Marex Group acquires Spanish biofuels company Dropet

Marex Group completed its acquisition of Dropet, a Spanish biofuels company, expanding its range of renewables products as it continues to grow its global environmental products business. The acquisition is aligned with Marex’s strategy to diversify its business and increase earnings resilience. 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. Acquiring Dropet gives Marex additional capabilities in physical biofuels products and is aligned with Marex’s strategy to increase the scale, diversification and global footprint of its environmental products offering.