Nyera (in Swedish: “New Era”), was established in 2021 as Gunvor’s dedicated vehicle for Energy Transition investments. Gunvor is looking to strategically invest along the value chain in assets that will support its trading activity and offer adequate return on investment. To date, Nyera has remained prudent in its approach, while focusing  on long-term, sustainable businesses. Areas of interest for Nyera are diverse, ranging from more traditional renewables opportunities to entirely exploratory ventures.

For example, Nyera looks extensively at the deployment of capital in renewable power, such as solar, wind and biomass, both in terms of offtakes and investments. Nyera is also exploring opportunities in the alternative fuels space, in particular with ammonia and hydrogen, to support the commercialization of these fuels as part of the global energy mix. Blue and green hydrogen, specifically, have the potential to be commoditized, which works well with Gunvor’s overall business model. 

Some projects undertaken throughout the year include the following: