Perspective
15 December 2020
Gunvor raises biodiesel borrowing base benchmark
In:
Oil & gas, Power, Renewables
Region:
Europe
Gunvor’s oversubscribed biodiesel borrowing base has revealed significant lender support for the backing of cleaner products in line with the energy transition. But, with the handful of biggest traders attracting plenty of debt, and SMEs struggling to secure such volumes of financing, the already large funding gap at the lower end of the commodity trade finance market is set to widen.
