CBL International Acquires Majority Stake in Green Marine Energy to Expand Sustainable Fuel Operations in Malaysia

CBL International Limited (NASDAQ: BANL), a marine fuel logistics and bunkering facilitator focused on the Asia-Pacific region, announced the acquisition of a 50.5% majority stake in Green Marine Energy Holdings Limited (GMH). The transaction will be executed by CBL's wholly-owned subsidiary, which signed the Share Sale and Purchase Agreement as the buyer, with CBL providing a corporate guarantee to secure payment obligations.

This strategic investment matters because it positions CBL to capitalize on Malaysia's growing sustainable fuel infrastructure at a time when global emphasis on environmental, social, and governance considerations is intensifying. GMH operates two complementary businesses in Malaysia: feedstock trading for sustainable aviation fuel (SAF) and biofuels, and ship biofuel supply together with traditional bunkering services. The feedstock trading arm holds necessary licenses to source and trade raw materials used in SAF and biofuel production, supported by an established network of suppliers and customers.

The implications of this announcement are significant for Malaysia's energy transition, as the country 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, and CBL's financial resources and operational expertise in marine fuel logistics are expected to support GMH's expansion. This will complement GMH's ability to scale its feedstock trading activities and explore opportunities to supply SAF-related producers in Malaysia.

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. 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.

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 company looks forward to working with the GMH team to support the responsible growth of these businesses in line with market developments. For more information about the company, please visit their website.