23.04.2019 • NewsElaine BurridgeTrafigura

Trafigura and Altis Form Trading JV

Trafigura and Altis Form Trading JV (c) Tashatuvango/Shutterstock
Trafigura and Altis Form Trading JV (c) Tashatuvango/Shutterstock

Trafigura is forming a joint venture with US privately held trading and logistics company Altis Group International to create a commodity petrochemical trading business with a focus on bulk liquid chemicals.

The jv will comprise two entities –the existing Altis Group based in Houston, Texas, USA, and Altis International (Singapore), which will have a branch office in Geneva, Switzerland.

“We believe that the time is right to start exploring the potential of this market,” said Tom Jay, former head of Trafigura’s deals desk for refined metals, bulk and concentrates. He added that the petrochemicals market is expected to grow significantly over the next few years. Jay and Chris Clarkson, Trafigura’s head of gasoline trading, will join the boards of the new venture.

Jeff McNear, president of the Altis Group International management team, said the jv will accelerate Altis’ growth and ability to expand its trading reach globally.

Earlier this month, Trafigura announced it was to become the owner of major mining group Nyrstar.  The Geneva-based trading house is also partially funding a chemicals plant to be built by Finnish nickel and cobalt mining company Terrafame. The plant at Sotkamo, Finland, will produce chemicals for use in electric vehicle batteries, with commercial production expected to start in early 2021.

 

Special Issue

Circular Plastics Economy
Explore the Future of Plastics

Circular Plastics Economy

This special CHEManager issue explores the industry’s pivotal shift towards a more sustainable, circular plastics value chain. Readers will find expert analysis and real-world solutions for today’s most pressing recycling and regulatory challenges.

Interview

Stability in Motion
Strategic Response to a Shifting Pharma Landscape

Stability in Motion

Stefan Oelrich, Member of the Board of Management and President Pharmaceuticals, Bayer, discusses navigating external volatility, reshaping its internal structures, and investing in future-ready capabilities to ensure sustainable growth.

most read

Photo
28.07.2025 • NewsChemistry

VCI Welcomes US-EU Customs Deal

The German Chemical Industry Association (VCI) welcomes the fact that Ursula von der Leyen, President of the European Commission, and US President Donald Trump have averted the danger of a trade war for the time being.