Biofuel

Malaysia: Tumpuan Megah Development achieves ISCC EU certification for bio bunker fuels

Bunkering firm Tumpuan Megah is the first Malaysian industry player to achieve ISCC EU certification as a supplier and trader of biofuels, spearheading industry’s efforts to lower shipping’s carbon footprint.

Published

2 years ago

January 2, 2024

Admin

Malaysia-listed Straits Energy Resources Berhad (SER) on Tuesday (2 January) announced that its subsidiary, Tumpuan Megah Development Sdn Bhd (Tumpuan Megah), has been awarded certification from the International Sustainability and Carbon Certification (ISCC EU) scheme, paving the way for the company’s entry into the marine biofuel trading and bunkering business in the first quarter of 2024 (Q12024).

The firm said the milestone comes as the maritime industry accelerates its transition to low-carbon alternative fuels, such as sustainable biofuels, as part of the global decarbonisation agenda.

According to DNV, a maritime industry advisor, global production of sustainable biofuels is expected to grow from 11 Mtoe (million tonnes of oil equivalent) per year to 23 Mtoe by 2026. However, if shipping was to decarbonize fully by 2050 primarily using biofuels, DNV estimates that 250 Mtoe of biofuels would be required annually, representing a more-than-tenfold expansion of this market.

Tumpuan Megah is the first Malaysian industry player to achieve ISCC EU certification as a supplier and trader of biofuels, spearheading the industry’s efforts to lower shipping’s carbon footprint.

With ISCC EU certification, maritime industry players can demonstrate compliance with the sustainability and GHG emission-saving criteria of the European Union (EU). This includes the EU Renewable Energy Directive (RED II), which has set strict guidelines for which biofuels can be considered sustainable. ISCC certification is recognised in key energy markets, including the European Union, the United Kingdom, Japan and Singapore.

Dato’ Sri Ron Ho Kam Choy, Managing Director of Straits Energy Resources Berhad, said: “Compared to road transport and aviation, shipping is the least carbon-intense way to transport goods. However, the shipping industry has begun transitioning to alternative fuels and energy sources to reduce its impact on the environment, in line with the 2023 International Maritime Organization (IMO) Greenhouse Gas Strategy.

The IMO has set an industry target to reduce greenhouse gas (GHG) emissions by at least 40% by 2030, from 2008 levels. Here, the usage of sustainable biofuels, with significantly lower GHG emissions than fossil fuels, is expected to play an important role.

For these reasons, the market for sustainable marine biofuels is growing at an explosive rate. We are thrilled to announce that Straits, via Tumpuan Megah, will start bunkering and trading marine biofuels in Q12024, and expect it to be a key contributor to our future earnings growth.

In line with the global emission reduction agenda, shipping industry players must be able to prove that the bio-content in their fuels is sustainable. With Tumpuan Megah’s newly-acquired ISCC EU certification, customers can be assured of the sustainability of their biofuel feedstock, the traceability of these products throughout the supply chain, as well as credible, verified emission reductions.

Achieving ISCC EU certification demonstrates our commitment and capability to drive the adoption of sustainable biofuels, and will help our customers prove their compliance with environmental regulations.”

Photo credit: Straits Energy Resources
Published: 2 January, 2024

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Alternative Fuels

Wah Kwong subsidiary appoints Nordic Green Biotrading as European distributor

Nordic Green will have the exclusive right to market, promote, and distribute Venture Energy’s supply of RED Advanced bio-methanol and RFNBO-methanol across the EEA, UK, and Switzerland.

Published

15 hours ago

June 17, 2026

Admin

Wah Kwong subsidiary appoints Nordic Green Biotrading as European distributor

Venture Energy, a sustainable fuels supplier headquartered in Hong Kong, recently announced the signing of a Distribution Agreement with Nordic Green Biotrading ApS (Nordic Green), appointing the Danish company as its exclusive distributor of renewable methanol across the EEA, the United Kingdom, and Switzerland.

The move marked a key step in expanding Venture Energy’s next-generation marine fuels platform into the European market.

Venture Energy is a subsidiary of Hong Kong shipowner Wah Kwong Maritime Transport, focusing on the procurement and trading of clean fuels.

Under the agreement, Nordic Green will have the exclusive right to market, promote, and distribute Venture Energy’s supply of RED Advanced bio-methanol (bio-methanol) and RFNBO-methanol (e-methanol) throughout the Territory.

“We are delighted to formalise our longstanding collaboration with Nordic Green as our strategic distribution partner in Europe, extending the breadth and quality of our downstream coverage for our supplier network and developing the profile of high-quality renewable methanol producers in the European market.” said Gregor McMillan, Executive Director of Venture Energy.

Deepak Devendrappa, General Manager of Venture Energy, said: “Nordic Green’s track record in local distribution, deep market knowledge, and strong customer relationships across the region’s core bio-blending and chemical sectors make them the ideal partner to bring our ISCC-certified renewable methanol to our customers in the territory.

“This agreement is another step in the road for Venture Energy as we act on Wah Kwong’s commitment to supporting the energy transition with reliable, sustainable fuel solutions.”

The distribution agreement covers sales within the dutiable area of the EEA, the United Kingdom, and Switzerland. Venture Energy will continue to market directly into the marine bunkering segment.

Bo Gleerup, representing Nordic Green, added: “This exclusive partnership represents a significant milestone for Nordic Green. Being able to sell Venture Energy’s high-quality, certified, renewable methanol volumes from a range of bio-methanol and e-methanol producers, complement our existing supply network for European road-fuel and chemical producers. This fresh focus allows us to offer some of the most competitive products coming into the market today. We look forward to working closely

with our colleagues at Venture Energy to develop this collaboration and deliver value to our shared customers across the territory.”

Photo credit: Venture Energy
Published: 17 June, 2026

Alternative Fuels

ENGINE on Fuel Switch Snapshot: Conventional fuels slump in major ports

HSFO becomes cheaper than B100 in Rotterdam; Singapore’s B100 flips to premium over LSMGO; Rotterdam LBM discounts to LNG widen.

Published

2 days ago

June 16, 2026

Admin

ENGINE on Fuel Switch Snapshot: Conventional fuels slump in major ports

Once a week, bunker intelligence platform ENGINE will publish a snapshot of alternative and conventional bunker fuel prices in the world’s two biggest bunkering hubs. The following is the latest snapshot:

HSFO becomes cheaper than B100 in Rotterdam
Singapore’s B100 flips to premium over LSMGO
Rotterdam LBM discounts to LNG widen

Brent’s price has slumped by $14.73/bbl ($108/mt) on the week after US President Donald Trump announced a preliminary peace deal with Iran yesterday. The sharp decline has dragged conventional fuel prices lower in both Rotterdam and Singapore.

Rotterdam’s B100 has shifted to a $14/mt premium over HSFO, from a $1/mt discount seen a week ago.

B100 discounts to VLSFO and LSMGO have narrowed by $54/mt and $89/mt to $50/mt and $343/mt, respectively.

In Singapore, B100 has shifted from a $79/mt discount to LSMGO to a $16/mt premium.

ENGINE on Fuel Switch Snapshot: Conventional fuels slump in major ports

Rotterdam’s liquefied biomethane (LBM) discounts to its LSMGO have narrowed by $21-28/mt in the past week, to $639-844/mt, depending on the LNG engine type.

Liquid fuels

Rotterdam’s HSFO (-$71/mt) and VLSFO (-$110/mt) prices have to some extent tracked a $14.73/bbl ($108/mt) drop in front-month ICE Brent futures. Its LSMGO benchmark has fallen by $145/mt, exceeding a $125/mt decline in front-month ICE low sulphur gasoil futures.

The port’s B100 price has dropped by $56/mt over the past week. Dutch ZRE A ticket prices have edged down by €2/mtCO2e to €108/mtCO2e.

Singapore’s conventional fuel prices have fallen by $112-167/mt, and its B100 price by $72/mt.

Liquid gases

Rotterdam’s LNG bunker prices have dropped by $77-83/mt in the past week, largely tracking a 12% decline in the front-month Dutch TTF Natural Gas contract.

Its LBM prices have fallen by $117-124/mt. LBM discounts to LNG have widened by $40-41/mt to $455-462/mt in the past week.

Singapore’s LNG prices have risen by $13-16/mt. The rises came amid spot market demand from India for fertiliser plants, power generation and households, noted ANZ Bank’s Daniel Hynes. Japan and South Korea tend to import more gas for power generation during their summer months, and China has been active in the market, Hynes said.

By Konica Bhatt

Photo credit and source: ENGINE
Published: 16 June, 2026

Bunker Fuel

Singapore: Bunker fuel sales drops by 6.8% on year in May 2026

4.55 million mt of various marine fuel grades were delivered at the world’s largest bunkering port in May, down from 4.88 million mt recorded during the similar month in 2025, according to MPA data.

Published

3 days ago

June 15, 2026

Admin

Singapore: Bunker fuel sales drops by 6.8% on year in May 2026

Sales of marine fuel at Singapore port dropped by 6.8% on year in May 2026, according to data from the Maritime and Port Authority of Singapore (MPA).

In total, 4.55 million metric tonnes (mt) (exact 4,548,000 mt) of various marine fuel grades were delivered at the world’s largest bunkering port in May, down from 4.88 million mt (4,878,100 mt) recorded during the similar month in 2025.

Deliveries of marine fuel oil, low sulphur fuel oil, ultra low sulphur fuel oil, marine gas oil and marine diesel oil in May (against on year) recorded respectively 1.79 million mt (-5.3% from 1.89 million mt), 2.29 million mt (-6.5% from 2.45 million mt), zero (-100% from 1,200 mt), 600 (35.2% from 1,700 mt) and zero (from zero).

Singapore: Bunker fuel sales drops by 6.8% on year in May 2026

Bio-blended variants of marine fuel oil, low sulphur fuel oil, ultra low sulphur fuel oil, marine gas oil and marine diesel oil in May, (against on year) recorded respectively 11,600 mt (-71.6% from 40,900 mt), 36,400 mt (-62.1% from 96,100 mt), zero (from zero), zero (from zero) and zero (from zero). B100 biofuel bunkers, introduced in February last year, recorded 12,800 mt (+573.7% from 1,900 mt).

LNG and methanol sales were 70,300 mt (+56.2% from 45,000 mt) and zero (from zero) respectively. There were no recorded sales of ammonia for the month and so far since 2025.

Photo credit: Maritime and Port Authority of Singapore
Published: 15 June, 2026