Originate
Feedstock is bought at origin against agreed grade, quantity and delivery window, fixed before the vessel loads.
Singapore
A trading and investment house.
We buy agricultural feedstock where it is grown, deliver it to the plants that convert it, and place the finished fuel with the buyers who must blend it. We finance the cargo in between, and take equity in the businesses that do the converting.
Our operating model
Crop in at one end.
Crop in at one end.
Fuel out at the other.
We originate the cargo, finance it, move it to the plant, and take the finished fuel back out to the buyer. Value is made or lost at the handovers.
Finance
Documentary credit and working capital are arranged around the cargo, so that goods, collateral and payment move together.
Deliver
Ocean freight, inland haulage and storage run to a fixed schedule, under independent collateral management wherever cargo sits still.
Convert
The plant converts feedstock into finished fuel, tested against the specification the consuming market will accept.
Offtake
Finished fuel is lifted under contract and placed with the distributors and blenders who have to meet the mandate.
Products & markets
Both ends of the chain.
We trade both ends of the chain: the feedstock going in and the fuel coming out. Where practical we contract them against each other, which reduces exposure to outright prices and puts logistics, documents and counterparty risk in one pair of hands.
Upstream / Feedstock
Bought in the country where the crop is grown, rather than from an intermediary three trades downstream.
Yellow corn · Cassava
In development: used cooking oil
Downstream / Renewable fuels
Lifted from the plant under contract, and placed with the distributors and blenders who must meet the blend.
Fuel ethanol
In development: biodiesel · sustainable aviation fuel
How we operate
How we manage
How we manage
transaction risk.
Control runs from counterparty approval through documents, payment and custody. This is what that means in practice.
Contracting
Every trade is contracted through the Singapore company. Legal entity, authorised signatories, governing law and dispute resolution are settled before execution.
Counterparty screening
Suppliers, distributors and financing partners are screened for sanctions exposure, beneficial ownership and adverse findings before we contract, and reviewed after.
Documentation
Quality, quantity, inspection, title and risk transfer are fixed on recognised industry terms before the cargo moves.
Payment & credit
Payment runs through documentary credit or terms agreed in advance. Credit limits are set before exposure is taken, not after.
Cargo & custody
Cargo is insured in transit and, where stored, held under independent collateral management with periodic inspection and stock audit.
Governance
Authority, reporting lines and approval limits are set at board level. Related party arrangements are documented on arm's length terms.
Investment approach
We acquire what we already understand.
Trading shows an industry from the inside: who is short, who pays on time, which plants run. When that view finds a business worth owning, we would rather own it than trade around it.
Instruments
Equity in listed and unlisted companies. Whether a business is quoted is secondary. Whether it earns its cost of capital is not.
Approach
Owner-operator. We invest where we can contribute through governance, operating discipline and capital allocation, not where we would only hold paper.
Horizon
Long term. We underwrite to holding a business rather than to exiting it, and we allocate capital on that basis.
Sectors
Agricultural processing, renewable fuels, energy and industrial assets, with a bias toward businesses already known to us through the physical trade.
Position
Control or a significant minority, sized so that we are properly represented in governance.
Capital
Our own balance sheet and that of our shareholders. We invest proprietary capital and do not manage money on behalf of third parties.
Leadership & experience
Operators as well as traders.
Operating, financial control and commodity trading experience, built across Asian energy and industrial markets.
Operations
Two decades in Asian energy: plant operations, project delivery, product specification, and fuel ethanol and petrochemical sales.
Finance & control
Financial control led by audit and tax trained accountants, including a Ministry of Finance tax practice certificate and internal control experience in multinational manufacturing.
Trade & investment
Twenty five years of commodity trading, industrial investment and company building across Asia, spanning physical flows and corporate transactions.
News
Market notes.
Regulation, not price, increasingly sets renewable content in Asian road fuel. These are the developments that set the volumes we contract against.
Vietnam introduces E10 nationwide
Vietnam introduced E10 gasoline nationwide from 1 June 2026, while E5 RON92 may continue through 31 December 2030. The step converts domestic ethanol from an optional additive into a required input in the national fuel pool, and turns blending into a supply question: plants running to specification, and a feedstock chain able to supply them consistently through the year.
India applies the E20 requirement nationwide
Petrol sold nationwide became subject to the E20 requirement in April 2026, after India had already reached approximately twenty percent blending during 2025. The policy is driven by crude import substitution and support for the domestic sugar sector, and has made India one of the largest sources of structural ethanol demand in the region.
Indonesia implements B40 biodiesel
Indonesia raised its mandatory biodiesel blend to forty percent palm oil based fuel from 1 January 2025, with a stated path toward B50. The programme is a principal reason Southeast Asian feedstock demand is increasingly set by policy rather than by refining margin.
Contact
Contact the Singapore
Contact the Singapore
trading desk.
One desk in Singapore. Supply, offtake, financing and investment enquiries all reach it.
Trading desk
trade@vcisingapore.com
Marking your message with the subject line below routes it to the right person on the desk.
Diligence materials
Qualified counterparties may request VCI's corporate, ownership, compliance, banking and financial information, subject to confidentiality and the terms of existing agreements. Transaction-specific information, including capacity and offtake arrangements, is provided where relevant to the proposed relationship.
VCI Capital and Trade Pte. Ltd.
152 Beach Road, #23-02 Gateway East
Singapore 189721
152 Beach Road, #23-02 Gateway East
Singapore 189721