Trafigura and Altis Group formed a joint venture.

Trafigura, one of the world's leading independent commodity trading companies, and Altis Group, a global trading and logistics house, formed a joint venture to create a commodity petrochemical trading business, with a focus on bulk liquid chemicals. Financial terms were not disclosed. “We believe that the time is right to start exploring the potential of this market,” said Trafigura senior manager Tom Jay. “The market for petrochemicals is expected to grow significantly over the next few years, with Altis well placed to capture a share of this market by bringing an experienced team combined with Trafigura’s global footprint, resources and infrastructure to connect buyers with sellers.”