Mercuria CSR Report 2021 - Flipbook - Page 18
Mercuria main’s Investments
MERCURIA INVESTMENT PORTFOLIO
100%
90%
80%
70%
60%
50%
40%
30%
20%
10%
0%
4Q17
4Q18
4Q19
Dry Bulk & Mining
1Q20
2Q20
Oil & Gas
Midstream / Logistics
3Q20
4Q20
1Q21
Technology
2Q21
3Q21
4Q21
Energy Transition
In September 2020, Mercuria CEO Marco Dunand made a public pledge that in five years’ time, 50%
of Mercuria’s investments will be in green and renewable energies/technologies. These investments
enable Mercuria to combine its expertise, ambitions and capital to support investments in technologies
and energy generation that will support the global energy transition.
The Group has been making substantial progress in its pace to this goal. As graphically shown above,
the growth in Mercuria’s asset base is dominated by investments related to the energy transition.
With this, Mercuria has also undertaken that any new long-term or greenfield investment that it might
consider for its portfolio will not include new development fields (such as within the Arctic Circle)
consistent with the key milestones in the IEA’s Roadmap to Net Zero by 2050.
No further explicit targets or goals have yet been set for beyond 2025, but the Group’s ambition and track
record foretell that its asset base will continue to evolve to support global energy needs, promote new
technologies to reduce carbon emissions and stay ahead of the curve on the global energy transition.
ENERGY MIX
Mercuria has a low carbon intensity on its trading activity. The energy mix of its trading portfolio has
diversified over the years, evolving from a pure liquid centric strategy (crude oil and petroleum products)
to a much larger portfolio dominated by gas & power trading.
Since the mid 2010’s, natural gas and power trading has constantly represented over half of the Group’s
traded volumes and over two thirds in the past four years.
The Group acknowledge the importance of gas in the energy transition both as a replacement for higher
carbon emission fuels and as a back-up for renewables. Beyond internal growth, particularly in Europe,
the acquisitions in the US of JP Morgan’s gas activities and more recently Noble US Power & Gas were
important steps in the development of our gas activities. Mercuria also opened an LNG desk out of
London in 2019 to complement its existing gas trading business both in the US and in Europe.
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