Cargill to stop trading activities in European power and gas, global coal markets
(Geneva – March 27, 2014) The Energy, Transportation and Metals division of Cargill, Cargill ETM, will close its European Power & Gas Trading and Global Coal businesses.
These changes come after a thorough review of its strategy to offer distinctive, long-term value to its customers. Significant changes in the coal and European power and gas markets have led Cargill ETM to withdraw from these two sectors. Cargill ETM remains dedicated to serving customers in the petroleum, petrochemicals, iron ore and steel, ocean freight and North American gas and power markets.
Pete Stoddart, 952-742-6608, Pete_Stoddart[email protected]
Cargill provides food, agriculture, financial and industrial products and services to the world. Together with farmers, customers, governments and communities, we help people thrive by applying our insights and nearly 150 years of experience. We have 142,000 employees in 65 countries who are committed to feeding the world in a responsible way, reducing environmental impact and improving the communities where we live and work. For more information, visit Cargill.com and our News Center.
About Cargill ETM
Cargill Energy, Transportation and Metals 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, petroleum, petrochemicals, ferrous 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.