Formation of Hexagon Pine AG: A Joint Venture in Ammonia Trade
Hexagon Pine AG will be headquartered in Zug, Switzerland and is planning to enter the international ammonia market.
Says Mr. Christian Wendel, President of Hexagon Group AG: “We are proud and happy to work together with two such high caliber partners in a product that has been familiar to our executives for many years. We have traded ammonia as Hexagon every year since the inception of the company; with our new partners, however, our aim is to establish Hexagon Pine AG as a regular participant in this market.”
Mr. Wallace Leong, Executive Director at Pine Energy Pte Ltd added that “at Pine Energy we are excited to expand our energy trading portfolio”, he continued “we see promising potential in ammonia trading, short and mid-term predominantly in the fertilizer industry, but down the road also as part of the clean energy transition.”
Agropolychim’s CEO, Mr. Iskar Iskrov, stated that “ammonia is a crucial raw material for Agropolychim. The ammonia market is truly complex and dynamic, and that’s why our involvement in a commercial company like Hexagon Pine AG will without a doubt help us to better understand this market, enable us to act swiftly to market changes and thereby optimize our positioning and purchasing of ammonia.”
Hexagon
Pine AG will operate out of Zug and out of Singapore. For further information
and inquiries please contact:
Tel:
+41 44 210 02 00
For more
information about the partners please visit their respective websites: