STX Group

What STX Group does

STX Group is a global environmental commodities trader founded in 2005 in Amsterdam, Netherlands, operating through a multi-brand platform spanning physical and financial trading of carbon credits, Energy Attribute Certificates (RECs, I-RECs, GoOs), biomethane, biofuels, feedstocks, and compliance instruments across EU ETS, UK ETS, CBAM, CORSIA, and US programs (RGGI, CCA, LCFS). The company serves enterprise and industrial clients across verticals including Automotive, Chemicals, Telco/Data Centers, Pulp & Paper, Aviation, Maritime, and Industrial Compliance, providing market access, liquidity, and execution certainty in fragmented environmental markets. Its operating structure comprises wholly-owned sub-brands: STRIVE by STX (corporate decarbonization advisory), Vertis (MiFID II-regulated emissions trading firm), Marine Olie (waste-based advanced feedstock trader acquired December 2024), and the STX Climate Tech Platform (digital EAC management platform launched December 2025).

The company generates revenue through four primary streams: (1) environmental commodities trading via bid-ask spreads and structuring fees across compliance and voluntary markets globally; (2) advisory and climate strategy consulting fees through STRIVE; (3) facilitation fees on US federal tax credit transfers (IRA credits including 45Z, ITC, PTC); and (4) compliance program management through Vertis. The technology stack centers on the STX Climate Tech Platform for EAC management, automated reporting, and registry compliance, alongside Germany's leading THG Quoten trading platform. STX holds 500+ professionals from over 50 nationalities across 14 offices globally, with geographic expansion spanning Amsterdam (HQ, 2005), New York (2016), Singapore (2021), Mexico City (2023), and Houston. Notable 2025 transactions include a record US$1B in tax credit transfers facilitated and a $419M credit facility refinancing, signaling balance sheet scale rare among environmental commodities intermediaries.

Name

STX Group

Legal name

STX Commodities B.V.

Website

https://stxgroup.com

Company type

Private

Founded year

2005

Operating status

Operating

Headcount range

251–500 employees

Short description

STX Group is a global environmental commodities trader (founded 2005, Amsterdam) serving enterprise and industrial clients across carbon, energy, fuels, and compliance markets via sub-brands STRIVE (advisory), Vertis (compliance trading), and Marine Olie (feedstocks).

Ownership category

akta.pro rank

Product category

Environmental Commodities Trading

NAICS

Securities and Commodity Contracts Intermediation and Brokerage (5231), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Commodity Contracts Brokers & Dealers (6221)

akta.pro primary industry

Renewable Energy Certificate (REC) Trading & Brokerage (EUAGAFAA)

Keywords

• Environmental commodities trading
• Carbon credit brokerage
• Renewable energy certificates
• Decarbonization advisory services
• Biofuels feedstock trading

Headquarters

HQ city

Amsterdam

HQ country

Netherlands

HQ region

Europe

Offices6 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Supply Chain

Revenue model

1. Environmental Commodities Trading: STX Group trades physical and financial environmental commodities including carbon credits, RECs, I-RECs, GoOs, biomethane, biofuels, feedstocks, compliance tickets (LCFS, THG, CORSIA), and tax credits. Revenue is generated through bid-ask spreads, structuring fees, and market-making across compliance and voluntary markets globally.
2. Advisory & Climate Strategy (STRIVE): STRIVE by STX provides corporate decarbonization advisory services including strategy development, supplier engagement, regulatory compliance, and financing support. Revenue is generated through consulting fees and retainer arrangements.
3. Clean Energy Tax Credit Monetization: STX facilitates the transfer and monetization of US federal tax credits (IRA credits including 45Z, ITC, PTC) for clean energy project developers. Revenue generated through facilitation fees on transfers.
4. Compliance Program Management (Vertis): Vertis supports companies in managing carbon compliance obligations across EU and UK Emissions Trading Systems, CBAM, and CORSIA, generating revenue through trading intermediation and advisory.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels6 records

Core offering

STX Group is a global environmental commodities trader providing physical and financial solutions across compliance and voluntary systems for carbon, energy, fuels, gas, and feedstock markets. The company connects organizations needing decarbonization with those delivering measurable emissions reductions through market access, liquidity, price transparency, structured finance, and compliance management, supplemented by advisory services (STRIVE), MiFID II-compliant emissions trading (Vertis), and feedstock supply (Marine Olie).

Product overview

STX Group operates as a global environmental commodities trading platform with a multi-brand portfolio architecture. The core offering combines the main STX Group trading platform (physical and financial environmental commodities across compliance and voluntary markets) with specialized sub-brands: STRIVE by STX (corporate advisory for decarbonization strategy), Vertis (MiFID II-compliant emissions trading), and Marine Olie (feedstock trading for biofuels). The product suite spans Energy Attribute Certificates (RECs, I-RECs, GoOs), Energy Efficiency Certificates, Clean Energy Tax Credits, Biomethane & Bio-LNG, Biofuels & Feedstocks, ETS & Compliance Programs, Carbon Credits, Structured Finance Solutions, and digital platforms including the STX Climate Tech Platform and THG Quoten for Germany compliance.

Differentiator

Problem solved

Functional benefit

Brands

• STRIVE by STX: Advisory arm of STX Group helping companies meet climate targets through high-impact and cost-efficient decarbonization strategies
• Vertis
• Marine Olie
• STX Climate Tech Platform

Products and services

• STX Group Environmental Commodities Trading Global environmental commodities trading platform offering physical and financial solutions across compliance and voluntary systems for energy, fuels, gas, and carbon markets, providing market access, liquidity, price transparency, and execution certainty to corporate and institutional clients.
• STRIVE by STX (Decarbonization Advisory) Advisory service helping companies meet climate targets through high-impact strategies and cost-efficient decarbonization pathways, including strategy development, supplier engagement, regulatory compliance, and financing support.
• Vertis Emissions Trading MiFID II-authorized emissions trading firm supporting companies in navigating carbon compliance schemes including EU ETS, UK ETS, CBAM, and CORSIA in a cost-effective manner.
• Marine Olie Feedstock Trading Trading of vegetable oils and fats delivering tailored feedstock solutions for biofuels, biomass, and animal feed, with in-house blending, laboratory, and storage capabilities in the ARA (Amsterdam-Rotterdam-Antwerp) hub.
• Energy Attribute Certificates (EACs)

Quantifiable outcome

• $9.3M in annual gross credit revenue expected for Eslinger Biofuels from STX partnership
• +2 more outcomes

Named customers2 records

Segments8 records

Ideal customer profiles8 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• Eslinger BiofuelscoreStrategic or Co-development Partner · 13 April 2026Landmark five-year, $48M offtake and credit monetization agreement between Eslinger Biofuels (Fresno-based CARB-certified bio-refinery) and STX Group. STX gains exclusive forward purchase rights to EBI's full compliance credit stack (D4 RINs, California LCFS credits, 45Z Clean Fuel Production Credits), expected to generate ~$9.3M annual gross credit revenue. EBI's 2028 facility expansion (renewable diesel and SAF) is supported by STX's structured market access.
• HeckshercoreGTM or Marketing Partner · 29 September 2025Hecksher launched Sustainable Aviation Fuel Certificates (SAFc) in partnership with STX Group. STX Group provides the market-based mechanism that decouples SAF's environmental attributes from the physical product, enabling companies to address air freight Scope 3 emissions. STX aggregates demand and provides access to SAFc for corporate buyers.
• AmerescocoreStrategic or Co-development Partner · 2 June 2025STX Group served as exclusive facilitator for Ameresco's sale of approximately $71M in RNG investment tax credits generated from three landfill-gas-to-RNG projects placed in service in 2024. This was Ameresco's first sale of RNG tax credits under IRA transferability rules, reflecting growing market confidence in RNG as a clean energy transition component.
• Marine OliecoreStrategic or Co-development Partner · 1 December 2024STX Group acquired Marine Olie (trader of waste-based advanced feedstocks) to create a globally leading feedstock trading platform under STX Group. Marine Olie's infrastructure in the ARA area (blending, lab, storage) combined with STX's market footprint creates a platform with improved market liquidity and superior risk management. Transaction approved by European Commission and closed December 1, 2024.
• Business Council for Sustainable Energy (BCSE)minorOthersSTX Group is a member of the Business Council for Sustainable Energy (BCSE), supporting sustainable energy policy and market development.
• International Emissions Trading Association (IETA)minorOthersSTX Group is a member of IETA, supporting the development of global carbon markets and emissions trading frameworks.
• Carbon Efficiency Business Association (CEBA)minorOthersSTX Group is a member of CEBA (Carbon Efficiency Business Association), supporting carbon market development and business sustainability.

Scale indicators10 records

Recent moves12 records

Expansion highlights6 records

Direct peers

• Evolution Markets: Evolution Markets is a financial services firm specializing in environmental commodities brokerage and advisory, including carbon credits, RECs, and renewable fuels — directly comparable to STX's trading and intermediation model across similar counterparties.
• Redshaw Advisors: Redshaw Advisors provides environmental markets advisory and brokerage across carbon, renewable energy certificates, and biofuel compliance — closely comparable to STX's STRIVE advisory and Vertis compliance trading offerings for corporate clients.

Broad incumbents

• Marex: Marex is a global commodities broker with a significant environmental markets desk trading carbon, RECs, and biofuel compliance instruments. Comparable as a broader incumbent with overlapping environmental commodity product lines, but operates across many more commodity classes.
• Mercuria: Mercuria is one of the world's largest independent commodities trading houses with growing environmental markets and biofuel trading exposure. Comparable to STX in its biofuel feedstock trading (post-Marine Olie) and physical commodity capability, but at much larger diversified scale.
• Vitol: Vitol is the world's largest independent energy trader with established biofuel and renewable feedstock trading operations. Comparable to STX's Marine Olie and biofuel value chain, but as a much broader energy commodities incumbent with global reach.
• TP ICAP: TP ICAP operates a substantial environmental markets brokerage desk (formerly Tullet Prebon) trading EU ETS, UK ETS, and carbon compliance instruments. Comparable to STX/Vertis in MiFID II brokerage of compliance credits, but as part of a much larger interdealer broker.
• Gunvor Group: Gunvor is a global commodities trader with renewable and biofuel trading activities. Comparable to STX in physical biofuel and feedstock trading, with environmental credit exposure, though as part of a much larger diversified trading portfolio.

Emerging players

• South Pole Group: South Pole is a major carbon credit project developer and corporate advisory firm focused on voluntary carbon markets and climate strategy. Comparable to STX's STRIVE advisory arm and voluntary carbon credit business, but focused more on project origination than intermediation.
• Climate Impact X: Climate Impact X is an Asia-based carbon exchange and marketplace for high-quality voluntary carbon credits. Comparable to STX in carbon credit trading infrastructure but operates a marketplace model versus STX's principal/broker intermediation model.

Regional players

• Pavilion Energy: Pavilion Energy is a Singapore-based LNG and natural gas trader with growing biomethane and LNG bunker fuel trading in Asia Pacific. Comparable to STX's Singapore presence and biomethane business, with regional focus on Asia rather than global.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/strivebystx
• Xx.com/stxservices

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries4 records

Funding overview

Funding rounds4 records

Investors8 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about STX Group