Benore Logistics Ltd.
(BNL) has shipped more than 100 million tonnes of goods to Brazilian markets, the company said on Monday.
Benore said that the shipment of its new LNG and gas liquefied natural gas (LNG) terminals was the biggest in its history, adding that it shipped nearly 2.5 million tonnes to Brazil in fiscal year 2018.
The LNG shipments were made using its own facilities, including a refinery in Bremen, Germany, which it acquired in 2016.
In fiscal 2019, the LNG terminal accounted for approximately 15% of Benore’s revenues, the statement said.
BNL is the world’s largest LNG import and export company, supplying about 70% of Brazil’s total LNG demand.
The company said it had signed a memorandum of understanding with the government of Brazil, which would help to improve infrastructure and services.
The statement also said the company was in the process of finalising an agreement with the state of Sao Paulo for the construction of the LNPG plant, which will produce natural gas and liquefier the gas at a facility in the city.
BNL is Brazil’s biggest natural gas exporter.
The project is expected to be completed by the end of 2020.
FAST FACTS: The Boston Globe reported that Bollaert was one of the finalists for a job with the federal government’s fusion logistics office.
Bollaert previously worked as the chief executive officer of a logistics startup called FAST, which was acquired by Fusion for $20 million in 2015.
He also served as a partner at the venture capital firm Andreessen Horowitz, which has invested in several logistics startups, including Bollaart’s.
Bollaern was also an advisor to Bollaar’s venture capital fund.
In a statement released Monday, Fusion said Bollaerc did not receive any additional work for the company, which employs nearly 5,000 people and provides a variety of products and services.
Bollore, which operates a fleet of trucks and delivery vehicles in the Boston area, said in a statement that it is pleased that Bollore is leaving the company and joining its growing workforce.
BollORE said in the statement that the decision to retire is part of its strategic evolution and that the company’s strategic plan is still in place.
“We are excited about the opportunities ahead and the company is working with our partners to continue to build its operations and bring more services to the Greater Boston community,” the company said.