Energy Trading
Alkagesta brings EU ETS allowances onto one desk with SAF and biofuels
Ship & Bunker reports that the Malta-based trader now offers EU ETS allowances alongside CORSIA-eligible SAF and biofuels, as ETS2 and ReFuelEU widen compliance obligations.
Alkagesta, the Malta-headquartered commodity trading company, has added European Union Emissions Trading System (EU ETS) allowances to its carbon trading offering, according to a report published by Ship & Bunker. The trade title said the company confirmed the move in an emailed update, positioning allowances trading next to its existing physical fuels business.
The commercial logic, as set out in the company statement quoted by Ship & Bunker, is the scheme's reach beyond the borders of the European Union. Any company dealing with or operating in EU territory falls within scope, which the trader said added to the appeal given it trades biofuels, Brent crude, naphtha, fertilizers and jet fuel from hubs including Malta, Singapore, Turkey and Romania.
For shipping and aviation counterparties, the practical question is how many trading relationships a compliance programme requires. Anthony Guida, Biofuels Trading Desk Lead at Alkagesta, said in the statement that trading EU ETS allowances alongside the company's CORSIA-eligible SAF and biofuels business allows it to support clients across a much wider set of carbon obligations from one desk. He added that as ETS2 brings smaller businesses into scope and ReFuelEU blending requirements ramp up, a single trading partner across allowances, credits and physical fuel supply is becoming increasingly valuable.
The EU ETS has operated since 2005 across several energy-intensive sectors and was extended to shipping in January 2024, phasing carbon costs into voyage economics for vessels calling at EU ports. The claims and figures above are limited to those present in the Ship & Bunker report and the company statement it quotes.
Source attribution
This report was written by the Global Freight editorial desk based on material published by Ship & Bunker. It is an original summary and analysis, not a reproduction of the source text. Figures and claims are limited to those present in the source material.
Alkagesta Adds EU ETS to Carbon Trading OfferingGlobal Freight Briefing
The commodity and freight brief, twice weekly
Concise coverage of fuel oil, energy trading and shipping markets for professional readers. No promotional content.
Related coverage
Related blogs
Further reading across commodity trading, energy and oil markets, fuel oil and shipping logistics.
- Energy Trading
Alkagesta adds EU ETS allowances to its carbon trading offering
The Malta-based commodity trading group has extended its carbon markets desk to cover EU Emissions Trading System allowances alongside CORSIA-eligible SAF and biofuels.
- Energy Trading
Alkagesta granted access to NATO jet fuel pipeline system in Europe
Access to the CEPS network positions the trader to move jet fuel and SAF into major European airports.
- Fuel Oil Logistics
Alkagesta signs multi-year biofuel storage agreement in Antwerp
The Malta-based trading house has secured multi-year tank capacity in Antwerp, deepening its footprint in the northwest European biofuels market.
- Fuel Oil Logistics
Alkagesta strengthens position across the European biofuels value chain
Trade press reports describe a build-out spanning feedstock through to blended supply.
- Market Intelligence
Alkagesta Completes Debut Truck-to-Ship Bunkering in Constanța
Commodity trader Alkagesta has expanded its Romanian distribution network by conducting its first truck-to-ship marine gasoil delivery at the port of Constanța.
- Commodity Trading
Alkagesta Agrees Energy Petrol Deal in Türkiye, Adding Its First Vessels
The energy trader says its agreement to acquire the Turkish marine-fuel distributor includes eight vessels and expands its direct supply capabilities. Financial terms were not disclosed.