Large-Scale, Non-Retail Engagement
Finova’s engagement in energy and fuels is focused on large-scale, physical, refined products in non-retail, off-market contexts where regulatory, jurisdictional, and supply-chain considerations are central.
This is not exchange trading, brokerage, or retail fuel supply.
Engagement is selective and structured, reflecting the operational complexity and risk profile associated with refined energy and fuel markets.
Scope of Engagement
Finova may engage in energy and fuel contexts involving refined products, including for example:
- EN590 (automotive diesel),
- Jet A-1 (aviation fuel),
- D6 and other refined fuel grades,
- LNG (liquefied natural gas),
- LPG (liquefied petroleum gas), and
- other refined or processed fuel products where structured engagement is appropriate.
Engagement is typically characterised by:
- complex, multi-stage supply chains,
- cross-border movement and jurisdictional considerations, and
- heightened regulatory, licensing, and compliance requirements.
Finova does not engage in unrefined or upstream crude oil transactions.
Physical Products Only
Finova’s engagement is limited to physical, refined energy and fuel products.
We do not engage in:
- futures, options, or derivatives,
- exchange-traded energy instruments, or
- purely financial or speculative energy products.
This distinction is fundamental to Finova’s operating model and governance posture.
Supply Chain, Origin, and Legitimacy
Refined energy and fuel products present inherent risks relating to:
- source and origin of feedstock,
- integrity of the refining and blending process,
- chain of custody and logistics, and
- unlawful diversion or misrepresentation.
Finova approaches these contexts with an emphasis on:
- clarity of supply chain and product specification,
- lawful authority to supply and transact,
- consistency of technical, commercial, and logistical information, and
- alignment with applicable regulatory requirements.
Engagement does not proceed where these elements cannot be reasonably established.
Jurisdictional and Regulatory Considerations
Energy and fuel markets are subject to:
- extensive regulatory oversight,
- sanctions and export control regimes, and
- jurisdiction-specific licensing and compliance requirements.
These considerations vary materially by product type, jurisdiction, and delivery route.
Finova’s engagement is therefore informed by:
- awareness of applicable laws and sanctions frameworks, and
- proportional verification aligned to the risks presented.
Further detail on these considerations is addressed within Governance & Compliance.
Structured, Disciplined Engagement
Where alignment exists, Finova’s role is to support structured, disciplined engagement rather than to facilitate volume trading or market-making activity.
This may include:
- supporting clarity between counterparties,
- ensuring appropriate governance expectations are understood, and
- reducing the risk of uncontrolled circulation or misrepresentation.
What This Is Not
To avoid misalignment, it is important to be clear about what Finova does not do in this area.
Finova does not:
- act as a fuel trader or distributor,
- participate in retail fuel supply,
- engage in upstream or unrefined crude oil transactions,
- promote speculative energy investment activity, or
- engage in exchange-based or purely financial energy markets.
Indicative, Not Exhaustive
The above is indicative of Finova’s engagement in energy and fuels rather than exhaustive.
Exceptional or non-standard refined fuel contexts may be considered on a case-by-case basis where alignment clearly exists. Such consideration should not be assumed.
Clarity First
Energy and fuel markets demand discipline, regulatory awareness, and supply-chain integrity.
Where alignment exists, engagement proceeds thoughtfully.
Where it does not, clarity is provided early.