Global commodity trading house Alkagesta has signed a multi‑year lease agreement for biofuel storage at the Pantank facilities in Antwerp, Belgium, Biofuels International reported on 25 March.
Alkagesta operates around 700,000m³ of storage capacity across Europe and Asia, with its largest concentration of assets located in the Mediterranean region.
According to biofuels trader Anthony Guida, the additional capacity in Antwerp was expected to help connect smaller producers with European biodiesel markets and support efforts to meet regional sustainability and blending requirements.
The move was expected to add flexibility and liquidity to a sector that has been navigating heightened volatility in global fuel markets, Biofuels International wrote.
While geopolitical tensions have driven sharp swings in crude and refined product prices, the biofuels market has remained comparatively stable, according to the report.
Analysts attributed this to diversified feedstock supply chains and the support of European blending mandates.
Market participants noted that recent disruptions had been felt more in logistics and feedstock spreads than in underlying demand, increasing the value of storage and adaptable supply chains, the report said.
Established in Malta in 2018, Alkagesta specialises in biofuels, fertilisers and petroleum products.
The company’s biofuels desk trades used cooking oil (UCO), food‑waste‑derived oils, soapstock acid oils and biodiesel.
