Business
CBL International Limited Acquires Majority Stake in Green Marine Energy Holdings Limited
Expanding Sustainable Fuel Material Trading Business in Malaysia to Support SAF and Biofuel Industries KUALA LUMPUR, MALAYSIA - April 22, 2026 (NEWMEDIAWIRE) - CBL International Limited (NASDAQ: BANL) ("CBL" or the "Company"), a Nasdaq-listed marine ...
About this update from Cbl International Limited
[{"type":"text","content":"Expanding Sustainable Fuel Material Trading Business in Malaysia to Support SAF and Biofuel Industries","length":102,"tagName":"p"},{"type":"text","content":"KUALA LUMPUR, MALAYSIA - April 22, 2026 (NEWMEDIAWIRE) - CBL International Limited (NASDAQ: BANL) ("CBL" or the "Company"), a Nasdaq-listed marine fuel logistics and bunkering facilitator of Banle Group ("Banle" or "the Group") focused on the Asia-Pacific region, today announced the acquisition of a 50.5% majority stake in Green Marine Energy Holdings Limited ("GMH"), a British Virgin Islands incorporated company. The transaction will be executed by CBL's wholly-owned subsidiary, which has signed the Share Sale and Purchase Agreement (the "SPA") as the buyer. To support the transaction, CBL will provide a corporate guarantee to the sellers, securing the payment obligations of its subsidiary.","length":764,"tagName":"p"},{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":"ACN Newswire","className":"","disableSlideshowImg":false,"size":{"original":{"width":220,"height":130,"url":"https://media.zenfs.com/en/newsmediawire_165/d41650a265fffbec30203a20b9a7ca32"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/kiEiHqCMDo9qQHgP.n3LFA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTI0OA--/https://media.zenfs.com/en/newsmediawire_165/d41650a265fffbec30203a20b9a7ca32","width":220,"height":130}}},{"type":"text","content":"GMH operates two complementary businesses in Malaysia: feedstock trading for sustainable aviation fuel (SAF) and biofuels, and ship biofuel supply together with traditional bunkering services. The feedstock trading arm holds the necessary licenses to source and trade raw materials used in SAF and biofuel production, supported by an established network of suppliers and customers. Its bunkering operations include a license to supply both conventional bunker fuel and biofuels within Malaysian waters.","length":502,"tagName":"p"},{"type":"text","content":"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, complementing ...