Penfield Group focused on commodity trading operations and environmental consultancy and project design. From 2013 – 2022 it achieved trading turnover at its highest point in 2018 and 2019 with an annual turnover ranging from USD308 million to USD360 million. It is now seeking to commence trading operations again post the series of global economic issues stemming from the COVID era.
The products traded are Steel and steel related raw materials, fertilisers, coal for power stations, petroleum products including diesel and gasoline as well as crude oil
Penfield Group Ltd’s other activities sought to manage the Group’s people, and technologies involved in the Renewable Energy, natural resources, power, infrastructure and Environmentally Sustainable Development sectors. Its aim is to bring its resources and expertise to support your initiatives in these areas. Penfield Group’s executive personnel are Anurudha Delgoda (CEO), James Busche and Huon Matthews.
The professionals and resources within the Group have been involved in the evaluation and development of environmental technology, renewable energy, water and waste water, oil and gas, natural resources (beneficiation), power, infrastructure, the registration of projects under the Kyoto Protocol, commodities and raw materials, as well as their successful financing and implementation. The Group is geared to develop, finance and implement projects globally.
Penfield Group tendered and won the right to develop Kantale Sugar in 2011/2012 in Sri Lanka having designed a project to cultivate and refine approximately 100,000 MT of cane sugar p.a with a brand new sugar refinery ex the USA, fruit cultivation and generation of 50MW of power from sugar cane bagasse and sugar beet in the off season., as well as fish farming in the 18 tanks. Although the tender was initially awarded to PENFIELD the final award was never completed by the Sri Lanka Govt and still today the plantation remains undeveloped.
Montgomery Partners Ltd (MPL) was formed in Hong Kong as an onshore entity to embody and manage the operational, consulting and project work to be carried out by the Group. Its capabilities and focus includes plant and process specification in the oil & gas, coal, renewable energy, power, GHG abatement, water treatment and environmental technology sectors. Its team of consultants have successfully negotiated and managed projects under the Kyoto Protocol for the abatement of GHGs as well as for the generation of power from municipal solid waste, biomass, solar and waste methane. MPL is managed by James Busche CEO. MPL is currently involved in the marketing of expertise, processes and equipment related to small coal mine mechanization with a view to improving safety, efficiency and productivity within the PRC and other countries. Its aim here is to demonstrate that small mines previously marked as uneconomic resources can now through the use of technology become economic.
UCC was formed in 2007 to manage environmental GHG abatement and renewable energy projects in the PRC as a local partner for foreign principals. The company based in Beijing is headed up by Han Yeju and has concluded projects in the (LFG) landfill gas capture and power generation arena as well as being instrumental in several high profile coal mine methane gas capture projects in Shanxi Province. The latter projects sought to reduce carbon emissions and generate renewable energy under the Clean Development Mechanism (CDM). The other areas of operation include expertise in environmental waste water treatment and power generation from biomass. The projects successfully generate power and carbon credits resulting from the abatement of methane and the displacement of coal based electricity with electricity from a lower emission source.
Hanovia Steel based in the UK was formed by Anurudha Delgoda (Managing Director) 2003 to focus on steel trading, coal, raw materials and shipping from Ukraine to the various markets. It dealt primarily with the Ukrainian Mills, Dnepropetrovsk, DneproDzherzinsk, Ilyich Iron & Steel Works and Donetsk Metallurgical Zavod (DMZ). Its principal markets were Turkey, UAE and China with a turnover exceeding USD20m p.a annum in its particular niche which is now consolidated with Coresteel.
Coresteel is based in Dubai, with representative offices in the UAE, the UK and throughout the CIS. It was originally part of the Belon Coal Mining Group in Russia before becoming independent. Its principal executive is Jeton Sadiku who was instrumental in its formation and operation while still with Belon. The majority of Hanovia Steel’s operations are now handled by Coresteel in which Anurudha Delgoda is an operational Director. The company trades a wide range of bulk commodities such as coal, steel, specialised steel products, sugar, fertilisers as well as the management of vessel time charter and operation. Through its principal it has also been successful in implementing the establishment of sugar import and processing in Kosovo. Coresteel manages the trading and shipment of steel in excess of 1.5 million MTs per annum with an approximate turnover in the region of USD500m p.a.
The company was formed in Sri Lanka to manage investments into various sectors utilising personal funds of Anurudha Delgoda and is purely a personal investment vehicle.
The company leases a Villa Property in Kalpitiya owned by Anurudha Delgoda and manages operations in the hospitality sector. The property is a 5 bedroom luxury villa on 3 acres of land adjacent to the sea and lagoon.
The entity is an SPV setup initially to consult on agro operations and is now intended to be used for the acquisition of Tea Estate and Factories. It has access to Penfield Group’s energy and environmental consultancy resources and seeks to develop tea cultivation and production in a sustainable and energy efficient manner utilising biogas and solar.
Penfield Insurance Brokers (Pvt) Ltd, is a fully licensed intermediary under the Insurance Regulatory Commission of Sri Lanka (IRCSL), pecializing in corporate insurance solutions across property, liability, motor, and employee benefit lines, providing customized risk management support for leading organizations.
