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Forbes Daily Briefing

Meet The Billionaire Behind Private Company Giant Tricon Energy

Forbes Daily Briefing

Forbes

Careers, Entrepreneurship, News, Business

4.612 Ratings

🗓️ 7 January 2026

⏱️ 5 minutes

🧾️ Download transcript

Summary

Amid the worst market for chemicals in 20 years, Michelin-starred restaurant owner and commodities trader Ignacio Torras says his Houston-based Tricon Energy is having the best year ever.

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Transcript

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0:00.0

Here's your Forbes Daily Briefing for Wednesday, January 7th.

0:05.4

Today on Forbes, meet the billionaire behind private company giant TriCon Energy.

0:12.7

Ignacio Torres takes a nap every afternoon.

0:16.2

On days when the founder and CEO of Commodities trader, TriCon Energy, is working out of his high-rise

0:22.1

headquarters in Houston, he snoozes in his white leather Eames recliner in the corner of his

0:27.3

glass-walled office. Torres, who is 61 years old, cares not a wit that the trader is responsible

0:33.7

for much of Tri-Con's $13 billion in annual revenues can watch him sleep. A nap

0:40.2

needn't be long. He says, quote, just enough to clear the mind. It's his key to juggling many

0:47.3

balls. That includes everything from waking up at 4 a.m., checking in on his two Spanish restaurants

0:53.2

in Houston, including Michelin-starred

0:55.4

BCN taste and tradition, to attending Mass with his wife Isabel at least a couple times a week,

1:01.6

to hosting bi-weekly soccer scrimmages on the backyard pitch behind his sprawling Spanish-styled home.

1:08.3

Of course, much of his time is focused on Tricon Energy, his $13 billion in

1:13.8

$24 revenue company that, in December, debuted at number 35 on Forbes's list of the 200 biggest

1:21.3

private companies in America. TriCon moves roughly 24 million tons of chemicals around the world each year.

1:29.7

These are mostly commodities like polypropylene for making plastic sheets, and xylene

1:34.9

and methanol, key ingredients in plastic bottles and polyester fabric.

1:40.3

His biggest seller is pellets of polyethylene resin, little chunks of plastic that Tricon

1:45.6

buys from the world's biggest chemicals producers, like ExxonMobil, Lionel Basel, Shell,

1:52.5

and Dow Chemical, and resells to manufacturers who will melt and reform them into toys,

1:58.2

bottle caps, and car parts.

2:02.8

Unlike hedge funds or paper traders,

...

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