AMBR Ambrian

 

TIDMAMBR 
 
RNS Number : 2324R 
Ambrian Capital PLC 
18 August 2010 
 

 
 
                  Ambrian Acquires Physical Bio-Fuels Business 
 
 
LONDON, 18 August 2010 - Ambrian Capital plc ("Ambrian") (AIM: AMBR) announced 
today that it has acquired the physical bio-fuels business of the Masefield 
Group ("Masefield Bio-Fuels"), strengthening its physical commodities trading 
capability. 
 
Masefield Bio-Fuels was established in 2006 and will now trade as Ambrian Energy 
GmbH.  The business supplies a European client base with bio-diesel and other 
renewable fuels. It will be headed by Bernd Sturmheit who has over 25 years' 
experience in the European energy market.  Prior to joining Masefield in 2005, 
Bernd worked with Vattenfall and E.ON. A team of 6 traders and logistics 
managers based in Hamburg and a representative office in Singapore will report 
to Bernd. 
 
Ambrian Capital intends to inject US$5 million of new capital into Ambrian 
Energy GmbH for working capital purposes. 
 
The major focus of the business is on Palm Methyl Ester ("PME"), which is 
produced from palm oil, and it also trades Rapeseed Methyl Ester ("RME"), 
Soybean Methyl Ester ("SME") and blends thereof.  The business will lease 12,200 
cubic metres of bio-diesel storage tank capacity in Ghent, Belgium which enable 
it to supply bio-diesel to meet customer specifications. In 2009, Masefield 
Bio-Fuels supplied over 100,000 metric tonnes of bio-diesel to European 
customers with a total value of approximately US$100 million. 
 
One of the particular attractions of Masefield Bio-Fuels to Ambrian is that the 
business attaches great importance to ecological concerns and sustainability 
requirements.  It is a member of the Roundtable on Sustainable Palm Oil 
("RSPO"), an organisation that promotes the growth and use of sustainable palm 
oil through credible global standards and engagement of stakeholders. 
 
"The acquisition of Masefield's bio-fuels business is an important step in 
Ambrian's strategy to become a leading global supplier of physical commodities, 
strengthening both our established commodities trading business and our natural 
resources franchise.  We intend to replicate the success we have had supplying 
non-ferrous metals by entering selected niche products in the energy sector. 
Bio-fuels are a particularly attractive product area given their growth 
potential as an alternative to fossil fuel", said Tom Gaffney, Chief Executive 
of Ambrian Capital plc. 
 
"The Masefield Bio-Fuels business has been in the top four of the most active 
PME suppliers to the European bio-diesel market.  The skills and market 
intelligence that Bernd and his team bring provide the nucleus for Ambrian to 
build a broader business supplying a range of energy products to customers 
globally", said Justus van der Spuy, Managing Director of Ambrian Energy 
Limited. 
 
 
                                  -    Ends - 
 
 
For further information please contact: 
 
+------------------------+------------------------+ 
| Ambrian Capital plc    |                        | 
+------------------------+------------------------+ 
| Tom Gaffney, Chief     |   + 44 (0)20 7634 4700 | 
| Executive              |                        | 
+------------------------+------------------------+ 
|                        |                        | 
+------------------------+------------------------+ 
| Fox-Pitt Kelton        |                        | 
| Limited                |                        | 
+------------------------+------------------------+ 
| Simon Law              |   + 44 (0)20 3037 5237 | 
+------------------------+------------------------+ 
|                        |                        | 
+------------------------+------------------------+ 
| M:Communications       |                        | 
+------------------------+------------------------+ 
| Charlotte Kirkham      |  + 44 (0)20 7920 2331  | 
+------------------------+------------------------+ 
 
Notes to Editors: 
 
AMBRIAN CAPITAL PLC 
Ambrian Capital plc (AIM: AMBR) is a specialist investment bank active in 
Corporate Finance & Equities, Commodities and Principal Investments. 
 
Corporate Finance & Equities 
Ambrian Partners Limited is known in the market today for its leading positions 
in the metals & mining, oil & gas and cleantech sectors.  It provides corporate 
finance advice, equity research, sales and trading and market making services. 
Ambrian Partners is a member of the London Stock Exchange and is authorised and 
regulated by the Financial Services Authority. 
 
Commodities 
Ambrian Commodities Limited is a trader and broker specialising in London Metals 
Exchange cleared base metals futures and options.  Ambrian Commodities is an 
Associate Broker Member of the London Metal Exchange and is authorised and 
regulated by the Financial Services Authority. 
 
Ambrian Metals Limited is a physical metals merchant with a particular strength 
in refined copper. Through Ambrian Metals' offices in London and Shanghai and 
agents in New York, Santiago, São Paulo, Seoul and Tokyo, it sources non-ferrous 
metals from producers for distribution to an international client base of metals 
consumers and merchants. 
 
Ambrian Energy Limited is a newly established international energy trading 
company. 
 
Principal Investments 
Ambrian Principal Investments Limited is an investment company which holds 
Ambrian's principal investment portfolio.  It is managed by Ambrian Asset 
Management Limited, which is authorised and regulated by the Financial Services 
Authority. 
 
Further information on Ambrian Capital is available on the Company's website: 
www.ambrian.com 
 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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