What MIECO does

MIECO LLC is a wholesale energy trading and marketing company headquartered in Long Beach, California, operating as an indirectly wholly owned subsidiary of Marubeni Corporation, one of Japan's largest general trading companies (sogo-shosha). Founded in 1984, MIECO operates across North America with 60+ staff organized into four business units and eight regional offices spanning the U.S. West Coast (Long Beach, Bend), Mountain West (Salt Lake City, Denver), Texas (Dallas, Houston), Northeast (Newark), and Canada (Calgary). The company runs three core divisions: Natural Gas (physical gas supply, pipeline capacity management, storage, and scheduling across 100+ pipeline systems spanning Canada, the U.S., and Mexico), Petroleum Products West (distillates, gasoline, jet fuel, kerosene, and biodiesel on the Pacific Coast), and Petroleum Products East (heating oil, LPG, and wholesale fuels in the Northeast).

The company's core technology consists of a 24/7 trading and scheduling platform that maintains nominations, confirmations, balancing, and pipeline coordination across every cycle and weekend day, supported by a modernized trade management system introduced in 2022. Its competitive positioning rests on direct regional expertise in every major North American production basin and consumption market, integrated transportation portfolios, and a risk management framework that supports NYMEX-backed hedging programs and inventory financing structures for customers.

MIECO generates revenue through transaction-based wholesale trading of natural gas and petroleum products, with flexible pricing structures including daily index pricing, rack-based pricing, fixed-price supply agreements, and structured commodity risk management services. The go-to-market is relationship-driven B2B sales targeting utilities, fuel distributors, refineries, and energy-intensive industrial customers, with multi-year contracts and many customer relationships spanning more than a decade. The company does not publicly disclose revenue figures and operates entirely under the Marubeni Group ownership structure.

Name

MIECO

Legal name

MIECO LLC

Website

https://mieco.com

Company type

Private

Founded year

1984

Operating status

Operating

Headcount range

51–100 employees

Short description

MIECO is a North American wholesale energy trader and physical commodity supplier — natural gas and petroleum products — serving utilities, distributors, refineries, and industrial customers under Marubeni Corporation ownership.

Ownership category

akta.pro rank

Product category

Wholesale Energy Trading and Marketing

NAICS

Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals) (424720), Petroleum Bulk Stations and Terminals (424710)

SIC

Wholesale-Petroleum & Petroleum Products (No Bulk Stations) (5172), Wholesale-Petroleum Bulk Stations & Terminals (5171)

akta.pro primary industry

Branded Fuels Wholesaling & Jobber Distribution (EUALAIAB)

akta.pro secondary industries

Biofuel Distribution & Fuel Marketing (Wholesale/Retail) (EUAAAHAI), Distributed Energy & Gas Solutions Sales (CHP, Microgrids, On-site Gas Supply) (EUAAADAJ)

Keywords

• Wholesale energy trading
• Natural gas supply
• Petroleum products distribution
• Energy commodities marketing
• Fuel supply services

Headquarters

HQ city

Long Beach

HQ country

United States

HQ region

North America

Offices8 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Wholesale Energy Trading: MIECO generates revenue through the wholesale trading and marketing of petroleum products and natural gas. Revenue is derived from physical supply, logistics coordination, and commercial support services including transportation, storage, and risk management.
2. Petroleum Products Supply: Wholesale fuel supply including distillates, gasoline, heating oil, kerosene, jet fuel, and propane through terminal, pipeline, barge, and truck rack networks. Revenue from flexible pricing structures including index pricing, fixed pricing, and structured commodity risk management services.
3. Natural Gas Supply and Services: Physical natural gas trading, pipeline capacity management, storage coordination, and scheduling services for utilities, industrial customers, and wholesale partners. Revenue from firm and interruptible supply agreements, transportation optimization, and storage services.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels3 records

Core offering

MIECO is a wholesale energy trading and marketing company that buys, sells, and physically delivers petroleum products (gasoline, distillates, jet fuel, kerosene, biodiesel, heating oil, LPG/propane) and natural gas across North America. The company provides integrated energy solutions including physical supply, 24/7 trading and scheduling, pipeline capacity management, storage, transportation coordination, hedging and risk management, and inventory financing to utilities, distributors, refineries, and industrial customers.

Product overview

MIECO is an energy trading and supply company organized as a platform of specialized divisions providing physical commodity trading and marketing services. The company operates three core divisions: Natural Gas (with five offices spanning Calgary, Denver, Salt Lake City, Dallas, and Houston managing physical gas supply across major North American hubs), Petroleum Products West (supplying distillates, gasoline, jet fuel, kerosene, and biodiesel from Long Beach and Bend), and Petroleum Products East (providing wholesale heating oil, LPG, and fuel products from Newark). These divisions are supported by integrated services including 24/7 trading and scheduling, pipeline capacity management, storage and balancing, NYMEX hedging programs, and inventory financing. The portfolio is unified by a strong risk management framework and full price transparency across all divisions.

Differentiator

Problem solved

Functional benefit

Products and services

• Natural Gas Supply and Marketing Physical natural gas trading, pipeline capacity management, storage coordination, and scheduling services for utilities, industrial customers, and wholesale partners across major North American hubs. Services include firm and interruptible supply agreements, transportation optimization, storage services, and hedging programs with NYMEX-backed strategies.
• Petroleum Products West Supply West Coast wholesale supply of distillates, gasoline, jet fuel, kerosene, and biodiesel backed by 24/7 trading, logistics coordination, and disciplined risk management from offices in Long Beach and Bend. Serves distributors, fleets, and wholesale fuel providers across the Pacific Coast.
• Petroleum Products East Supply Dependable wholesale heating oil, LPG/propane, and other distillate fuels for distributors and resellers in the Northeast, with seasonal supply, truck rack and barge logistics, inventory financing, and structured hedging support.
• Pipeline Capacity Management and 24/7 Scheduling Transportation portfolios across major interstate and intrastate pipelines, optimized to move gas reliably from producing basins to end use markets. Dedicated trading and scheduling teams provide around-the-clock operational support, maintaining nominations, confirmations, balancing, and pipeline coordination across every cycle and weekend day across more than 100 pipeline systems.
• Storage and Balancing Services Storage capacity and balancing services designed to manage seasonal demand swings, weather-driven volatility, and day-to-day load variability for natural gas customers.
• Hedging and Risk Management Programs Physical supply combined with NYMEX-backed hedging strategies to support price stability and commodity risk management for natural gas customers.
• NYMEX Hedging Support Hedging programs executed through the New York Mercantile Exchange to help petroleum products customers lock in margins and manage exposure.
• Inventory Financing Asset-backed financing structures that let petroleum distributors and wholesalers hold larger inventory positions without tying up their own working capital.

Named customers4 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Nine partnerships are on record, tiered core and minor.

• Marubeni CorporationcoreOthersTokyo-based sogo-shosha (general trading company) with global operations across energy, metals, infrastructure, food, chemicals, and finance. MIECO's ultimate parent company. MIECO was founded in 1984 as a 100% subsidiary of Marubeni Corporation. The partnership provides financial strength, global reach, and trading expertise.
• Marubeni America CorporationcoreOthersMarubeni's U.S. headquarters coordinating the group's businesses across the Americas. MIECO's direct parent since 2020. Provides corporate governance and alignment with Marubeni Group operations.
• ExxonMobilminorOthersLarge U.S. petroleum producer included in MIECO's supply chain. Sourcing partner for petroleum products.
• ValerominorOthersLarge U.S. petroleum producer included in MIECO's supply chain. Sourcing partner for petroleum products.
• ParklandminorOthersCanadian petroleum producer included in MIECO's supply chain. Sourcing partner for petroleum products.
• SuncorminorOthersCanadian petroleum producer included in MIECO's supply chain. Sourcing partner for petroleum products.
• Imperial OilminorOthersCanadian petroleum producer included in MIECO's supply chain. Sourcing partner for petroleum products.
• ICE NGXminorOthersNatural gas exchange and trading platform. Denver traders conduct trading on ICE (Intercontinental Exchange). Counterparty for natural gas trading activities.
• ChevronminorOthersLarge natural gas producer and trader in the United States and Canada. Included as a counterparty in MIECO's natural gas supply chain.

Scale indicators5 records

Recent moves11 records

Expansion highlights8 records

Regional players

• Tenaska: U.S.-focused energy company with natural gas and power marketing/trading operations serving utilities and industrial customers, comparable to MIECO's North American natural gas division.

Broad incumbents

• J Aron and Company (Goldman Sachs): Wall Street commodity trading franchise with physical and financial natural gas and refined products operations, competing for similar wholesale and industrial customers.
• Gunvor Group: Independent global commodity trader with significant North American physical trading of natural gas and refined products, comparable in model to MIECO's wholesale energy operations.
• Vitol: World's largest independent energy trader, with extensive North American physical natural gas and refined product operations that overlap with MIECO's core wholesaling business.
• Trafigura: Global commodity trading major with a North American presence in crude, refined products, and natural gas, competing for similar mid- and downstream wholesale customers.
• Macquarie Energy: Large established commodity trading franchise within Macquarie Group, competing for similar utility, industrial, and wholesale natural gas and petroleum customers in North America.

Direct peers

• Hartree Partners: Private commodities and energy merchant with physical natural gas, power, and refined products trading across North America, comparable in business model and customer mix to MIECO.
• Castleton Commodities International: Privately-held global energy merchant focused on physical and financial trading of natural gas, power, and petroleum products, with a similar relationship-driven North American wholesale model.
• Freepoint Commodities: Privately-held merchant focused on physical and financial energy trading, including natural gas and refined products across North America — a structurally similar peer to MIECO.
• Mercuria Energy Trading: Global commodity trading house with significant North American natural gas and crude product wholesale and trading operations, directly comparable to MIECO's core physical supply and trading business.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/mieco-inc.

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about MIECO