STX Group

We’re looking forward to the kickoff of COP29 Azerbaijan next Monday and to engaging with global leaders on advancing climate action. This year, our experts will take part in discussions on pivotal topics for achieving climate goals and accelerating the energy transition: the New Collective Quantified Goal (NCQG) for Climate Finance, strategies for public-private collaboration, and pathways to advance energy efficiency, renewable capacity, methane reduction and storage standards. Representing STX at COP29 will be Maciej Antczak, Managing Partner; Ilmari Lastikka, Head of Regulatory and Policy Affairs; Kevin Duisters, Global Head of Structured Carbon Trading; and Carlos Garcia, Business Development Manager. Reach out to our team to meet up in Baku!

We're thrilled to announce the launch of the new maritime decarbonization solution, FuelEU Compliance Unit, in partnership with AZOLLA, a key decarbonization solutions provider for the maritime industry. Starting January 1, 2025, the European maritime industry will take a major step towards net-zero with the introduction of FuelEU Maritime. This new regulation aims to accelerate the adoption of renewable fuels, helping the sector reduce emissions and operate more sustainably. Our new solution will enable shipowners and fleet managers to achieve seamless compliance with this regulation. Our solution simplifies the process, making it easy to meet FuelEU Maritime standards while staying efficient and competitive. Find out more in the below press release: https://lnkd.in/eFAGNCWX

Meet Toghrul Garashov, Trade Operations Manager at STX Group. With a background in environmental studies and experience in traditional oil trading, Toghrul brings a unique perspective on sustainability and commercial outlook to our Trade Operations team. His journey from oil trading to focusing on environmental commodities highlights his adaptability, resilience and strong commitment to a sustainable future. Discover more insights in the full interview: https://lnkd.in/epzeAkhC

We’re thrilled to publish our 2023 Sustainability Report! At STX Group, our goal of promoting global decarbonization shapes every aspect of our operations and is embedded in our values. This report showcases the results of our commitment to best practices and rigorous assessment, offering insights to how we are achieving our sustainability goals through our actions and efforts. In 2023, we made impact through our dedicated decarbonization efforts. This included trading environmental commodities, supporting clients in their decarbonization goals, reducing our emissions and enhancing ESG practices within our operations. Explore our sustainability journey and discover how we are enabling a greener world in our report: https://lnkd.in/ehmWDxv8

Bart Wesselink, Chief Financial and Risk Officer and Jan Huijbregts, Finance Director at STX Group had the pleasure of speaking with Ralph Ivey at TXF about our continuous growth and ambitions in the climate finance space. Overcoming key challenges like risk perceptions, knowledge gaps and growing concerns around greenwashing, we’ve achieved financial progress and are paving the way for further innovation in sustainable finance. This achievement shows our commitment to building trust and transparency in the environmental commodities market, helping investors and stakeholders embrace a greener future with confidence. Read the full article here (requires subscription): https://lnkd.in/egSFQhuF

S&P Global Commodity Insights highlights certification and tracking systems in Europe and the U.S. provide a reliable framework for ensuring transparency and promoting the growth of RNG. "We welcome the publication of this study. Certification and tracking systems for biomethane and RNG are crucial parts of enabling the efficient use of sustainable energy sources in compliance markets, significantly contributing to robust decarbonization efforts globally,” said Sead Keric, Managing Partner for Renewable Gas at STX Group.” In the EU, Guarantees of Origin and Proof of Sustainability certification support biomethane capacity development. In the U.S., market-based policies, such as the Renewable Fuel Standard and California's Low Carbon Fuel Standard, are key drivers of RNG capacity development and GHG emission reductions. Also, further clarity from GHG Protocol on the use of these market instruments would boost uptake. As markets evolve, certificate values will increasingly drive biomethane growth in both compliance and voluntary markets, bolstering efforts to achieve ambitious emissions reduction targets in both regions." For further insights, you can read the EBA press release here: https://lnkd.in/eQpAjv_v

The U.S. biofuels industry hit a new milestone in 2023, with biofuel production capacity growing by 7% to 24 billion gallons per year. The standout? A 44% increase in renewable diesel and other biofuels, including sustainable aviation fuel and renewable heating oil. This growth, driven by state and federal incentives and new plant expansions, is crucial to decarbonizing the transportation, heating and aviation sectors. As we move toward a low-carbon future, biofuels play a key role in reducing emissions and ensuring energy security. At STX Group, we’re committed to helping businesses capitalize on the momentum in biofuels through our expertise in bio-fuels and bio-certificates trading. As pioneers in this dynamic and evolving market, we provide tailored solutions that allow companies across sectors—renewable energy providers, utilities, industrial and oil companies—to meet their regulatory and voluntary climate targets. From sourcing liquid biofuels like HVO and biodiesel to supporting the integration of biomethane and green hydrogen, we empower our clients to make impactful strides toward a low-carbon future. https://lnkd.in/ehHSuCne

Our specialists had the pleasure of sharing their thoughts with Bunkerspot on how shipping companies can navigate maritime regulatory changes and develop a robust decarbonization plan.    The maritime industry is facing an era of unprecedented complexity. Geopolitics, shifting global demand and evolving trade tensions are now compounded by an increasingly stringent regulatory landscape.   With the International Maritime Organization (IMO) targeting net-zero emissions by 2050, the industry must adapt quickly, with sub-targets of 20% emission reductions by 2030 and 70% by 2040.  The EU has also stepped up, expanding its Emissions Trading System (ETS) to include maritime in 2024. These policies not only mandate significant reductions in greenhouse gas (GHG) emissions but also impose penalties for non-compliance. For the shipping industry, flexibility is key. Dual-fuel engines, alternative fuels and innovative solutions are becoming essential strategies to reduce costs, manage volatile fuel prices and stay compliant. However, as the competition for green feedstocks across sectors intensifies, long-term planning is more crucial than ever. At STX, we understand the complexity of this transition and offer tailored strategies to help navigate the regulatory and market challenges ahead. 

As we reflect on the past six months, we are proud of the innovative solutions we have delivered, rethinking the boundaries of global decarbonization and environmental commodities. Innovation is at our core, driving us to break market inefficiencies, boost strategic collaboration and find new opportunities everywhere. Let's celebrate the achievements of the past half year and keep our sights set on creating a lasting, positive impact: 🔹 Securing transferable tax credits from a solar project in the US: by simplifying corporate access to renewable energy tax credits under the Inflation Reduction Act, we democratize tax equity benefits and empower companies to reinvest savings directly into sustainability initiatives, accelerating their path to net zero. 🔹 Delivering biogenic CO2 for sustainable e-fuel production: our partnership with Norsk e-Fuel is advancing carbon capture and scaling e-fuels production for aviation industry, which can reduce emissions by up to 99% and decarbonizing a key sector. 🔹 Completing the largest-ever ship-to-ship liquified biomethane delivery: collaborating with Hapag-Lloyd and Titan Clean Fuels, we enabled a major ship-to-ship bunkering operation, demonstrating it as a practical, scalable low-emission fuel and paving the way for low-carbon shipping worldwide. 🔹 Expanding our environmental credit facility up-to EUR 375 million: This significant increase from the previous EUR 150 million is evidence of the growing importance of environmental products in commodities trading and shows our commitment to support the growth of environmental commodities, enhancing our ability to finance sustainable projects and drive meaningful impact in the transition to a low-carbon economy. Our innovations have been recognized by Energy Risk Awards 2024 as “Climate Risk Manager of the Year”, TXF awarding our Borrowing Base, initially launched last year, as “Green Energy Commodity Finance Deal of the Year” and our fast and sustainable growth earned us a spot in the list of top 250 fastest-growing companies in The Netherlands by the Erasmus Center for Entrepreneurship. These achievements reflect our entrepreneurial spirit and determination to be a force for good that questions the status quo. Here’s for the next six months!

Today marks World Hydrogen Day and the industry finds itself on the brink of a new chapter – the one we’ve been building towards for years. The journey of hydrogen has taken us through curiosity, excitement, bold declarations and scepticism. While the call for immediate results and 'all or nothing' approaches have sometimes overshadowed real progress, the future of hydrogen is far more practical and promising than ever before. We all want a world where this energy dense, zero emission molecule can freely flow through vast pipeline networks, connecting low cost of production with high demand, but it’s unrealistic to think this is just around the corner. We need to be working on that in parallel to building out production. Synthetic fuels like e-methane give us an ideal; interim solution to our transport and use-case problem. Capturing carbon dioxide and producing hydrogen are essential for the long term. Temporarily bringing them together to give economic viability to projects derisks the investment and ensures when our hydrogen pipelines are ready, there will be ample supply to use them. Although giga projects have faced challenges, this has paved the way for solutions grounded in reality with practical routes to the market. While we work towards hydrogen’s full potential, synthetic fuels such as e-methane are providing an interim solution, capturing CO2 and producing hydrogen to ensure economic viability today. At STX, our commitment to low-carbon solutions is unwavering. We continue to build our RFNBO portfolio alongside biofuels, offering tailored and compliant energy options to clients across the globe.