News

9/01/2024

Trafigura Foundation Supports Flood Relief Efforts in China

Since mid-August, Huludao in Liaoning Province has faced unprecedented rainfall, reaching five times the area’s annual average. This historic flooding has severely affected one of China’s poorest regions, impacting 2,470 households across 9 villages. Over 50,000 people have been evacuated, and the floodwaters have destroyed most homes, which were primarily made of brick and tile, leaving many families without shelter.

In response to this crisis, the Trafigura Shanghai office has urgently allocated funding. Nearly half of this amount will be used for immediate relief efforts, providing food and essential supplies to the victims. The remainder will be reserved for potential secondary disasters later this year. 

The funds are granted directly to a local organisation capable of quickly assessing disaster situations and delivering aid to those in need.