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TMD Energy shares rise 1.82% after-hours following strategic expansion into oil waste collection.
ByAinvest
Wednesday, May 21, 2025 5:56 pm ET1min read
Tmd Energy Limited rose 1.82% in after-hours trading, following the company's announcement of a strategic expansion into oil waste collection. This initiative aims to collect sludge oil and used cooking oil, which will be sold to third-party partners for processing into biodiesel. The move is part of the company's enhanced Environmental, Social, and Governance (ESG) commitments and is expected to diversify its revenue streams.
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