significant amount of credits between now and the end of the Kyoto Protocol compliance period in December 2012, which provides a solid platform to support our focus on global carbon trading markets.”

Mercuria is a privately-owned international group of companies active over a wide spectrum of global energy markets including crude oil and refined petroleum products, natural gas (including LNG), power, coal, biodiesel, vegetable oils and carbon emissions. It is one of the world’s five largest independent energy traders and has a longstanding sector expertise.

In addition to its trading core, Mercuria has upstream and downstream assets ranging from oil reserves in Argentina, Canada and the US, to oil and products terminals in Europe and China, as well as substantial investment in the coal mining industry and bio fuels plants under construction in Germany and the Netherlands.

All views and opinions expressed are those of the original authors, columnists and other contributors and not necessarily those of the CEOWORLD Magazine. The CEOWORLD Magazine is an independent and neutral platform focused primarily on facilitating and improving dialogue around the key issues and challenges encountered by business leaders, CEOs, CFOs, CIOs, CMOs, CTOs , and other forward-thinking high-level executives around the world. The CEOWORLD Magazine is not responsible for and does not control the content of linked Third Party Sites. Whilst we hope that you will find the third party sites linked to of interest, we can accept no responsibility in respect of any third party web sites or any information contained therein. The inclusion of any link does not imply CEOWORLD Magazine endorsement of the site, entity, products or services. Due to the volume of submissions received, we cannot guarantee publication, however you are invited to express your opinion in the comment section below. To submit a article or column, contact us | info@ceoworld.biz.

Follow The CEOWORLD Magazine on Twitter >>> @ceoworld
Like The CEOWORLD Magazine on Facebook >>> ceomagazine
Post A Job Listing For Free‎ >>> CEOWORLD Magazine Jobs

Editor, Megan Batchelor
Follow me

Editor, Megan Batchelor

Research Editor at CEOWORLD Magazine
A journalist with over 7 years of experience in media, frequent speaker at industry events, and a commentator on CEOWORLD Magazine multimedia online service. A very clever editor, with good market understanding. Stubborn, eager and with a well-developed sense of justice.Megan worked for major companies in Silicon Valley, including Sony Electronics, Hewlett-Packard, Yahoo, and Intel working in various marketing, social media, and community management roles.
Editor, Megan Batchelor
Follow me
Editor, Megan Batchelor

Author

Editor, Megan Batchelor

A journalist with over 7 years of experience in media, frequent speaker at industry events, and a commentator on CEOWORLD Magazine multimedia online service. A very clever editor, with good market understanding. Stubborn, eager and with a well-developed sense of justice. Megan worked for major companies in Silicon Valley, including Sony Electronics, Hewlett-Packard, Yahoo, and Intel working in various marketing, social media, and community management roles.

Up Next

Related Posts

Leave a Reply

Be the First to Comment!