Issue link: https://maltatoday.uberflip.com/i/1542534
6 COMMERCIAL maltatoday | SUNDAY • 11 JANUARY 2026 Alkagesta awarded ISCC CORSIA Certification ALKAGESTA has been awarded ISCC CORSIA certification, en- abling the company to trade and supply CORSIA-eligible Sus- tainable Aviation Fuel (SAF) in accordance with international aviation sustainability require- ments. As the global aviation sector enters a more advanced phase of emissions monitoring and com- pliance, CORSIA certification serves as a recognised frame- work ensuring that SAF meets defined lifecycle greenhouse-gas reduction criteria under Interna- tional Civil Aviation Organiza- tion (ICAO) standards. Through certification under an ICAO-ap- proved sustainability scheme, Alkagesta is now positioned to support airline counterparties with verified SAF supply aligned with regulatory obligations. "Achieving ISCC CORSIA cer- tification reflects the continued development of our biofuels ac- tivities and our focus on struc- tured, compliant market partic- ipation," said Anthony Guida, Biofuels Trader and Business Developer at Alkagesta. "The certification provides a clear chain of custody and trace- ability across the supply process, supporting counterparties in meeting both international and regional SAF requirements." Within the European regula- tory landscape, initiatives such as ReFuelEU Aviation intro- duce mandatory SAF blending thresholds, while the gradual phase-out of free allowances un- der the EU Emissions Trading System further reinforces the economic relevance of sustain- able fuel adoption. Against this backdrop, CORSIA certification contributes to a more harmo- nised compliance environment, supporting transparency and consistency across international SAF markets. Alkagesta continues to develop its sustainable fuels capabilities within a disciplined trading and governance framework, sup- porting the broader transition toward lower-carbon aviation solutions." BOV & IFSP sign strategic agreement to strengthen Malta's financial services sector BANK of Valletta (BOV) and the Institute of Financial Services Practitioners (IFSP) have signed a strategic agreement to further strengthen Malta's financial ser- vices sector. This collabora-tion, formally endorsed by BOV CEO Kenneth Farrugia and IFSP President Nick Captur, will fo- cus on knowledge sharing, pro- fessional development, and joint initiatives designed to ad-vance the industry. Through this partnership, BOV and IFSP will work close- ly to support and promote the inter-ests of financial services professionals and organisations. The agreement aims to enhance skills and competencies across the sector, ensuring practition- ers are well-equipped to meet evolving regulatory and market demands. "Driving excellence and innovation within Malta's financial services ecosystem has always been Bank of Valletta's commitment," said Kenneth Farrugia, BOV CEO. "As a lead- ing finan-cial institution, we recognise the importance of em- powering professionals with the expertise needed to navigate an increasingly complex environ- ment. By joining forces with IF- SP, we are creating impactful op- portunities for learning, growth, and thought leadership that will strengthen the sector and con- tribute to Malta's economic pro- gress." Nick Captur, President of IFSP, commented, "This partnership underscores the vital role of col- laboration among key industry stakeholders in shaping the fu- ture of Malta's financial ser-vices sector. By pooling our expertise and resources, we will deliver initiatives that not only enhance the sector's resilience and com- petitiveness but also empower professionals to meet the chal- lenges of a dynamic regulatory and global market landscape. The launch of the IFSP Direc- tors Chapter, in collaboration with BOV, marks an important milestone in promoting good governance and training for di- rectors." This strategic agreement rep- resents a significant step forward in reinforcing Malta's position as a leading financial services juris- diction. By combining resources and expertise, Bank of Valletta and IFSP are committed to build- ing a sustainable framework for professional excel-lence, regu- latory compliance, and industry innovation with the aim to con- tribute to the long-term growth and competitiveness of the Mal- tese economy. Through this partnership, BOV and IFSP will work closely to support and promote the interests of financial services professionals and organisation