About
9 Degrees East
We provide commercial and analytical support to the low-carbon fuel industry.
We've done this work at an oil major's trading desk, an eFuels developer, a shipping company and a renewable fuels brokerage. The deals we build have to work for the producer and the buyer, on price, volume, credit and sustainability terms, so the project reaches final investment decision and the contract still holds years later.
9° East is the longitude halfway between London and Cape Town, the two cities Tom calls home. Halfway is also where most good deals get done.
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for low-carbon fuels
Europe · 9° East · Cape Town
Expertise
Where we add value
Long-term deal origination
Bankable structures of five years and more, integrating price, credit, sustainability, delivery and optionality terms suitable for project financing.
Global reach
Deals and contacts across the European Union, the UK, the US and Asia, from shipping, oil major and developer roles.
Trading perspective
Knows how a long-term position becomes a short-term trading book, and what that does to desk P&L and risk.
Regulation
Pricing that reflects the rules: RED, FuelEU Maritime and ReFuelEU Aviation in the EU, the IRA, RFS and LCFS in the US, and sourcing from Asia.
Leadership
Tom Fox, Founder
A low-carbon fuels originator with 20 years structuring complex, multi-year supply agreements, since 2006, and 28 years in energy since his first role in Houston in 1998.
Tom has been an analyst, power marketer, oil major originator, consultant, broker, developer and buyer.
His career runs from power trading in the US and UK, through oil major biofuels origination, to eFuels and green methanol for shipping, across the European Union, the UK, the US and Asia. He founded 9 Degrees East and now leads it full time.
He builds deal structures that lenders will accept and that both producer and buyer can live with for five years and more.
Fuels and markets
- eFuels
- Green methanol
- SAF
- Renewable diesel
- Renewable natural gas
- Advanced biofuels
- Green hydrogen
- CO2
- Feedstocks