What we do
Providing global expertise in energy and commodities markets developed over decades of experience
Hartree has operated successfully around the world in global energy and commodities markets since 1997. At the forefront of the wholesale energy market, we have gained experience, in-depth knowledge and insight in a wide range of physical and financial commodities and markets. We provide this intellectual capital across a variety of services for our customers.
Assets
An energy and commodities leader with a global asset portfolio
Hartree invests in global energy infrastructure assets where our trading expertise provides superior market insight and the ability to mitigate or quantify downside risk. We identify, evaluate, optimize and commercialize these assets. We invest in assets directly through Hartree and via our relationship with Oaktree.
Our asset investments include
- Storage and terminals
- Power generation
- Renewable assets
- Shipping, logistics and distribution
- Downstream and refining
Selected asset investments
MR Vessels
Hartree is building a portfolio of medium range product tankers. These vessels, which will be among the most fuel efficient MRs in operation, are designed with technology that allows the burning of methanol as fuel, in order to best comply with future environmental regulation. These vessels provide transportation of both hydrocarbon and non-hydrocarbon cargoes such as vegetable oil or biofuels.
Channelview Splitter
In 2020, Hartree purchased a condensate splitter located in the Houston Ship Channel. The facility includes storage, truck and dock infrastructure, as well as the ability to process up to 50,000 barrels per day of crude oil and condensate into marketable and intermediate products.
Cushing Storage
In 2020, Hartree acquired 3 million barrels of crude oil storage in Cushing, Oklahoma. This storage facility is located within the world’s largest crude oil storage complex, with significant pipeline interconnectivity, allowing for the ability to source and deliver crude oil throughout the US.
UK Power Peaking Assets
Since 2016, Hartree built and operates small-scale power generation in the UK. These assets are strategically located to capitalize on locational mismatches between supply and demand in the regional UK power markets and fill the void created by the growth of renewable power.
Sprague
In 2021, Hartree acquired a controlling interest in Sprague Resources LP (NYSE: SRLP). Founded in 1870, Sprague is one of the largest independent suppliers of energy products and related services in the Northeast US, where its strategically located refined products and materials handling terminals are located. Their location and natural gas pipeline capacity provides Sprague with access to energy products and services to supply their 20,000 retail, commercial, industrial, utility and wholesale customers. Sprague continues to transition its business to provide clean fuels to Northeast markets. In addition to assisting its customers, Sprague has developed a program to install flexible, thin-film solar panels on its bulk storage tanks to reduce its own carbon footprint and energy costs. For more information, visit www.spragueenergy.com.
