Nemesis Brokerage — Feedstock and Renewable Fuels

We source Southeast Asia's renewable feedstock and sell it where it earns the most.

Nemesis Brokerage is a physical feedstock and renewable fuels brokerage. Producers work with us to reach stronger buyers, maximise realised value and access premium international markets — grounded in physical markets, trusted relationships and commercial execution.

Speak to the desk

Origin

Indonesia · Malaysia · Thailand · Vietnam · Philippines

Consolidated through

Singapore

Destination

Europe, the United States and global renewable fuel markets

Why producers work with us

A producer's product is only worth what the right market will pay.

Experience

Led by professionals with decades of experience in physical commodity trading, brokerage and renewable fuels — including former Vitol traders.

ii.

Philosophy

Our role is to maximise realised value through market access, intelligence and trusted execution — not to move a cargo and disappear.

iii.

Relationships

We measure success by the long-term supplier relationships we build, not simply the number of transactions we complete.

iv.

Reach

Established relationships across five Southeast Asian sourcing markets, with buyers in Europe, the United States and beyond.

Why Nemesis Brokerage

Three things we bring to every producer conversation.

Commercial access

Firm buying interest
Strategic offtake
European buyers
Global markets

Commercial optimisation

Market intelligence
Price discovery
Netback analysis
Trade structuring

Market access & readiness

Certification guidance
Traceability and auditability
Chain of custody
EU market requirements
Export readiness

What we do

Grounded in physical markets.

Feedstock and renewable fuels brokerage

Market intelligence and price discovery

Certification and traceability guidance

European and international market access

Long-term offtake development

Access to principal trading capability where appropriate

Core products

Waste and residue first.

Feedstocks

Used Cooking Oil
POME
PFAD
Animal Fats
Tallow

Renewable fuels

FAME
UCOME
SAF Feedstock
HVO Feedstock

Circular feedstocks

Palm Acid Oil
Spent Bleaching Earth
Mill Residues

"We do not arrive asking what you have to sell. We arrive with an understanding of where your product can create the greatest value — so the first conversation is a real deal, not a cold introduction."

The Nemesis Brokerage desk

Where this goes

Today, we are a physical feedstock and renewable fuels brokerage. Our ambition is to become the commercial partner renewable producers rely on to grow, reach new markets and build long-term value.

Markets

From mill gate to mandate — one route, fully documented.

The same physical tonne prices differently depending on the pathway it can enter, the country implementing the rule, and the evidence behind it. Our job is to route each tonne where it earns the most — and make sure the documentation survives the audit.

Origin markets

Where we source.

OriginIndonesia

The world's largest palm base. Export policy makes crude waste streams government-gated, so we work through refined residue grades and long-term mill and refinery partnerships rather than spot flows.

OriginMalaysia

The most actionable residue market in Asia today: exportable POME oil, deep UCO aggregation and integrated palm groups — with auditability as the deciding factor on every cargo.

OriginThailand · Vietnam · Philippines

Growing collection networks for used cooking oil and by-product streams, developed producer by producer with certification support from day one.

HubSingapore

Consolidation, storage, blending and price discovery — alongside the world's largest bunkering market and the region's deepest pool of buyers, traders and certification infrastructure.

DestinationEurope · United States · Global

RED-eligible European demand, US renewable fuel programmes, sustainable aviation fuel supply chains and the growing marine biofuel market.

Compliance-first sourcing

The first commercial filter is not price. It is audit survivability.

Eligibility decides value: a tonne of UCO, POME oil or tallow is not priced as oil — it is priced as a route into compliance. Certification scope, origin evidence and greenhouse-gas documentation change what a cargo is worth. Every counterparty we bring to market is qualified on:

Source

Certificate validity and scope
Collection evidence
Chain of custody

Substance

Quality history and specifications
Mass-balance integrity
Independent sampling

Route

Export legality and permits
Sanctions and KYC screening
Duty and eligibility risk

"Value drops quickly when origin evidence is weak — even if the chemistry is acceptable."

Nemesis Brokerage sourcing principle

Insights

Notes from the desk on flows, rules and value.

Where policy moves, physical flows follow — usually within a quarter. These are the shifts we are positioning producers around right now.

Desk noteJuly 20264 min

The UCO superpower is re-routing

China ships more used cooking oil than anyone on Earth — and its two largest destinations have closed in the space of eighteen months. The volume hasn't disappeared. It is looking for new homes, and Asia is becoming the clearing house.

Read the note

Desk noteJuly 20263 min

A tonne is not a tonne

Two identical cargoes of used cooking oil can differ in value by hundreds of dollars per tonne. The chemistry is the same. The paperwork is not.

Read the note

Desk noteJuly 20263 min

Indonesia tightens, Malaysia opens

Jakarta's export approvals have made crude waste streams government-gated. The near-term consequence is simple: compliant Malaysian POME and UCO relationships just became the most valuable real estate in the region.

Read the note

Desk noteJuly 20263 min

The marine barrel goes green in Singapore

Alternative fuel sales in the world's largest bunker port have grown for three consecutive years. European regulation is the engine — and Asian feedstock is the fuel.

Read the note

Desk noteJuly 20262 min

Relationships survive trade barriers

Duties, quotas and tax rules can shut a finished-fuel route overnight. Upstream relationships — collectors, mills, renderers — are much harder to replicate. That asymmetry is our entire strategy.

Read the note

All insights

Desk note · July 2026

The UCO superpower is re-routing

China exported a record volume of used cooking oil in 2024 — more than forty per cent of everything traded globally. Then, in the space of eighteen months, its two largest destinations effectively closed. Europe imposed definitive anti-dumping duties on Chinese biodiesel in February 2025, with the United Kingdom following in November. The United States, through its 45Z production credit, restricted qualifying feedstock to North American origin from January 2026 — shutting a route that had absorbed well over a million tonnes of Chinese UCO the year before.

The volume has not disappeared. Chinese UCO exports were up more than a third year-on-year through the first months of 2026. What changed is where it clears: marine biofuel blending in Singapore, new bunker hubs on China's own coast, intra-Asian processing, and sustainable aviation fuel supply chains — which, notably, remain outside the scope of the European duties.

Blocked routes do not destroy volume. They re-price it — and reward whoever holds the relationships on both ends of the new route.

For producers, the lesson is uncomfortable but useful: destination risk is now as important as production cost. For buyers in the new clearing markets, the opportunity is a supply of well-priced, waste-based feedstock looking for credible homes. The constraint on both sides is the same — documentation. Fraud scrutiny of Asian waste oils has never been higher, and the cargoes that clear at premium are the ones whose origin evidence survives an audit.

That is the seam we work: auditable origin on one side, mandate-driven demand on the other, and a route between them that did not exist two years ago.

The Nemesis Brokerage desk · Compiled from public trade data and policy sources. Not trading advice.

All insights

Desk note · July 2026

A tonne is not a tonne

Take two identical cargoes of used cooking oil — same specification, same port, same week. One can be worth hundreds of dollars per tonne more than the other. The chemistry is identical. The difference is eligibility.

A tonne of UCO, POME oil or tallow is not priced as oil; it is priced as a route into compliance. Under Europe's renewable energy rules, waste-based feedstocks can count double toward national targets. Under low-carbon fuel standards, a verified waste feedstock carries a carbon intensity score that generates several times the credit value of a crop-based alternative. Under aviation mandates, the same tonne becomes SAF feedstock at another premium again. Each pathway has its own rules of admission — certification scope, origin, greenhouse-gas evidence — and the market pays for admission, not for molecules.

The market pays for admission, not for molecules.

This is why the first commercial filter on any cargo we handle is not price but audit survivability: certificate validity and scope, collection evidence, mass balance, quality history, export legality. Weak origin evidence collapses value quickly, even when the chemistry is perfectly acceptable — and with regulators actively investigating adulteration in waste-oil supply chains, the discount for unverifiable material is widening.

For a producer, the practical conclusion is a happy one: the highest-return investment available is usually not more production. It is better evidence.

The Nemesis Brokerage desk · Compiled from public trade data and policy sources. Not trading advice.

All insights

Desk note · July 2026

Indonesia tightens, Malaysia opens

Indonesia produces roughly forty-seven million tonnes of crude palm oil a year, and since January 2025 it has been feeding an ever-larger share of it to its own diesel pool. The B40 blending mandate launched on schedule; B50 is the stated direction of travel. To protect feedstock for that programme, export regulation now gates shipments of used cooking oil and palm-oil mill effluent through government approvals.

The commercial consequence is that crude Indonesian waste streams have become government-gated volume — real, but not bankable for a buyer who needs repeat flow. Refined residue grades still move under permit, and relationships with integrated groups and refiners matter more than ever. Indonesia has become a strategic relationship market, not a spot market.

When the largest producer restricts exports, the second-largest becomes the market.

Malaysia is the immediate beneficiary. Its residue streams remain exportable, its UCO aggregation is among the deepest in Asia, and its integrated palm groups operate certification systems that European and American buyers already recognise. Every tightening step in Jakarta raises the strategic value of a compliant Malaysian barrel — and the premium for locking in those channels before aviation-fuel demand does it for you.

Our sourcing thesis follows directly: build Malaysian POME and UCO relationships now, treat Indonesia as a long-term partnership market, and let documentation quality — not headline volume — decide where relationship time is spent.

The Nemesis Brokerage desk · Compiled from public trade data and policy sources. Not trading advice.

All insights

Desk note · July 2026

The marine barrel goes green in Singapore

Singapore sold more bunker fuel in 2025 than any port has sold in history — and within that record, the fastest-growing barrel was the green one. Alternative fuel sales have grown for three consecutive years, with biofuel blends now a standard commercial offering rather than a trial product.

The engine is European regulation with global reach. FuelEU Maritime, in force since January 2025, requires ships calling at European ports to cut the greenhouse-gas intensity of their energy — wherever in the world they bunker. The economics are straightforward: a vessel on the Asia–Europe trade can bank its compliance by lifting a bio-blend in Singapore, often at better economics than in Rotterdam. A global carbon framework for shipping is under negotiation at the IMO, with a decisive vote expected in late 2026; if adopted, analysts expect blend levels to rise substantially through the 2030s.

A ship burns the blend in Asia and banks the compliance in Europe. That arbitrage is built from Asian feedstock.

Every tonne of B24 lifted in Singapore starts as waste-based feedstock — used cooking oil and residues collected across the very markets where we source. As Chinese biodiesel re-routes toward Asian bunkering and regional producers scale, the marine barrel has become one of the most reliable outlets for compliant Southeast Asian material.

For producers, it is also the most local one: the demand is two shipping days away, not two oceans.

The Nemesis Brokerage desk · Compiled from public trade data and policy sources. Not trading advice.

All insights

Desk note · July 2026

Relationships survive trade barriers

In the last two years, this market has seen anti-dumping duties close Europe to Chinese biodiesel, a tax-credit redesign close the United States to imported feedstock, and export approvals gate Indonesian waste streams. Each rule redrew the map of finished-fuel flows within months.

What none of them touched is the collector who picks up oil from ten thousand restaurants, the mill that separates residue day after day, the renderer with a decade of quality history. Finished-product routes can be blocked by a regulation published on a Tuesday. Originator relationships take years to build and survive every redraw of the map — because whichever route opens next, it starts at the same source.

Policy decides where a tonne may go. Relationships decide who gets to send it.

That asymmetry is our entire strategy. We spend relationship time upstream — collectors, mills, renderers, integrated processors — and use the trading market for what it is best at: liquidity, freight and route execution. When a route closes, our producers are re-routed, not stranded. When a route opens, they are first through it.

The Nemesis Brokerage desk · Compiled from public trade data and policy sources. Not trading advice.

Contact

The first conversation is a real deal.

Tell us what you produce and where it is today. We will come back with where it can earn more — with the route, the requirements and the buyers behind it.

Write to the desk

One line is enough to start. For a faster first response, include:

Feedstock and specification (e.g. UCO, POME oil, tallow)
Indicative monthly volume and location
Certification status (ISCC or equivalent), if any
Current export status and destination history

desk@nemesisasia.com

Where we operate

Singapore Consolidation & trading hub
Southeast Asia Origination — ID · MY · TH · VN · PH
South Asia Origination & collection
Middle East Desk & Gulf demand

Legal

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