Cargill to exhibit energy portfolio at E-World 2012
Company to further expand its European natural gas team and highlight U&us gas offering
GENEVA, SWITZERLAND – 1 February 2012 – Cargill is set to present a new and exciting range of energy products and services under the umbrella of Cargill ETM (Energy, Transportation and Metals) at this year’s E-World Energy & Water fair in Essen, Germany, from 7-9 February. Chief amongst these on the Cargill ETM stand (Booth No. 220, Hall 1) will be the company’s U&us gas offering, which provides industrial customers as well as local and regional utilities with a range of flexible delivery and pricing options. This offering is based on Cargill’s access to the spot and forward gas markets, helping customers manage a variety of risks. For many years, Cargill has managed price risk for its own industrial plants and now offers this expertise to external customers.
“We are delighted with the way our U&us gas offering has been received by customers”, says Niels den Nijs, head of Cargill ETM’s gas business in EMEA. “We launched U&us gas in May last year and are growing our customer portfolio fast. We already have more than 50 major customers in North-West Europe and recently reached 1 billion cubic metres of annual gas deliveries. This marks our first year exhibiting at E-World and we’re excited by the opportunity to spend time with customers to hear about their requirements and discuss ways we can help them to fulfil these.”
Cargill ETM is continuing to grow its team in Europe and has appointed Markus Rombach as head of German gas sales for utility customers. Rombach brings a wealth of experience of the German gas markets from his time with ENI and E.on Ruhrgas. From 1 February, he will join Christoph Gardlo, Cargill ETM’s head of German gas sales for commercial and industrial customers.
For many years, Cargill has been a significant proprietary trader and merchandiser of gas. In recent years, the liberalisation of European gas markets enabled Cargill to go from being a pure consumer of natural gas to being a natural gas supplier to external customers as well. The flexible delivery and pricing options that Cargill ETM provides are supported by the company’s physical storage capacity in Germany as well as its upstream supply contracts with producers.
|Francis De Rosa, +44 1932 861174, Francis_derosa@cargill.com
Corinne Holtshausen, +44 1932 86 1174, firstname.lastname@example.org
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Cargill is an international producer and marketer of food, agricultural, financial and industrial products and services. Founded in 1865, the privately held company employs 142,000 people in 66 countries. Cargill helps customers succeed through collaboration and innovation, and is committed to applying its global knowledge and experience to help meet economic, environmental and social challenges wherever it does business. For more information, visit Cargill.com and its news center.
About Cargill ETM (Energy, Transportation and Metals)
Cargill Energy, Transportation and Metals (Cargill ETM) transparently manages global commodity supply chains for its customers. It offers a unique combination of physical and financial expertise to develop physical and financial solutions in the natural gas, power, coal, petroleum, petrochemicals, ferrous, base metals and ocean freight markets. As both a consumer and a supplier Cargill ETM combines practical experience and in-depth analysis of global commodity markets to generate and apply the insights which benefit its customers. By acting responsibly and thinking innovatively Cargill ETM helps its customers to focus on their core activities and meet their growth objectives. Cargill ETM employs over 1,000 people with regional hubs in Europe (Geneva), the Americas (Minneapolis, Houston, New Jersey, Sao Paulo), Asia (Singapore, Shanghai, Beijing, Mumbai) and Africa (Johannesburg).