TMD Energy Limited Extends Memorandum of Agreement with Double Corporate Sdn Bhd by Two Years to Advance Green Bioenergy Collaboration
KUALA LUMPUR, MALAYSIA, June 08, 2026 (GLOBE NEWSWIRE) — TMD Energy Limited (NYSE AMERICAN: TMDE), a Malaysia and Singapore based service provider engaged in integrated bunkering services, today announced a two-year extension of its Memorandum of Agreement (MOA) with bioenergy firm Double Corporate Sdn Bhd to explore strategic collaboration for the EU and Asia markets.
The initial MOA was signed on June 18, 2025, establishing a framework for a proposed collaboration on sustainable bioenergy fuel solutions. The original agreement was set for a one-year term, but this extension adds an additional two years to the MOA from its current expiry date, maintaining all original terms and conditions.
The extended timeframe allows both parties to continue advancing discussions on a potential collaboration that integrates Double Corporate’s innovative waste-to-energy technologies with TMD Energy Limited’s expanding footprint in the global marine fuel market. This partnership aims to explore opportunities for Malaysia and global markets, with a two-year exclusivity period and negotiations 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 TMD Energy Limited. “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. The company is developing and commercializing waste-based bioenergy, focusing on refining palm oil mill effluent, Empty Fruit Bunches, used cooking oil, and other industrial waste oils into certified biofuels.
About TMD Energy Limited
TMD Energy Limited and its subsidiaries are primarily involved in marine fuel bunkering services, specializing in the supply and marketing of marine gas oil and marine fuel oil. The company also provides 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.
The extension of the MOA demonstrates TMD Energy Limited’s commitment to advancing green bioenergy collaboration and its dedication to exploring sustainable solutions for the marine fuel market.
Original Article: TMD Energy Limited Extends Memorandum of Agreement with Double Corporate Sdn Bhd by Two Years to Advance Green Bioenergy Collaboration — Yahoo