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 company incorporated in the British Virgin Islands. The transaction, executed through CBL's wholly-owned subsidiary, involves the signing of a Share Sale and Purchase Agreement. CBL will provide a corporate guarantee to secure the payment obligations of its subsidiary.
GMH operates two complementary businesses in Malaysia: feedstock trading for sustainable aviation fuel (SAF) and biofuels, and ship biofuel supply along 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. Its bunkering operations include a license to supply both conventional bunker fuel and biofuels within Malaysian waters.
This strategic investment aligns with the 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 its 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 in the country, further underscoring 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 Chief Executive Officer 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. We look forward to working with the GMH team to support the responsible growth of these businesses in line with market developments."
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. CBL International Limited is the listing vehicle of Banle Group, a reputable marine fuel logistic company based in the Asia Pacific region, committed to providing customers with one-stop solution for vessel refueling. The Group actively promotes the use of sustainable fuels and is awarded with the ISCC EU and ISCC Plus certifications, as well as EcoVadis Silver Medal. For more information, visit https://www.banle-intl.com.
