TMD Energy Limited Partners with Double Corporate to Advance Green Bioenergy Collaboration

TMD Energy Limited has entered into a Memorandum of Agreement with Double Corporate to explore a strategic collaboration for the EU and Asia market, focusing on sustainable and alternative fuel energy sectors. The partnership aims to advance TMDEL's strategy to expand into bioenergy, leveraging Double Corporate's expertise in producing high-yield, low-emission biofuels suitable for SAF and SMF markets. The MOA initiates exclusive good-faith negotiations to formalize partnerships in bioenergy sustainable fuel solutions and operational integration.

TMD Energy Limited (TMDEL), a subsidiary of Straits Energy Resources Berhad (SER), has entered into a Memorandum of Agreement (MOA) with Double Corporate to explore a strategic collaboration focused on sustainable and alternative fuel energy sectors. The partnership aims to advance TMDEL's strategy to expand into the bioenergy sector, leveraging Double Corporate's expertise in producing high-yield, low-emission biofuels suitable for Sustainable Aviation Fuel (SAF) and Sustainable Marine Fuel (SMF) markets. The MOA initiates exclusive good-faith negotiations to formalize partnerships in bioenergy sustainable fuel solutions and operational integration.

The MOA comes as TMDEL seeks to diversify its fuel offering and expand its market presence across Southeast Asia. The collaboration with Double Corporate aligns with TMDEL's growth strategy, which includes providing eco-friendly alternative fuels such as biodiesel. The company has been actively exploring opportunities to enhance its sustainability profile and meet increasing environmental regulations.

Double Corporate is known for its innovative approach to biofuel production, focusing on technologies that minimize emissions and maximize yield. The partnership with TMDEL is expected to bring together the strengths of both companies, with TMDEL's extensive marine bunkering experience and Double Corporate's expertise in biofuel technology.

The MOA is a significant step for TMDEL, which has already achieved a listing on the NYSE American, becoming the first Malaysian marine bunker supplier to list on a major US exchange. The listing has enabled the company to unlock the value of its investment in its oil bunkering and shipping-related services business, enhancing shareholder value.

As TMDEL continues to expand its operations and diversify its fuel offering, the collaboration with Double Corporate is expected to play a crucial role in achieving its long-term growth objectives. The company remains focused on identifying and pursuing strategic mergers and acquisition opportunities that align with its long-term vision and strengthen its regional presence.

Reference List:
[1] https://www.manifoldtimes.com/news/malaysia-straits-energy-plans-to-list-subsidiary-tmd-energy-on-nyse-american/
[2] https://www.weforum.org/stories/2025/06/us-china-deal-and-other-international-trade-stories-to-know-this-month/