Glencore Agriculture completes acquisition of Everi port terminal in Ukraine

UKRAINE – Glencore Agriculture, an exporter of agricultural commodities, has announced that it has completed the acquisition of Everi port terminal in Ukraine from Orexim group of companies. Everi is a leading vegetable oil export terminal in the city of Mykolaiv, Ukraine, offering storage and loading services to first class international and domestic clients. “This acquisition reinforces our long-term commitment to the agriculture sector in Ukraine and establishes Glencore Agriculture as a key and reliable partner within the global vegetable oil supply chain. “We are excited to operate a best-in-class asset…

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Covantis launches as legal entity, announces CEO and executive appointments

SWITZERLAND – Covantis, the industry initiative that aims to modernize global agribusiness trade operations, has announced that it has received all required regulatory approvals and has incorporated as a legal entity in Geneva, Switzerland, as Covantis SA. Covantis was introduced by the founding members of the trade initiative; ADM, Bunge, Cargill, COFCO International, Louis Dreyfus Company and Glencore Agriculture as the new project’s name last December. Now incorporated as a legal entity, Covantis has also announced its governance structure and executive appointments and has named Petya Sechanova as the company’s…

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Global agric trade platform Covantis partners with blockchain company ConsenSys

SWITZERLAND – Covantis, the industry-wide initiative to modernize global agricultural trade, has partnered with ConsenSys, a market-leading Ethereum blockchain technology company. Covantis was introduced by the founding members of the trade initiative; ADM, Bunge, Cargill, COFCO International, Louis Dreyfus Company and Glencore Agriculture as the new project’s name last December. ConsenSys will now act as the lead technology partner to develop Covantis’ transformative platform which seeks to connect the agri-industry via an independent and trusted digital platform to enable post-trade efficiency for all participants. “The founders set up a robust…

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Agribusiness trade modernization initiative advances with new project name, Covantis

USA – The founding members of the industry-wide initiative to modernize global trade operations; ADM, Bunge, Cargill, COFCO International, Louis Dreyfus Company and Glencore Agriculture have announced its new project name, Covantis. The initiative has also launched a new website, www.covantis.io, which explains the initiative’s vision to connect the agri-industry via an independent and trusted digital platform to enable post-trade efficiency for all participants. Covantis will also be the name of the digital platform now in development and expected to launch in 2020 subject to regulatory approvals. The Covantis initiative…

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Glencore joins global agriculture commodity trade modernization initiative

USA – Global agribusiness company, Glencore Agriculture has joined other major partners in industry-wide initiative to modernize global agricultural commodity trade operations. The initiative now comprises of six agricultural commodity trade giants including Archer Daniels Midland (ADM), Bunge Limited, Cargill Incorporated, COFCO International and Louis Dreyfus Company, in addition to Glencore. “We’ve been interested in the initiative from the very early days and we’re excited now to join as a full partner,” said Glencore Agriculture Limited CEO David Mattiske. “The digital platform this group intends to develop will leverage the…

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