Mercuria Energy Expands Activities In Carbon Trading

LONDON , Sept. 14 /CNW/ - Mercuria Energy is positioning itself to be one of the world's top traders in carbon, with strategic hires and a business plan for growth. Among the new talent that has joined Mercuria are:

    
    -   Andrei Marcu, former President of the International Emissions Trading
        Association and former CEO of Bluenext, who is one of the corporate
        sector pioneers in the area of climate change and sustainable
        development,

    -   Franck Bernard, former business developer with MASDAR and with EdF
        Trading-a part of Électricité de France-who has been
        a pioneer in negotiating emissions reduction purchase agreements,

    -   Carl Vevle, a seasoned portfolio manager with experience at BP,
        Fortis and JP Morgan,

    -   Li Xing, an expert on the Chinese and Southeast Asian markets, with
        experience at Deutsche Bank.
    

Additional experienced personnel will soon be joining them on the Mercuria Energy carbon trading team.

The company intends to build alliances with carbon aggregators, and through them to originate carbon credits as it moves part of its business further up the supply chain.

"Our target" said Mercuria Energy President Marco Dunand , "is to be one of the world's largest and most active carbon emissions traders".

"We are building a strong emissions trading team," said Jean-Francois Steels, Head of Emissions Trading at Mercuria Energy. "In particular, Andrei Marcu brings his extraordinary in-depth knowledge of the international regulatory framework, and the leaders and governments that are involved in crafting its shape for the future".

Mercuria Energy Group is one of the world's five largest independent energy trading companies. With offices in 20 countries, Mercuria works to assure reliable energy supplies for clients at competitive prices. It is active in the entire energy spectrum from crude oil and refined products, to power, natural gas, coal, vegetable oils, biofuels and carbon emissions.

For further information: David Ensor, Vice President for Communications, Mercuria Energy Group, Telephone: [phone], [email protected]