CBL International acquires majority stake in Green Marine Energy Holdings

The deal expands CBL into SAF feedstock trading and biofuels.

CBL International announced it has acquired a 50.5% majority stake in Green Marine Energy Holdings (GMH), a British Virgin Islands–incorporated company with operations in Malaysia.

The acquisition will be carried out through CBL’s wholly owned subsidiary, which has signed a Share Sale and Purchase Agreement as the buyer. CBL will issue a corporate guarantee covering its subsidiary’s payment obligations to the sellers.

GMH operates in two areas in Malaysia: feedstock trading for sustainable aviation fuel (SAF) and biofuels, and bunkering services supplying both marine biofuels and conventional fuel.

Its feedstock business is licensed to source and trade raw materials used in SAF and biofuel production, supported by an established supplier and customer network. Its bunkering arm is licensed to operate in Malaysian waters, including at major ports such as Port Klang.

CBL said the acquisition aligns with global demand for lower-carbon fuels and ESG-driven regulatory trends in the maritime and aviation sectors.

The company expects its logistics expertise and financial resources to support GMH’s expansion, particularly in feedstock trading and SAF-related supply chains in Malaysia.

Malaysia is expanding its sustainable fuel infrastructure, with new SAF production projects underway or planned, which is expected to increase demand for feedstock materials.

“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,” CBL Chairman and CEO Dr. Teck Lim Chia said.

The company said the acquisition is expected to strengthen its long-term position in marine fuels and sustainable energy markets without changing its primary bunkering facilitation business.