CBL International Limited (NASDAQ: BANL) has acquired a 50.5% majority stake in Green Marine Energy Holdings Limited (GMH), a British Virgin Islands company with operations in Malaysia, as announced in a press release on April 22, 2026. The transaction, executed through CBL's wholly-owned subsidiary via a Share Sale and Purchase Agreement, includes a corporate guarantee from CBL to secure payment obligations. GMH operates two complementary businesses: feedstock trading for sustainable aviation fuel (SAF) and biofuels, and ship biofuel supply alongside traditional bunkering services. The feedstock trading arm holds licenses to source and trade raw materials for SAF and biofuel production, supported by an established supplier and customer network. Its bunkering operations include a license to supply conventional bunker fuel and biofuels within Malaysian waters.
This strategic investment aligns with 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, scaling its feedstock trading activities and exploring 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, 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 (Nasdaq: BANL) is the listing vehicle of Banle Group, a marine fuel logistics company based in the Asia Pacific region, established in 2015. The Group facilitates vessel refueling in over 70 major ports across Australia, Belgium, China, Hong Kong, India, Japan, Korea, Malaysia, Mauritius, Netherlands, Panama, the Philippines, Singapore, Taiwan, Thailand, Turkey, and Vietnam, as of April 17, 2026. The Group actively promotes the use of sustainable fuels and holds ISCC EU and ISCC Plus certifications, as well as an EcoVadis Silver Medal. More information is available at https://www.banle-intl.com.
