Trading giant Gunvor Group has clinched a second green loan as it continues to work on cutting its carbon footprint.
The company, which is also a major charterer and shipowner, said the sustainability-linked borrowing worth €450m ($506m) will support operations at its 110,000-barrel Ingolstadt refinery in Germany, which it had slated for sale in 2019.
The trader called off the disposal after profits improved.
