TMD Energy Enters MOA with Double Corporate for Bioenergy Collaboration.

TMD Energy Limited has entered into a Memorandum of Agreement with bioenergy firm Double Corporate to explore a strategic collaboration for the EU and Asia market. The collaboration aims to expand TMD Energy's strategy into sustainable and alternative fuel energy sectors, with a focus on bioenergy sustainable fuel solutions and operational integration.

KUALA LUMPUR, MALAYSIA, June 17, 2025 — TMD Energy Limited (TMDEL) has entered into a Memorandum of Agreement (MOA) with bioenergy firm Double Corporate to explore a strategic collaboration in the EU and Asia markets. The agreement marks a significant step in TMDEL's expansion into sustainable and alternative fuel energy sectors, with a focus on bioenergy sustainable fuel solutions and operational integration.

The MOA, signed on June 18, 2025, outlines the intention of both parties to engage in mutual discussions and formalize partnerships in bioenergy sustainable fuel solutions. The agreement includes a one-year exclusivity period for negotiations, extendable by mutual consent. Both companies aim to finalize definitive agreements within this period.

Double Corporate, a certified Malaysian bioenergy leader, specializes in converting waste into sustainable fuels and lubricants through proprietary ISCC-EU-approved technology. The company has a decade-long expertise in producing high-yield, low-emission biofuels suitable for applications in sustainable aviation fuel (SAF) and sustainable marine fuel (SMF) markets, particularly in Europe and Asia. Double Corporate's high-yield refining process minimizes waste and energy consumption, producing critical feedstocks for SAF and SMF.

TMDEL, a Malaysia and Singapore-based services provider, is involved in integrated bunkering services, ship management services, and vessel chartering. The company operates in 19 ports across Malaysia with a fleet of 15 bunkering vessels. The collaboration with Double Corporate aligns with TMDEL's vision to advance long-term sustainable, green business and fuel innovation.

Dato’ Sri Kam Choy Ho, Chairman and CEO of TMDEL, stated, "This partnership complements our commitment to environmentally responsible energy solutions. Double Corporate's circular-economy focus aligns with our strategy to expand regionally and globally."

The MOA establishes the parties' intention to collaborate and participate in the business in Malaysia and globally. Both parties will prioritize finalizing definitive agreements within the exclusivity window.

References:
[1] https://www.globenewswire.com/news-release/2025/06/18/3101265/0/en/TMD-Energy-Limited-Enters-into-Strategic-Memorandum-of-Agreement-to-Advance-Green-Bioenergy-Collaboration.html