Danish bunker and tanker group USTC is furthering its shipping and decarbonisation ambitions by buying a majority stake in the world's biggest independent wood pellet trader.
The company said the deal to acquire CM Biomass "consolidates USTC as a global force within the shipping and trading industry".
CM Biomass is seen as a natural extension of USTC's current areas of operation, but adds significant new expertise and knowledge, particularly within sustainable energy.
