The company said its presence in Essen broadens its sourcing and shipping capabilities to deliver coal from its US operations to European customers.
Peabody Energy president and chief commercial officer Richard Navarre said Germany is a European commodities hub, and the Essen office further strengthens the company’s access to growing markets for seaborne coal on the continent.
According to the company, the European customers are increasingly turning to coal to displace nuclear generation and high-cost natural gas.
