TMD Energy enters into MOA with Double Corporate

TMD Energy (TMDE), together with its subsidiaries is a Malaysia and Singapore based services provider engaged in integrated bunkering services announced the Company has entered into a Memorandum of Agreement, or MOA, with bioenergy firm Double Corporate to explore a strategic collaboration for the EU and Asia market. The MOA initiates exclusive good-faith negotiations to formalize partnerships in bioenergy sustainable fuel solutions and operational integration. Double Corporate is a ISCC-EU certified Malaysian-based bioenergy company specializing in waste-based bioenergy and it involves converting waste into high-yield sustainable fuels and lubricants using proprietary, ISCC-EU-approved technology. Double Corporate brings to the table a decade-long expertise in producing high-yield, low-emission biofuels suitable for applications in the sustainable aviation fuel and sustainable marine fuel markets, particularly in Europe and Asia. The MOA establishes the parties’ intention to enter into mutual discussions to collaborate and participate in the business in Malaysia and globally with a one-year exclusivity period for negotiations, extendable by mutual consent. Both parties will prioritize finalizing definitive agreements within the exclusivity window.