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Our history

Founded in 2004 by Swiss traders Marco Dunand and Daniel Jaeggi.

One of the world’s leading independent commodity groups

Mercuria specializes in trading and supplying physical commodities, investing in strategic assets, providing financing and logistics services, and offering solutions to help clients meet their needs, including their net-zero goals.

We have built a strong reputation with our unwavering focus on compliance and rigorous approach to risk management, and we are now regarded as one of the largest privately-owned businesses of our type in the world.

Two decades of organic growth

Over the years, we have grown organically through hiring and development of best-in-class talent, and strategically with the acquisitions of the trading unit of JPMorgan Chase & Company, Noble Group’s US gas and power business, and the Aegean Marine Petroleum Network, reorganized as our wholly owned bunkering and maritime subsidiary, Minerva Bunkering.

Swiss heritage with a global presence

Today, Mercuria is one of the world’s leading independent energy and commodity trading companies. First located in Geneva, Switzerland, we now operate in over 50 countries across 5 continents. We employ over 1100 people of more than 60 nationalities in over 30 locations, and generated revenues of over $170 billion in 2022.

We remain independent and privately owned by our founders, employees and a group of strategic investors.

Advancing the energy transition

In recent years, we have made a strategic shift towards advancing the energy transition to more sustainable energy. We have invested in a range of projects ranging from renewables and biofuels, to technology metals and electric vehicle infrastructure, and to environmental and carbon management products.

We have also launched and support several ESG-focused initiatives, such as a program to improve the health and wellbeing of Earth’s oceans in partnership with Hub Ocean.

2004

Founded nearly 20 years ago

1100

Employees of more than 60 nationalities in over 30 locations

Countries of operation across 5 continents

Successive quarters of profitable growth since inception

The co-founders

Marco Dunand and Daniel Jaeggi have worked together for nearly 40 years. Beginning their careers together at Cargill International, they both subsequently moved to trading roles at Goldman Sachs’s J. Aron trading unit, Salomon Brothers and Sempra Energy before founding Mercuria in 2004.

Together, Marco and Daniel have built Mercuria into one of the world’s largest and most successful energy and commodity trading companies, and have been recognized for their contributions to the energy sector.