Core Insights - TMD Energy Limited (TMDEL) has entered into a Memorandum of Agreement (MOA) with Double Corporate Sdn Bhd to explore strategic collaboration in the bioenergy sector for the EU and Asia markets [1][2] - This partnership aims to expand TMDEL's presence in sustainable and alternative fuel energy sectors, focusing on bioenergy sustainable fuel solutions [2][4] - Double Corporate specializes in waste-based bioenergy, converting waste into sustainable fuels and lubricants using ISCC-EU-approved technology, with expertise in sustainable aviation fuel (SAF) and sustainable marine fuel (SMF) [3][5] Agreement Details - The MOA establishes a one-year exclusivity period for negotiations, which can be extended by mutual consent, with both parties prioritizing the finalization of definitive agreements within this window [4] - The collaboration aligns with TMDEL's vision for sustainable business and fuel innovation, emphasizing a circular-economy approach [4] Company Profiles - TMD Energy Limited operates in marine fuel bunkering services, supplying various types of marine fuel oil and providing ship management and chartering services, with operations in 19 ports across Malaysia and a fleet of 15 bunkering vessels [6] - Double Corporate is a certified Malaysian bioenergy leader focused on converting waste into sustainable fuels, with a high-yield refining process that minimizes waste and energy consumption [5]

Core Insights - TMD Energy Limited (TMDEL) is expanding into oil waste collection, enhancing its Environmental, Social, and Governance (ESG) commitments by collecting sludge oil and used cooking oil for conversion into biodiesel [1][2] - The company aims to leverage its logistics network to meet the rising demand for sustainable waste disposal, contributing to Malaysia's renewable energy goals [2][3] Company Overview - TMDEL is based in Malaysia and Singapore, providing integrated bunkering services, including ship-to-ship transfer of marine fuels, ship management, and vessel chartering [1][4] - The company operates in 19 ports across Malaysia with a fleet of 15 bunkering vessels, specializing in marine gas oil and various types of marine fuel oil [4] Strategic Initiatives - The entry into the biodiesel market aligns with government incentives and evolving regulatory frameworks, presenting growth opportunities [3] - TMDEL's initiative reflects a commitment to transforming waste into a valuable resource, aiming for operational excellence and ecological responsibility [3] - The company plans to engage in processing and distribution of biodiesel, positioning itself as a key player in Southeast Asia's green energy transition [3]