Noble Group negotiating for major investment; ethanol logistics, offtake giant comteplates expansion

In China, Reuters is reporting that Noble Group is in negotiations with a major, unnamed investor to take a stake in the $5.5 billion commodities company, that owns a range of ethanol and sugar interests in Brazil among other investments.

The company’s ethanol strategy is to:     Acquire low-cost energy resources creating long-term market opportunities and leveraging physical assets to obtain trading arbitrage opportunities; Strengthen distribution capabilities, and optimising utilisation of existing distribution infrastructure; Offer financial instruments such as hedging and risk-management services to energy producers, as a complement to trading activities; Build on its early move into the clean energy and fuel market.

The company has offtake agreements and equity investments in plants, provides logistics and shipping through Noble Chartering, and markets ethanol through its distribution network.

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