Miami-based independent commodity trading firm Kempstar, LLC, is opening an office in Houston with an aim of expanding beyond its current renewable fuels trading operations, the company said Monday morning.
With its expansion to Houston operations, Kempstar has opened an office and has begun the hiring process. Kempstar aims to hire a staff of a minimum 15-20 people, with a mix of traders, analysts and operations, CEO Dan Kempler said.
“The decision to expand into Texas was a logical next step in the growth of Kempstar,” Kempler said. “We are on the verge of a commodity super-cycle, and the talent in Houston has proven to be some of the best in the world”.
“Adding quantitative and analytical strategies to our conventional wholesale distribution business has helped maximize profits. There is no better place than Houston to facilitate our expansion.”
Kempstar’s new Houston office will focus on growth in the trading of commodities beyond its current renewable fuels and Renewable Identification Number (RIN) credit trading. Kempstar’s Houston trading desk will focus on crude oil, gasoline, diesel, natural gas liquids (NGLs) and carbon credits, with the possibility of expanding to other commodities in the future.
Kempstar is an independent commodity trading firm formed in 2015, with a focus on the distribution, supply and trading of liquid fuel throughout the U.S.
Reporting by Jordan Godwin, jgodwin@opisnet.com
Editing by Jeff Barber, jbarber@opisnet.com