Appointment Announcement | Rafael Fraletti as Head of Biofuels
19 March 2026 We are delighted to announce the appointment of Rafael Fraletti as Head of Biofuels, and Head of our Nyon Branch Office. Based in Geneva for the past three years, Rafael brings nearly a decade of experience in global biofuels trading. Before joining Gapuma, he spent seven years at Raízen – one of the world’s leading energy and biofuels groups – where he built an exceptional track record across international ethanol markets, first in Brazil and subsequently in Switzerland, with a particular focus on the European landscape. Over the past 15 months at Gapuma, Rafael has been instrumental in developing new trading flows, strengthening commercial relationships, and expanding the company’s footprint across key biofuel markets. He has played a central role in structuring and scaling our biofuels platform, and this appointment reflects both the confidence we place in him and the momentum the business has built under his contribution. In his new role, Rafael will lead the strategy and continued growth of our biofuels business, as well as overseeing operations at our Nyon branch. Rafael is motivated by a clear ambition: to position Gapuma not merely as a reliable supplier, but as a committed counterparty – one that actively contributes to the development and expansion of biofuels markets within the global decarbonisation agenda. That mission sits at the heart of everything we are building here. We look forward to the next chapter.
Gapuma Group Strengthens Asian Presence with Singapore Branch; Makes Senior Appointment
6th Janaury 2026 We are delighted to announce that Gapuma Switzerland officially opened its Singapore branch on 2nd January 2026, marking a significant milestone in our strategic expansion across the Asian markets. The new office will serve as our regional hub for bulk chemicals and biofuels trading throughout Asia-Pacific, positioning us to better serve our clients and partners in this dynamic and growing region. Welcoming Paul Kim as Trading Director, Asia Region To lead this exciting venture, we are privileged to welcome Paul (Hyoung Jin) Kim as Trading Director, Asia Region. Paul brings over 25 years of distinguished experience in petrochemical trading, with deep expertise in aromatics, naphtha, base oils, and renewable energy commodities. A Singaporean of Korean origin, Paul’s career includes leadership roles at Trammochem Asia, where he served as Asia Regional Business Leader and PX Global Product Manager, successfully growing the regional team and expanding operations across multiple markets. Prior to this, he honed his trading acumen at Samsung Corporation and founded Questum Trading Pte Ltd, demonstrating both entrepreneurial vision and operational excellence. Paul’s extensive industry networks across Singapore, Korea, and China, combined with his strategic insight into Asian petrochemical markets, make him ideally positioned to drive Gapuma’s growth ambitions in the region. His appointment represents a significant strengthening of our trading capabilities and market intelligence in Asia. Looking Ahead This expansion reflects our commitment to serving the evolving needs of the bulk chemicals and biofuels sectors in Asia. With Paul’s leadership and our established global network, we are well-positioned to deliver value to our partners throughout the region. We look forward to introducing Paul to our wider network and to the opportunities that lie ahead as we deepen our presence in Asian markets.
The Global Ethanol Rush: Energy Security Meets Agricultural Reality
19th November 2025 The global ethanol market is undergoing rapid and far-reaching expansion, driven by government mandates and a growing focus on energy security. Yet behind the headlines about renewable fuels lies a far more intricate story—one shaped by agricultural pressures, shifting trade flows and the practical constraints of supply chains. Brazil is leading innovation in maize-based ethanol, with production expected to reach 30% of total output by 2026–27, equating to 10.6 billion litres. The economics are increasingly favourable: maize ethanol costs around BRL 1.85 per litre compared with BRL 2.45 for sugarcane, while valuable byproducts strengthen margins. Still, concerns over biomass feedstock availability for steam generation are becoming more pronounced. Indonesia is preparing to implement mandatory ethanol blending by 2028, aiming for a 5% mix to displace 5% of its 22.8 million kilolitre fuel imports. At COP30, Pertamina highlighted Brazil’s success as a model for reducing dependence on fossil fuels through bioethanol. However, the challenges are significant. In India, maize farmers are calling for a “Maize Control Order” after prices fell ₹600 per quintal below the minimum support price. Ethanol-driven maize diversion has transformed India from a 3.7 MT exporter into a projected 1 MT importer, pushing prices from ₹15,000 to ₹25,000 per tonne. Livestock sectors are now urging duty-free access to GM maize to safeguard feed supplies. Indonesia faces its own hurdles, including inconsistent raw material availability, volatile pricing, and limited infrastructure for production and distribution. For a global commodities partner like Gapuma Group, the ethanol boom represents both opportunity and complexity in equal measure. The reshaping of agricultural supply chains across multiple continents is creating heightened demand for strategic procurement, logistics capability and real-time market intelligence. Long-term success will depend on a clear understanding of policy drivers, farmer economics and infrastructure readiness—factors that will ultimately determine which national programmes deliver on their ambitions.
Strengthening Our Biofuels Vision
— Introducing Charles Percheron 4th November 2025 Gapuma is delighted to announce that Charles Percheron has joined our Switzerland office in Nyon as Senior Biodiesel Trader. Charles will play a central role in expanding Gapuma’s global biofuels footprint, strengthening our position in biodiesel and sustainable feedstocks. With more than fourteen years’ experience across physical and derivative commodity trading, brokerage, and operations, he brings an outstanding track record of performance, innovation, and market insight. Based in Nyon, Charles combines a deep understanding of biodiesel markets with a sophisticated, multi-layered approach to business development and a passion for data-driven, forward-looking trading strategies. His appointment reinforces our strategic commitment to the energy transition and to scaling sustainable commodities across international supply chains. As we continue to invest in future-focused fuels, we look forward to accelerating global progress in sustainability and low-carbon logistics. Please join us in welcoming Charles to the Gapuma family and wishing him every success in this exciting new chapter.
Welcoming Christian Aloisio to Gapuma Switzerland
9th September 2025 We are delighted to welcome Mr. Christian Aloisio as an intern to our Switzerland Biofuels Team! Christian is embarking on an exciting career transition, eager to deepen his knowledge of commodity trade finance and operations. He will also join the Suisse Negoce Operators Certificate Program in Geneva next year, and we are proud to support him during this ambitious journey. Our team is committed to sharing expertise and providing Christian with meaningful exposure to the fast-paced world of commodity trading. This internship will offer a solid foundation, equipping him with the tools and insights necessary to thrive in his training and future career. Welcome aboard, Christian! We look forward to growing together and celebrating your achievements along the way.
Maize Diversion – Fuel vs Food: Is India’s Ethanol Ambition Outpacing Agricultural Reality?
31st July 2025 India’s surge in maize diversion for ethanol production — from just 0.8 million tonnes in 2022–23 to a projected 12.8 million tonnes in 2024–25 — is raising urgent questions across agriculture, nutrition, and trade sectors. More than a third of the nation’s maize output is now earmarked for fuel. The consequences are already evident: rising poultry feed costs, reduced food availability in rural communities, and a sharp increase in import dependency. Maize imports have soared by almost 8,000% in the same period, transforming India from a net exporter to a net importer of the grain for the first time in decades. Maize plays a dual role in India’s economy. Beyond being a biofuel feedstock, it is a staple food in many tribal regions and the cornerstone of the animal feed industry. Redirecting such a large share of output to ethanol, encouraged by pricing incentives and blending mandates, risks eroding food security and distorting crop priorities. Industry experts and policymakers are calling for a recalibration: ethanol expansion should be based on surplus production and sustainable sourcing, ensuring India’s energy ambitions do not compromise agricultural resilience. SEO Meta Description:India’s rapid maize diversion to ethanol risks higher feed costs, reduced food supply, and soaring imports. Experts urge balancing energy targets with agricultural stability.
Strengthening Ties in West Africa: A Strategic Visit to Côte d’Ivoire and Ghana
22nd July 2025 Gapuma Group Managing Director, Jack Bardakjian, recently completed a high-level visit to two of our key West African markets — Côte d’Ivoire and Ghana — accompanied by our Senior Biofuels Trader, Rafael Fraletti. The visit reaffirmed our long-standing commitment to building sustainable partnerships, supporting local infrastructure, and reinforcing operational excellence in the region. As our global portfolio evolves in line with the energy transition, West Africa is playing an increasingly vital role in our biofuels and logistics strategy. With Rafael based in Gapuma’s Swiss Office — the nerve centre of our biofuels operation — this mission combined executive leadership with commercial expertise on the ground. From strategic meetings with clients to warehouse visits in Abidjan and Accra, the trip served to deepen relationships, assess new opportunities, and ensure our growth remains aligned with local realities and regional ambitions. These in-person engagements also reflect Gapuma’s operational philosophy: that reliability in global supply chains is built not just on trade routes and systems, but on trust, presence, and long-term commitment. By maintaining close contact with partners across West Africa, we continue to enhance the resilience of our operations — from Geneva to Ghana, and every step in between. As the world shifts toward cleaner, more responsible energy sources, Gapuma remains at the forefront of ethical trading and sustainable innovation. This visit marks another meaningful milestone in our shared journey toward a smarter, more inclusive global energy future.
Biofuels, Policy, and the Changing Dynamics of Soybean Oil
Source: Reuters / USDA Report 16th July 2025 A quiet transformation is underway in the global soybean oil market — one shaped by tightening U.S. biofuel policy and surging domestic demand. According to the latest USDA figures, over half of all U.S. soybean oil will be consumed by domestic biofuel producers in 2025/26. Usage is forecast to reach an unprecedented 15.5 billion pounds — a year-on-year increase of more than 26%. In contrast, U.S. exports of soybean oil are expected to fall by nearly 75%. This shift reflects a confluence of regulatory and economic forces, including: ✅ Expanded blending mandates from the U.S. Environmental Protection Agency✅ Restrictions on renewable fuel imports and non-domestic feedstocks✅ Enhanced clean fuel tax credits and state-level incentives Together, these changes elevate the role of domestically sourced vegetable oils — particularly soybean and canola — as cornerstone feedstocks in the global energy mix. For stakeholders across the agri-commodities, biofuels, and renewables sectors, this signals a reshaping of priorities and pressures. Procurement strategies, trade flows, and refining capacity are all being recalibrated to meet the new demands of the clean energy transition. At Gapuma Group, we continue to track these developments closely. Understanding the interplay between global trade, energy security, and sustainability is central to our work — and to the future of responsible supply.
🔋 Gapuma Attends 9th European Biofuels Conference in Marbella
10th June 2025 Senior representatives from Gapuma Switzerland AG—Jacques Landolt (Director, Biofuels), Fabrice Brunet (Managing Director), and Rafael Fraletti (Senior Trader)—participated in the 9th European Biofuels Conference, held in Marbella from 2–6 June 2025. Organised by Dropet and hosted at the Hotel Don Pepe Gran Meliá, the event brought together leading figures from across the European biofuels and renewable energy sector. The conference addressed key challenges and emerging trends shaping the future of sustainable fuels in Europe. Discussions centred on regulatory alignment across EU member states, traceability in biofuel supply chains, and the commercial strategies needed to support large-scale decarbonisation. Participants included a wide range of stakeholders, from producers and refiners to policy advisors and international traders. Notable attendees included ePURE (the European renewable ethanol association), CRISTALCO, Ensus, Marquis Energy, iEthanol, and influential policy groups such as EWABA and the European Biodiesel Board. Their engagement reflected the sector’s growing urgency in aligning innovation, regulation and market demand to support the continent’s clean energy transition. For Gapuma, the event offered a valuable opportunity to strengthen partnerships, exchange insights with key players in the field, and deepen our strategic commitment to building robust and sustainable biofuel supply networks. These discussions reinforce our mission to deliver energy solutions that are not only commercially viable but also aligned with global environmental priorities. We extend our sincere thanks to Dropet and all participating organisations for their collaboration and contribution to a dynamic and timely event.