Alkagesta adds EU ETS allowances to its carbon trading desk
The Malta-based commodity trader will trade EU emissions allowances alongside its CORSIA-eligible SAF and biofuels business, giving clients a single counterparty across allowances, credits and physical fuel supply.
Alkagesta, the Malta-based commodity trading house, has added European Union Emissions Trading System (EU ETS) allowances to its carbon trading offering, according to a company update reported by Ship & Bunker.
The trader said the scheme's relevance to its business stems from its reach beyond the European Union itself, since the system affects any company dealing with or operating in EU territory. Alkagesta trades biofuels, Brent crude, naphtha, fertilizers and jet fuel among other products, from hubs including Malta, Singapore, Turkey and Romania.
The EU ETS has operated since 2005 across several energy-intensive sectors and was extended to shipping from January 2024, bringing vessel operators calling at EU ports into scope for surrendering allowances against their emissions.
"Trading EU ETS allowances alongside our CORSIA-eligible SAF and biofuels business means we can support clients across a much wider set of carbon obligations from one desk," said Anthony Guida, Biofuels Trading Desk Lead at Alkagesta.
Guida added that as ETS2 brings smaller businesses into scope and RefuelEU blending requirements ramp up, having a single trading partner across allowances, credits and physical fuel supply is becoming increasingly valuable, and that the company is well placed to support that shift.
For shipowners and charterers, the combination of compliance instruments and physical supply in one relationship reduces the number of counterparties needed to manage EU ETS exposure alongside biofuel and sustainable aviation fuel procurement.
