S.E.T. Select Energy
S.E.T. Select Energy GmbH is a Hamburg-based, family-owned physical energy trading company trading crude oil, gas, and refinery distillates globally, with growing positions in green ammonia, hydrogen, and aviation fuels.
- Company typePrivate
- Founded1985
- HeadquartersHamburg, Germany
- Headcount11–50
- GTM typeB2B
- OfferingServices
What S.E.T. Select Energy does
S.E.T. Select Energy GmbH is an independent, private, family-owned energy trading company headquartered in Hamburg, Germany, founded in 1985. The company operates across the full physical energy value chain—refining, financing, risk management, logistics, and local distribution—trading crude oil, gas (LNG, LPG, natural gas), and refinery distillates (gasoline, naphtha, kerosene, diesel, fuel oil, gasoil, VGO, bitumen, waxes, base oils). It reports $2B in revenue, 2.5 million tonnes of annual turnover, and $300M in credit lines from premium banks, private investors, and trade finance funds, supported by 100+ employees representing more than 20 nationalities.
The business is built on an integrated physical infrastructure that includes participations in product tankers, long-term charter parties, and controlled strategic storage capacity, alongside specialized in-house teams for shipping, chartering, refining, finance, and independent risk management. Revenue is generated principally from transaction-based margins on physical commodity trades with enterprise counterparties, supplemented by equity participations in gas and new-energy infrastructure. Distribution occurs through direct B2B engagement with industrial buyers, processors, and commodity trading firms across global markets, with a particular focus on the German and European gas market.
Since 2021, the company has been actively building a new energy transition pillar through its subsidiary Select New Energies, focused on hydrogen, synthetic fuels, pyrolysis oil, and e-mobility, and has launched Select Aviation as a dedicated aviation-energy division. In June 2026, Select signed a foundation-customer capacity term sheet with MB Energy for a planned 600,000-tonne-per-year ammonia terminal in the Port of Hamburg, supported by an India-to-Europe RFNBO ammonia supply chain via Juno Joule Green Energy and NTPC Green Energy Limited. The go-to-market is traditional enterprise field sales driven by long-term counterparty relationships, industry events, and a corporate web and LinkedIn presence, with no consumer-facing or AI-driven trading signals disclosed.
S.E.T. Select Energy firmographics
Firmographics- Name
- S.E.T. Select Energy
- Legal name
- S.E.T. Select Energy GmbH
- Website
- https://set-energy.de
- Company type
- Private
- Founded year
- 1985
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- S.E.T. Select Energy GmbH is a Hamburg-based, family-owned physical energy trading company trading crude oil, gas, and refinery distillates globally, with growing positions in green ammonia, hydrogen, and aviation fuels.
- Ownership category
- akta.pro rank
S.E.T. Select Energy industry classification
Industry- Product category
- Energy Commodity Trading
- akta.pro primary industry
- Retail Energy Brokerage (Residential & SMB Switching) (EUAGAEAA)
Keywords
Where S.E.T. Select Energy is headquartered
LocationHeadquarters
- HQ city
- Hamburg
- HQ country
- Germany
- HQ region
- Europe
Offices1 record
Markets served
S.E.T. Select Energy business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Supply Chain, Operations, Personnel, Infrastructure, Marketing or Sales, Technology or R&D
Revenue model
- Physical Energy Commodity Trading: Trading of crude oil, gas (LNG/LPG/natural gas), and refinery distillate products through physical value chain operations including sourcing, storage, transportation, and risk management. Revenue derived from margins on physical commodity transactions with suppliers, customers, and partners.
- New Energies and Infrastructure Partnerships: Investments and partnerships in adjacent business models and future energy infrastructure including hydrogen, synthetic fuels, Bio LNG, and e-mobility through subsidiary Select New Energies. Revenue from project development, infrastructure partnerships, and equity stakes.
Go-to-market motion1 record
Distribution channels3 records
Marketing channels3 records
S.E.T. Select Energy product offering
Product offeringCore offering
S.E.T. Select Energy GmbH is an energy commodity trading company that sources, refines, transports, stores, finances, hedges, and retails crude oil, gas (LNG, LPG, natural gas), and refinery distillates (gasoline, naphtha, kerosene, diesel, fuel oil, gasoil, VGO, bitumen, waxes, base oils) to enterprise customers worldwide. The company also invests in new energy infrastructure such as hydrogen, synthetic fuels, Bio LNG, and e-mobility through its subsidiary Select New Energies and operates an aviation-focused energy division called Select Aviation.
Product overview
S.E.T. Select Energy GmbH is an independent, private, family-owned energy trading company based in Hamburg, founded in 1985. The company operates a diversified energy trading portfolio covering physical value chain operations from refining, financing and risk management to logistics and local distribution. Core trading products include Crude Oil, Gas (LNG, LPG, natural gas), and Distillates. The company also operates in New Energies through its subsidiary Select New Energies, advancing projects in hydrogen, synthetic fuels, pyrolysis oil and e-mobility. Additionally, Select Aviation was launched as a new operational division. The company covers the entire energy value chain through specialized services including Refining, Transportation, Storage, Trading, Finance, and Risk Management. The company reported $2B revenue, 2.5M tonnes turnover, and manages $300M in credit lines.
Differentiator
Problem solved
Functional benefit
Brands
- Select New Energies: Subsidiary focused on renewable energies including hydrogen, synthetic fuels, pyrolysis oil and e-mobility projects
- Select Aviation
Products and services
- Crude Oil Trading Global procurement, storage, transportation (by sea, rail, road, and pipeline), and sale of crude oil of various qualities and quantities to enterprise customers for consumption, further processing, and on-sales.
- Gas Trading Trading and shareholding involvement in LNG, LPG, and natural gas markets, with systematic expansion of expertise in the German and European gas market.
- Distillates Trading Purchase, storage, transport, and sale of oil and gas refinery products including gasoline, naphtha, kerosene, diesel, fuel oil, gasoil, VGO, bitumen, waxes, and base oils, with tailor-made logistics solutions and risk management.
- New Energies (via Select New Energies) Investments, partnerships, and project development for renewable energy infrastructure and future fuels including hydrogen, synthetic fuels, Bio LNG, RFNBO ammonia, and e-mobility.
- Select Aviation Aviation-focused energy division providing specialized energy solutions for the aviation sector.
- Refining Services In-depth refining expertise with many years of experience in crude oil processing, supported by a dedicated team for the supply and offtake of refinery feedstock and products.
- Transportation Services Specialized shipping, chartering, and operations teams covering all transportation solutions, with participations in several product tankers and long-term charter party agreements.
- Storage Services Control and access to strategic storage capacity for aggregation, blending, and marketing to clients.
- Finance Services Professional team providing access to flexible credit facilities from premium banks, private investors, and trade finance funds to facilitate expanding business activities.
- Risk Management Services Advanced and independent risk management functions and capabilities monitoring and managing market, operational, financial, liquidity, and other exposures on a continuous basis.
Companies that use S.E.T. Select Energy
Customer profileNamed customers1 record
Segments4 records
Ideal customer profiles4 records
S.E.T. Select Energy technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
S.E.T. Select Energy partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core and minor.
- MB EnergycoreSelect signed its first capacity term sheet with MB Energy at the World Hydrogen Summit in Rotterdam. Select is secured as a foundation customer for MB Energy's planned ammonia terminal in the Port of Hamburg, with a planned annual throughput capacity of 600,000 tonnes. The terminal received permitting approval from Hamburg's BUKEA authority in April. Select plans to use the terminal for supply of RFNBO ammonia.
- Juno Joule Green EnergycoreSelect partners with Indian company Juno Joule Green Energy as its ammonia supply partner for the MB Energy Hamburg terminal project. Juno Joule Green Energy will produce RFNBO ammonia at NTPC Green Energy Limited's Green Hydrogen Hub in Pudimadaka, India, which Select will offtake and ship via the Hamburg terminal.
- NTPC Green Energy LimitedminorNTPC Green Energy Limited operates the Green Hydrogen Hub in Pudimadaka, India, where Juno Joule Green Energy produces RFNBO ammonia for Select's supply chain. The facility is a key link in Select's green ammonia sourcing corridor from India to Europe.
- Select New EnergiescoreSelect New Energies is the company's subsidiary focused on identifying and advancing adjacent business models and projects in hydrogen, synthetic fuels, pyrolysis oil and e-mobility, with a focus on future energy sectors in key markets. The subsidiary leverages Select's diverse partner network and deep energy expertise to develop new energy infrastructure.
Scale indicators5 records
Recent moves6 records
Expansion highlights6 records
S.E.T. Select Energy competitors and assessment
Company assessmentDirect peers
- Gunvor Group: Geneva-based independent physical oil and gas trader with European refining and logistics assets. Comparable private trading house operating across crude, distillates, gas, and increasingly low-carbon energies.
- Freepoint Commodities: Stamford-based physical commodity trader active in crude, refined products, gas, and metals with growing environmental products desk. Comparable as an independent trading house diversifying into new energies.
- Mercuria Energy Trading: Independent Geneva-based energy trader focused on crude, refined products, gas, and environmental products. Closely comparable as a privately-held mid-to-large trading house investing in new energies.
- Trafigura: Geneva-based global commodity trader with substantial crude, refined products, and gas books, plus investments in renewables and hydrogen. Comparable private trading model and integrated physical value chain.
- Mabanaft / MB Energy: Hamburg-based downstream energy company and existing S.E.T. partner on the planned Port of Hamburg ammonia terminal. Directly comparable as a Hamburg-headquartered integrated energy player with overlapping trading, storage, and new-energy infrastructure interests.
- Vitol: World's largest independent physical energy trader, headquartered in Rotterdam, trading crude, refined products, gas, and increasingly new energies. Directly comparable as a privately-held physical commodity trading house pursuing adjacent energy transition opportunities.
Emerging players
- Hartree Partners: New York-based privately-held energy and commodities trading firm with growing European gas, power, and environmental products presence. Comparable as a relatively younger independent trading house expanding into adjacent energy verticals.
Broad incumbents
- Cargill Energy, Transportation and Metals: Division of Cargill operating a major physical energy trading franchise across crude, distillates, gas, and renewables. Comparable in trading activities but embedded within a much larger diversified agricultural and commodities conglomerate.
- Shell Trading: In-house trading arm of one of the world's largest integrated oil majors, trading crude, LNG, refined products, and increasingly low-carbon products. Overlaps with S.E.T.'s trading book but operates with vastly superior scale and capital.
- TotalEnergies Gas & Power: Major integrated energy major with a significant European LNG and gas trading presence plus new-energy investments. Comparable in European gas market participation but as part of a much larger integrated portfolio.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
S.E.T. Select Energy social profiles
Digital presenceS.E.T. Select Energy financial estimates
Financial estimateRevenue estimate
Valuation estimate
S.E.T. Select Energy leadership team
Management profileNumber of profiles
S.E.T. Select Energy subsidiaries and ownership
Company hierarchySubsidiaries1 record
S.E.T. Select Energy funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
S.E.T. Select Energy M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about S.E.T. Select Energy
What does S.E.T. Select Energy do?
S.E.T. Select Energy GmbH is an energy commodity trading company that sources, refines, transports, stores, finances, hedges, and retails crude oil, gas (LNG, LPG, natural gas), and refinery distillates (gasoline, naphtha, kerosene, diesel, fuel oil, gasoil, VGO, bitumen, waxes, base oils) to enterprise customers worldwide. The company also invests in new energy infrastructure such as hydrogen, synthetic fuels, Bio LNG, and e-mobility through its subsidiary Select New Energies and operates an aviation-focused energy division called Select Aviation.
Is S.E.T. Select Energy a public or private company?
S.E.T. Select Energy is a private company. It is classified as family owned and is currently operating.
When was S.E.T. Select Energy founded?
S.E.T. Select Energy was founded in 1985. It employs 11 to 50 people.
Where is S.E.T. Select Energy based?
S.E.T. Select Energy is headquartered in Hamburg, Germany, in the Europe region.
How does S.E.T. Select Energy make money?
Two revenue lines are on record. Physical Energy Commodity Trading is the primary driver. The others are new Energies and Infrastructure Partnerships.
Who are S.E.T. Select Energy's main competitors?
Direct peers on record are Gunvor Group, Freepoint Commodities, Mercuria Energy Trading, Trafigura, Mabanaft / MB Energy and Vitol. Hartree Partners is listed as an emerging player. Broad incumbents are Cargill Energy, Transportation and Metals, Shell Trading and TotalEnergies Gas & Power.
Does S.E.T. Select Energy have an API?
No public API is recorded for S.E.T. Select Energy.
What industry is S.E.T. Select Energy in?
S.E.T. Select Energy's product category is Energy Commodity Trading. Its primary akta.pro industry code is EUAGAEAA, Retail Energy Brokerage (Residential & SMB Switching).