Marex acquires Spanish biofuels company Dropet

In the UK, Marex Group announced the completion of its acquisition of Dropet, a Spanish biofuels company.

Dropet offers execution services for both physical and paper biofuels products across Europe, Latin America, the Middle East and Africa. It has more than 18 years’ experience in physical ethanol and related biofuel products, as well as exchange-traded ethanol products. 

Matthew Thistle, Marex’s Global Head of OTC Energy, said: “By extending our geographic footprint, our product range, and our client base, we further diversify the firm and strengthen our resilience. The acquisition expands our global environmentals offering and is a good strategic fit with our existing biofuels business. Our OTC biofuels, carbon and shipping clients will benefit from our expanded physical biofuels products as well as from our increased exchange traded volume.”

Almudena Berrocal, CEO of Dropet, added: “The Dropet team is excited to join the wider Marex team and benefit from the opportunities offered by its scale and global reach. Dropet’s clients will benefit from the additional services in renewables and other commodities and will continue to be serviced by the same dedicated and experienced team. We will continue to operate as Dropet, a division of Marex.”

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