Alkagesta, a commodity trading house that began in St. Julian's, Malta, in 2018, has grown to operate in 42 countries, establishing offices in locations such as Geneva, London, Dubai, and Singapore. The Malta Independent reported that the company's traded volume increased significantly from 137,000 metric tons in 2018 to more than 7.2 million tons by 2024.
Initially focusing on logistics and securing strategic storage in the Mediterranean, Alkagesta expanded into arbitrage petroleum cargoes east of Suez and fertilizer trading in 2019. This shift marked its transition from a regional operator to a global player in various strategic commodities, as stated by the publication.
By 2023, the company had strengthened its European storage network, and in 2025, it entered Singapore, a key hub for global petroleum trading. These strategic moves provided Alkagesta with optionality, enabling it to balance markets, capture arbitrage opportunities, and deliver cargoes using its time-chartered vessel fleet.
The Malta Independent highlighted Alkagesta's early commitment to environmental, social, and governance (ESG) principles, publishing its first report in 2021. The company invested in a Used Cooking Oil (UCO) recycling plant, launched a biofuels trading desk, and secured ISCC EU certification for renewable fuels, collecting over 1.6 million kilograms of UCO by 2024.
Today, Alkagesta's product coverage includes petroleum, fertilizers, petrochemicals, biofuels, and agricultural commodities, supported by 28 global banking partners and 17 local presences. The company's governance adheres to EU, US, Swiss, UK, and UN regulations, according to the publication.
Looking ahead, Alkagesta plans to roll out 0.1% ULSFO supply across the Mediterranean under IMO 2025 regulations and scale its biofuels business globally, positioning itself as a partner in the energy transition, the Malta Independent reported.
