TMD Energy and Double Corporate to negotiate on bioenergy sustainable fuel solutions deal
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by Admin
Malaysia- and Singapore-based marine fuel bunkering services provider TMD Energy Limited (TMDEL) on Wednesday (18 June) announced the company has entered into a Memorandum of Agreement (MoA) with bioenergy firm Double Corporate Sdn Bhd to explore a strategic collaboration in the business of bioenergy sustainable fuel solutions for Malaysia and global markets.
The company said this collaboration marks a new milestone towards TMDEL’s strategy to expand into sustainable and alternative fuel energy sectors. The MOA initiates exclusive negotiations to formalise partnerships in bioenergy sustainable fuel solutions and operational integration.
On 21 April, TMDEL, a 65.08%-owned subsidiary of Straits Energy Resources, was listed on the New York Stock Exchange American (NYSE American).
TMDEL and its subsidiaries (TMDEL Group) are principally involved in marine fuel bunkering services specializing in the supply and marketing of marine gas oil and marine fuel oil of which include high sulphur fuel oil, low sulphur fuel oil and very low sulphur fuel oil, to ships and vessels at sea.
TMDEL Group is also involved in the provision of ship management services for in-house and external vessels, as well as vessel chartering services.
Double Corporate is a ISCC-EU certified Malaysian-based bioenergy company specialising in waste-based bioenergy and it involves converting waste into high-yield sustainable fuels and lubricants using proprietary, ISCC-EU-approved technology.
Double Corporate has a decade-long expertise in producing high-yield, low-emission biofuels suitable for applications in the sustainable aviation fuel (SAF) and sustainable marine fuel (SMF) markets, particularly in Europe and Asia.
Dato’ Sri Kam Choy Ho, Chairman and CEO of the company, said: “This partnership aligns with our vision to expand regionally and globally to advance long term sustainable, green business and fuel innovation. Double Corporate’s circular-economy focus complements our commitment to environmentally responsible energy solutions.”
The MOA establishes the parties’ intention to enter into mutual discussions to collaborate and participate in the business in Malaysia and globally with a one-year exclusivity period for negotiations, extendable by mutual consent. Both parties will prioritise finalising definitive agreements within the exclusivity window.
Photo credit: TMD Energy
Published: 19 June, 2025
