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TMD Energy (NYSE American: TMDE) extends bioenergy pact with Double Corporate

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

TMD Energy Limited has extended its Memorandum of Agreement with Malaysian bioenergy firm Double Corporate Sdn Bhd by two years. The MOA, first signed on June 18, 2025, sets a framework to explore strategic collaboration on sustainable bioenergy fuel solutions for EU and Asia markets.

The extension keeps all original terms and adds a two-year exclusivity period while both parties continue discussions, evaluate the collaboration and negotiate definitive agreements. TMD Energy provides marine fuel bunkering, ship management and vessel chartering, operating in 19 Malaysian ports with a fleet of 15 bunkering vessels.

Positive

  • None.

Negative

  • None.
MOA extension term Two-year extension Adds two years to the original one-year MOA signed June 18, 2025
Exclusivity period Two-year exclusivity period For exploring participation in Malaysia and global markets under the MOA
Operating ports 19 ports TMDEL Group operates in 19 ports across Malaysia
Bunkering vessels fleet 15 bunkering vessels Fleet size for TMDEL Group’s marine fuel bunkering operations
Refining conversion yield 1:1 conversion Double Corporate high-yield refining process for waste-based bioenergy
Memorandum of Agreement regulatory
"announced a two-year extension of its Memorandum of Agreement with bioenergy firm Double Corporate"
A memorandum of agreement is a written document that outlines the key terms and understanding between two or more parties planning to work together or make a deal. It serves as a clear record of intentions and commitments, helping to prevent misunderstandings. For investors, it provides reassurance that the involved parties have agreed on important details before finalizing a formal contract.
sustainable bioenergy fuel solutions technical
"framework for a proposed collaboration on sustainable bioenergy fuel solutions by both parties"
waste-to-energy technologies technical
"potential collaboration that integrates Double Corporate’s innovative waste-to-energy technologies and our expanding footprint"
ISCC-EU-approved technology regulatory
"converting waste into sustainable fuels and lubricants through proprietary ISCC-EU-approved technology"
marine fuel bunkering services financial
"involved in marine fuel bunkering services specializing in the supply and marketing of marine gas oil"
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of June 2026

 

Commission File Number: 001-42604

 

TMD Energy Limited

(Exact name of Registrant as specified in its charter)

 

B-10-06, Block B, Plaza Mont Kiara

No. 2, Jalan Kiara, Mont Kiara

50480 Kuala Lumpur

Wilayah Persekutuan, West Malaysia

(Address of principal executive office)

 

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

 

Form 20-F ☒ Form 40-F ☐

 

 

 

 
 

 

INFORMATION CONTAINED IN THIS REPORT ON FORM 6-K

 

On June 8, 2026, TMD Energy Limited (the “Company”) issued a press release announcing a two-year extension of its Memorandum of Agreement with Double Corporate Sdn Bhd, originally signed on June 18, 2025, to explore a strategic collaboration on sustainable bioenergy fuel solutions.

 

A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

 

EXHIBITS

 

Exhibit No.   Description
99.1   Press Release dated June 8, 2026, Announcing the Two-Year Extension of its Memorandum of Agreement with Double Corporate Sdn Bhd

 

 
 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  TMD Energy Limited
     
  By: /s/ Dato’ Sri Kam Choy Ho
  Name: Dato’ Sri Kam Choy Ho
Date: June 8, 2026 Title: Director and Chief Executive Officer

 

 

 

Exhibit 99.1

 

TMD Energy Limited Extends Memorandum of Agreement with Double Corporate Sdn Bhd by Two Years to Advance Green Bioenergy Collaboration

 

KUALA LUMPUR, MALAYSIA, 8 June, 2026 - TMD Energy Limited (NYSE AMERICAN: TMDE) (“we” or the “Company” or “TMDEL”), together with its subsidiaries (the “Group” or “TMDEL Group”), a Malaysia and Singapore based service provider engaged in integrated bunkering services segment which involves ship-to-ship transfer of marine fuels, ship management services and vessel chartering services, today announced a two-year extension of its Memorandum of Agreement (“MOA”) with bioenergy firm Double Corporate Sdn Bhd (“Double Corporate”) to explore strategic collaboration for the EU and Asia markets.

 

Initially signed on June 18, 2025, the MOA establishes a framework for a proposed collaboration on sustainable bioenergy fuel solutions by both parties. While the original agreement was set for a one-year term, this extension adds an additional two years to the MOA from its current expiry date, maintaining all original terms and conditions.

 

This extension grants both parties additional time to continue discussions, comprehensively evaluate the proposed collaboration and explore potential participation in Malaysia and global markets with a two-year exclusivity period, and negotiate toward the execution of definitive agreements.

 

“We are pleased to extend our partnership with Double Corporate,” said Dato’ Sri Kam Choy Ho, Director and Chief Executive Officer of the Company. “This extended timeframe allows us to continue advancing discussions on a potential collaboration that integrates Double Corporate’s innovative waste-to-energy technologies and our expanding footprint in the global marine fuel market.”

 

About Double Corporate

 

Double Corporate, established in 2006, is a certified Malaysian bioenergy leader converting waste into sustainable fuels and lubricants through proprietary ISCC-EU-approved technology. Double Corporate is in the development and commercialization of waste-based bioenergy, with a focus on refining palm oil mill effluent, Empty Fruit Bunches, used cooking oil, and other industrial waste oils into certified biofuels. Its high-yield (1:1 conversion) refining process minimizes waste and energy consumption while producing critical feedstocks for SAF and SMF — supported by global certifications American Petroleum Institute, ISCC and automated in-house systems. For more information, please visit Double Corporate website at: www.doublecorporate.com.

 

 
 

 

About TMD Energy Limited

 

TMD Energy Limited and its subsidiaries 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 vessels chartering. As of today, TMDEL Group operates in 19 ports across Malaysia with a fleet of 15 bunkering vessels.

 

For more information about our Company and its business activities, please visit our website at: www.tmdel.com.

 

Forward-Looking Statements

 

Certain statements in this announcement are forward-looking statements, including but not limited to, statements regarding the MOA and the proposed collaboration with Double Corporate. 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, result 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
e-Mail: services@wealthfsllc.com

 

 

FAQ

What did TMD Energy Limited (TMDE) announce in this 6-K filing?

TMD Energy Limited announced a two-year extension of its Memorandum of Agreement with Double Corporate Sdn Bhd. The extended agreement continues their framework to explore strategic collaboration on sustainable bioenergy fuel solutions targeting EU, Asia, Malaysia and broader global markets.

What is the purpose of TMD Energy’s MOA with Double Corporate Sdn Bhd?

The MOA establishes a framework for a proposed collaboration on sustainable bioenergy fuel solutions. It allows both parties to explore strategic opportunities, evaluate potential participation in Malaysia and global markets, and negotiate toward definitive agreements focused on waste-based biofuels and related green energy products.

How long is the extended collaboration period between TMDE and Double Corporate?

The original Memorandum of Agreement was for one year and has now been extended by an additional two years. The extension also includes a two-year exclusivity period while both parties continue discussions and assess the proposed bioenergy collaboration in Malaysia and international markets.

What businesses are TMD Energy Limited and Double Corporate involved in?

TMD Energy Limited provides marine fuel bunkering, ship management and vessel chartering services, operating in 19 Malaysian ports with 15 bunkering vessels. Double Corporate is a certified Malaysian bioenergy company converting waste oils and residues into sustainable fuels and lubricants using ISCC-EU-approved technology.

Does the TMD Energy and Double Corporate MOA guarantee a final bioenergy deal?

The MOA does not guarantee a final deal; it creates a framework for discussions. The two-year extension gives both companies more time to evaluate the proposed collaboration and negotiate potential definitive agreements on sustainable bioenergy fuel solutions for regional and global markets.

Filing Exhibits & Attachments

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