CBL International Limited (NASDAQ: BANL), a Nasdaq-listed marine fuel logistics and bunkering facilitator, announced the acquisition of a 50.5% majority stake in Green Marine Energy Holdings Limited (GMH), a British Virgin Islands incorporated company. The transaction, executed by CBL’s wholly-owned subsidiary through a Share Sale and Purchase Agreement, includes a corporate guarantee from CBL to secure payment obligations. GMH operates two complementary businesses in Malaysia: feedstock trading for sustainable aviation fuel (SAF) and biofuels, and ship biofuel supply with traditional bunkering services.
The feedstock trading arm holds necessary licenses to source and trade raw materials for SAF and biofuel production, supported by an established supplier and customer network. Its bunkering operations include a license to supply conventional bunker fuel and biofuels within Malaysian waters. This strategic investment aligns with growing global emphasis on environmental, social, and governance (ESG) 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, enabling it to scale 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. These developments underscore the potential for feedstock demand in the region.
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 CEO of CBL, commented: “This acquisition represents a measured step to broaden our presence in the sustainable energy supply chain while leveraging our 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, visit https://www.banle-intl.com.
