TMD Energy Limited Announces Strategic Expansion into Oil Waste Collection as Core ESG Initiative
TMD Energy Limited (NYSE: TMDE), a Malaysia and Singapore-based integrated bunkering services provider, has announced its strategic expansion into oil waste collection. The initiative focuses on collecting sludge oil and used cooking oil to be sold to third-party partners for biodiesel production. Following its recent IPO, TMDE plans to leverage its logistics network to collect residual oils from maritime operators and the food industry.
The company aims to capitalize on Malaysia's growing biodiesel market, supported by government incentives. According to Chairman and CEO Dato' Sri Kam Choy Ho, TMDE plans to eventually engage in biodiesel processing and distribution, positioning itself as a key player in Southeast Asia's green energy transition. This expansion aligns with the company's ESG commitments and Malaysia's renewable energy goals.
TMD Energy Limited (NYSE: TMDE), un fornitore integrato di servizi di bunkeraggio con sede in Malesia e Singapore, ha annunciato la sua espansione strategica nella raccolta di rifiuti petroliferi. L'iniziativa si concentra sulla raccolta di olio di fango e olio da cucina usato da vendere a partner terzi per la produzione di biodiesel. Dopo la recente IPO, TMDE intende sfruttare la sua rete logistica per raccogliere oli residui dagli operatori marittimi e dall'industria alimentare.
L'azienda punta a sfruttare il mercato in crescita del biodiesel in Malesia, sostenuto da incentivi governativi. Secondo il Presidente e CEO Dato' Sri Kam Choy Ho, TMDE prevede di impegnarsi in futuro nella lavorazione e distribuzione del biodiesel, posizionandosi come un attore chiave nella transizione energetica verde del Sud-est asiatico. Questa espansione è in linea con gli impegni ESG dell'azienda e gli obiettivi malesi per le energie rinnovabili.
TMD Energy Limited (NYSE: TMDE), un proveedor integrado de servicios de abastecimiento con sede en Malasia y Singapur, ha anunciado su expansión estratégica hacia la recolección de residuos de petróleo. La iniciativa se centra en la recogida de aceite de lodos y aceite de cocina usado para venderlo a socios externos para la producción de biodiésel. Tras su reciente oferta pública inicial, TMDE planea aprovechar su red logística para recolectar aceites residuales de operadores marítimos y de la industria alimentaria.
La empresa busca capitalizar el creciente mercado de biodiésel en Malasia, respaldado por incentivos gubernamentales. Según el presidente y CEO Dato' Sri Kam Choy Ho, TMDE planea eventualmente involucrarse en el procesamiento y distribución de biodiésel, posicionándose como un actor clave en la transición hacia la energía verde en el sudeste asiático. Esta expansión está alineada con los compromisos ESG de la empresa y los objetivos de energía renovable de Malasia.
TMD Energy Limited (NYSE: TMDE), 말레이시아와 싱가포르에 본사를 둔 통합 벙커링 서비스 제공업체가 석유 폐기물 수거로 전략적 확장을 발표했습니다. 이 이니셔티브는 슬러지 오일과 사용된 식용유를 수집하여 바이오디젤 생산을 위해 제3자 파트너에게 판매하는 데 중점을 둡니다. 최근 IPO 이후 TMDE는 해양 운영자와 식품 산업에서 잔류 오일을 수집하기 위해 물류 네트워크를 활용할 계획입니다.
회사는 정부 인센티브에 힘입어 말레이시아의 성장하는 바이오디젤 시장을 활용하는 것을 목표로 합니다. 회장 겸 CEO인 Dato' Sri Kam Choy Ho에 따르면 TMDE는 궁극적으로 바이오디젤 가공 및 유통에 참여하여 동남아시아의 친환경 에너지 전환에서 핵심 역할을 할 계획입니다. 이번 확장은 회사의 ESG 약속과 말레이시아의 재생 에너지 목표에 부합합니다.
TMD Energy Limited (NYSE: TMDE), un fournisseur intégré de services de soutage basé en Malaisie et à Singapour, a annoncé son expansion stratégique dans la collecte des déchets pétroliers. L'initiative vise à collecter l'huile de boues et l'huile de cuisson usagée pour les vendre à des partenaires tiers en vue de la production de biodiesel. Suite à son introduction en bourse récente, TMDE prévoit de tirer parti de son réseau logistique pour collecter les huiles résiduelles auprès des opérateurs maritimes et de l'industrie alimentaire.
L'entreprise souhaite profiter du marché croissant du biodiesel en Malaisie, soutenu par des incitations gouvernementales. Selon le président-directeur général Dato' Sri Kam Choy Ho, TMDE envisage à terme de s'engager dans la transformation et la distribution de biodiesel, se positionnant comme un acteur clé de la transition énergétique verte en Asie du Sud-Est. Cette expansion s'aligne avec les engagements ESG de la société et les objectifs malaisiens en matière d'énergies renouvelables.
TMD Energy Limited (NYSE: TMDE), ein integrierter Anbieter von Bunker-Dienstleistungen mit Sitz in Malaysia und Singapur, hat seine strategische Expansion in die Sammlung von Ölabfällen angekündigt. Die Initiative konzentriert sich auf die Sammlung von Schlammöl und gebrauchtem Speiseöl, die an Drittpartner für die Biodieselproduktion verkauft werden sollen. Nach dem kürzlichen Börsengang plant TMDE, sein Logistiknetzwerk zu nutzen, um Restöle von maritimen Betreibern und der Lebensmittelindustrie zu sammeln.
Das Unternehmen möchte vom wachsenden Biodieselmarkt Malaysias profitieren, der durch staatliche Anreize unterstützt wird. Laut Vorsitzendem und CEO Dato' Sri Kam Choy Ho plant TMDE, sich zukünftig auch mit der Verarbeitung und dem Vertrieb von Biodiesel zu beschäftigen und sich als Schlüsselakteur im grünen Energiewandel Südostasiens zu positionieren. Diese Expansion steht im Einklang mit den ESG-Verpflichtungen des Unternehmens und den Zielen Malaysias im Bereich erneuerbare Energien.
- Strategic entry into the growing biodiesel market supported by government incentives
- Revenue stream diversification through oil waste collection and biodiesel initiatives
- Leveraging existing logistics network and infrastructure for efficient collection
- Future plans to expand into biodiesel processing and distribution
- Initial dependence on third-party partners for biodiesel processing
- Potential operational costs and infrastructure investments needed for expansion
KUALA LUMPUR, MALAYSIA, May 21, 2025 (GLOBE NEWSWIRE) -- TMD Energy Limited (the “Company” or “TMDEL”) (NYSE American: TMDE), together with its subsidiaries is a Malaysia and Singapore based services provider engaged in integrated bunkering services which involves ship-to-ship transfer of marine fuels, ship management services and vessel chartering services, today announced a strategic expansion into oil waste collection, marking a significant enhancement of its Environmental, Social, and Governance (ESG) commitments. This initiative aims to collect sludge oil and used cooking oil and sell to third-party partners for processing into biodiesel, which also helps diversify the Company’s revenue streams.
Following a successful Initial Public Offering, the Company is poised to leverage its extensive logistics network and industry expertise to meet the increasing demand for sustainable waste disposal. It plans to collect residual oils from maritime operators and the food industry, facilitating their conversion into cleaner biodiesel. This circular economy approach not only mitigates greenhouse gas emissions but also supports Malaysia’s national commitment to renewable energy adoption.
Leadership in Sustainable Innovation
The biodiesel market in Malaysia, supported by government incentives, presents substantial growth opportunities. TMDEL’s entry into this sector aligns with evolving regulatory frameworks and the corporate demand for eco-conscious partnerships. “Our expansion signifies a strategic shift toward long-term environmental stewardship,” stated Dato’ Sri Kam Choy Ho, Chairman and CEO of the Company. “By collaborating with businesses, agencies and environmental organizations, we aim to redefine waste as a valuable resource—transforming sustainability commitments into actionable and scalable solutions.”
“This initiative reinforces TMDEL’s dual commitment to operational excellence and ecological responsibility. The Company’s established infrastructure ensures efficient collection, and we target to engage in processing and distribution of biodiesel in the near future, so as to position the Company as a key player in Southeast Asia’s green energy transition.”
“Furthermore, this milestone underscores our vision to lead the bio-green industry while upholding our commitment to exceptional service standards,” added Dato’ Sri Kam Choy Ho. “Every step forward is a step toward a future where economic growth and environmental responsibility coexist.”
About TMD Energy Limited
TMD Energy Limited and its subsidiaries (“TMDEL Group”) are principally involved in marine fuel bunkering services specializing in the supply and marketing of marine gas oil and marine fuel oil of which include high sulfur fuel oil, low sulfur fuel oil and very low sulfur fuel oil, to ships and vessels at sea. TMDEL Group is also involved in the provision of ship management services for in-house and external vessels, as well as vessel chartering. As of today, TMDEL Group operates in 19 ports across Malaysia with a fleet of 15 bunkering vessels. For more information, please visit the Company’s website at: www.tmdel.com.
Forward-Looking Statements
Certain statements in this announcement are forward-looking statements, including but not limited to, the Company's Offering. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “may”, “could”, “will”, “should”, “would”, “expect”, “plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict”, “potential”, “project” or “continue” or the negative of these terms or other comparable terminology. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's financial results filings with the SEC.
For investor and media inquiries, please contact:
TMD ENERGY LIMITED
e-Mail : corporate@tmdel.com
WFS INVESTOR RELATIONS
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