CBL International Limited, a Nasdaq-listed marine fuel logistics company, has acquired a 50.5% majority stake in Green Marine Energy Holdings Limited, a move that expands its sustainable fuel material trading business in Malaysia to support the sustainable aviation fuel and biofuel industries. The transaction was executed through CBL’s wholly-owned subsidiary, which signed the Share Sale and Purchase Agreement, with CBL providing a corporate guarantee to secure payment obligations.
GMH operates two complementary businesses in Malaysia: feedstock trading for sustainable aviation fuel and biofuels, and ship biofuel supply together with traditional bunkering services. The feedstock trading arm holds licenses to source and trade raw materials used in SAF and biofuel production, supported by an established network of suppliers and customers. Its bunkering operations include a license to supply both conventional bunker fuel and biofuels within Malaysian waters.
This strategic investment aligns with growing global emphasis on environmental, social, and governance considerations and evolving regulatory requirements in the maritime and aviation sectors. CBL’s financial resources and operational expertise in marine fuel logistics are expected to support GMH’s expansion, complementing it to scale its feedstock trading activities and explore opportunities to supply SAF-related producers in Malaysia. Malaysia is seeing increased investment in sustainable fuel infrastructure, with new commercial-scale SAF production facilities opening and planned in the country.
In the bunkering segment, GMH’s license positions the combined group to develop traditional and biofuel bunkering supply capabilities at key Malaysian ports, including Port Klang, one of the world’s top ten ports by throughput. This builds on CBL’s existing bunkering facilitation services and supports the industry’s transition toward lower-carbon marine fuels. Dr. Teck Lim Chia, Chairman and Chief Executive Officer of CBL, stated that this acquisition represents a measured step to broaden the company’s presence in the sustainable energy supply chain while leveraging core strengths in marine fuel services.
The transaction is expected to enhance CBL’s long-term positioning in the evolving marine and energy sectors without altering the company’s primary focus on its established bunkering facilitation activities. For more information about the company, please visit https://www.banle-intl.com. The original release can be viewed on http://www.newmediawire.com.
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