Glencore Unit's Cape Town Refinery Calls for Fuel-Import Control

Glencore Unit's Cape Town Refinery Calls for Fuel-Import Control

(Bloomberg) — Glencore Plc-owned Astron Energy is calling for South Africa to improve oversight of growing fuel imports along with measures to keep its Cape Town refinery viable.

Glencore Led By South Africas Gary Nagle Commits 329 Million To Cleaner Fuels : The Africa

Glencore`s Astron Energy is investing R6 billion ($329 million) to upgrade its Cape Town refinery, aligning South Africas fuel with Euro 5 standards by 2027. With refinery closures reducing capacity t

Glencore, led by South Africa’s Gary Nagle, commits $329 million to cleaner fuels

Key PointsGlencore's Astron Energy is investing R6 billion ($329 million) to upgrade its Cape Town refinery, aligning South Africa’s fuel with Euro 5 standards by 2027.With refinery closures reducing capacity to 358,000 barrels daily, South Africa now imports 75% of its liquid fuel needs—over 19 billion liters in 2023.Glencore's revenue rose 6% to $230.94B in 2024, but the company is reevaluating its London listing amid valuation concerns.Glenco…