Mercuria Energy Group

About Mercuria

Mercuria is an independent energy and commodities trading group founded in 2004 in Geneva by Marco Dunand and Daniel Jaeggi. The company trades crude oil and petroleum products, natural gas and LNG, power, coal, biodiesel, base metals, agricultural commodities and emission allowances. The business model includes, alongside physical trading, the structuring of financing, investments in strategic assets as well as logistics services; a growing segment is net-zero solutions for the energy transition. Through subsidiaries such as Minerva Bunkering (marine fuel bunkering) and Henry Bath (metal warehousing), the group offers additional services along the value chain. Mercuria is privately owned by the founders, employees and strategic investors, employs more than 1400 people from more than 65 nations at over 30 locations and operates in more than 50 countries on five continents.

Site

Geneva

Processes

Trading in energy and commodities (oil, petroleum products, natural gas/LNG, power, coal, biodiesel), Structuring of financing, Investments in strategic assets, Logistics services, Net Zero Solutions, Bunkering services (Minerva Bunkering), Metal warehousing (Henry Bath)

Materials

Oil, petroleum products, natural gas/LNG, power, coal, biodiesel, Base metals and technology metals, Agricultural commodities and emission allowances

Founded

2004

Employees

1400+

Industries

Energy, Commodity trading, Metals and mining, Shipping/bunkering, Renewable energies, Battery recycling

1. 01

   Sourcing and physical commodity trading

2. 02

   Structuring of financing

3. 03

   Logistics and storage (including Henry Bath, terminals)

4. 04

   Bunkering services (Minerva Bunkering)

5. 05

   Investments in strategic assets and net-zero solutions

Trading Products and Services

Locations

History

1. 2004

   Founded in Geneva by Marco Dunand and Daniel Jaeggi; previously, takeover of control of the J&S Group

2. 2010

   Acquisition of MGM International Group from Morgan Stanley

3. 2013

   Purchase of the commodities division of JPMorgan Chase for approx. USD 3.5 billion (completed 2014); sale of 50% of the terminals to Sinopec

4. 2016

   ChemChina takes a 12% stake; CMSTD invests in Henry Bath

5. 2017

   Andes Energia combination with Trefoil Holdings/PETSA to form Phoenix Global Resources (Vaca Muerta, Argentina)

6. 2018/2019

   Acquisition of 30% and subsequently of the insolvent Aegean Marine Petroleum Network, restructuring into Minerva Bunkering

7. 2021

   Investments in TechMet, The Mobility House; acquisition of Beyond6 (later sold to Chevron); Minerva Bunkering starts service in Yanbu and Jeddah

8. 2022

   Record profits as a result of market volatility; investment in Nth Cycle

9. 2023

   ClearFlame Series B investment; Minerva Bunkering starts Suez Canal/Egypt service; TechMet-Mercuria partnership with ABTC

10. 2024

    JV with Zambian IDC for a metals trading company; planned entry into the Japanese power market

11. 2025

    Gross revenue USD 128 billion; total equity USD 6.3 billion; part of the Bunkering Services Initiative (ARA region)

12. 2026

    Continental Resources acquires 50% of Phoenix Global Resources (JV with Mercuria)