Agape ATP Corporation Secured Landmark Jet Fuel Supply Agreement with Swiss One Oil & Gas AG
Rhea-AI Summary
Agape ATP (NASDAQ: ATPC) has secured two significant Sales and Purchase Agreements (SPAs) with Swiss One Oil & Gas AG, valued at approximately USD 24 billion. The agreements follow a successful February 2025 Initial Corporate Purchase Order (ICPO) for trial shipments.
The SPAs outline a 12-month supply arrangement with potential extensions, starting with a trial order of 200,000 metric tonnes of EN590 10PPM diesel and 2 million barrels of Jet Fuel A1 in March 2025. Upon successful completion, the agreement scales to weekly deliveries of 500,000 metric tonnes of diesel and 2 million barrels of Jet Fuel A1.
Deliveries will be executed through Free on Board (FOB) procedures at major international ports, with SGS or equivalent authorities conducting quality assessments to ensure compliance with ASTM/IP international standards.
Positive
- Secured USD 24 billion worth of fuel supply agreements
- Significant weekly delivery volumes indicating substantial revenue potential
- Long-term contract with extension possibilities ensures steady revenue stream
- Strategic partnership expands market reach and energy trading portfolio
Negative
- Success depends on initial trial shipment performance
- Large-scale delivery commitments may require significant operational capacity
News Market Reaction
On the day this news was published, ATPC declined 0.78%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
KUALA LUMPUR, MALAYSIA / ACCESS Newswire / April 3, 2025 / NASDAQ-listed AGAPE ATP Corporation ("ATPC") through its subsidiary ATPC Green Energy Sdn. Bhd. ("ATPC Green Energy"), has entered into two Sales and Purchase Agreements ("SPAs") with an aggregate value of approximately USD 24 billion with Swiss One Oil & Gas AG ("Swiss One").
These SPAs build upon an earlier Initial Corporate Purchase Order ("ICPO") signed in February 2025, which laid the foundation for the procurement and supply of refined fuels, including Jet Fuel A1 and EN590 10PPM diesel. The ICPO covered a trial shipment of 100,000 metric tonnes of EN590 10PPM diesel and one million barrels of Jet Fuel A1. The successful completion of this phase has now led to long-term structured agreements between the parties.
Under the terms of the SPAs, ATPC Green Energy will supply EN590 10PPM diesel and Jet Fuel A1 to Swiss One over a 12-month period plus rolls and extensions, with an initial trial order comprising 200,000 metric tonnes of EN590 10PPM diesel and 2 million barrels of Jet Fuel A1. The trial shipment is scheduled to commence in March 2025. Upon successful completion of the trial, the contract will transition into full-scale supply, with weekly deliveries of 500,000 metric tonnes of EN590 10PPM diesel and 2 million barrels of Jet Fuel A1 to meet growing global demand.
All deliveries will be executed through Free on Board ("FOB") procedures at major international ports, ensuring seamless logistics and adherence to international trade protocols. The agreement also maintains compliance with global quality standards, with SGS or equivalent inspection authorities conducting independent quality assessments to ensure that the fuel meets ASTM/IP international standards.
(L-R, front row): Prof. Dr. Md Nasir Ibrahim, GM of Golden Pristine Synergy; Prof. Dato' Sri Dr. How Kok Choong, Founder & Group CEO of ATPC; Jeffrey Hattara, CEO, and Magedaragamage, Consultant of Swiss One Oil & Gas AG.
(L-R, back row): Dr. Vong John Hing, Deputy Chairman, and Dr. Fernando Cortizo, Executive Director, ATPC
Prof Dato' Sri Dr How Kok Choong, the Founder and Global Group CEO of ATPC said, "Our initial ICPO with Swiss One Oil & Gas AG was a crucial step in trust and operational efficiency in the oil and gas sector. The transition to a full-scale SPA reflects the confidence and trust built between our organizations and positions ATPC as a reliable supplier capable of meeting high-volume fuel demands with consistency and quality assurance."
Jeff Hattara, CEO of Swiss One Oil and Gas said, "I would like to express my gratitude to Mr. Steven Huffman, President and Director of Swiss One Oil & Gas Asia Pacific Operations as well as Mr. Magedaragamage, consultant to Swiss One Oil & Gas for their efforts and assistance in Agape venture. Both Mr. Huffman and Mr. Magedaragamage will be onsite to work alongside Agape with the logistics and future operations."
With this strategic partnership, ATPC reinforces its commitment to enhancing its energy trading portfolio, expanding its market reach, and securing sustainable business growth. This move is expected to contribute significantly to ATPC's revenue streams while aligning with its long-term vision of creating a diversified and future-ready business model.
About AGAPE ATP Corporation
Agape ATP Corporation (ATPC) is dedicated to enhancing the quality of life and promoting sustainable development. With a strong foundation built on two core business pillars, ATPC specializes in the provision of health and wellness products that caters to the diverse needs of its customers, ensuring their well-being and vitality. Additionally, APTC delivers comprehensive energy-saving solutions that empower companies to drive sustainability initiatives, reduce energy consumption, and achieve their sustainability goals. For more information, visit www.agapeatpgroup.com.
For more information, please contact:
Jazzmin Wan
Email: j.wan@swanconsultancy.biz
Mandy Tan
Email: m.tan@swanconsultancy.biz
FORWARD-LOOKING STATEMENT
Certain statements contained in this press release about future expectations, plans, and prospects, as well as any other statements regarding matters that are not historical facts, may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements relating to the expected benefits and outcomes of the partnership announced by AGAPE ATP Corporation ("ATPC") and Swiss One Oil & Gas AG ("Swiss One"), and the potential for optimizing supply chain efficiency, integrating advanced technologies, and expanding global market reach through this collaboration. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "plan," "potential," "predict," "project," "should," "target," "will," "would," and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the Company's ability to execute its strategies, manage growth, and maintain its corporate culture; the Company's future business development, financial conditions, and results of operations; expectations regarding demand for and market acceptance of our products and services; changes in technology; economic conditions; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic and business conditions in Malaysia and the international markets the Company plans to serve, and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Any forward-looking statements contained in this press release speak only as of the date hereof, and AGAPE ATP Corporation specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events, or otherwise, except as required by law.
SOURCE: AGAPE ATP Corporation
View the original press release on ACCESS Newswire
FAQ
What is the total value of ATPC's new fuel supply agreements with Swiss One Oil & Gas?
What are the weekly delivery volumes for ATPC under the full-scale supply agreement?
When does ATPC's initial trial shipment begin and what volumes are involved?
How long is the duration of ATPC's fuel supply agreement with Swiss One?
What quality control measures are in place for ATPC's fuel deliveries?
