TMD Energy diversifies into waste oil-to-biodiesel business
Malaysia- and Singapore-based marine fuel bunkering services provider TMD Energy Limited (TMDEL) has decided to expand strategically into oil waste collection, enhancing its environmental, social, and governance (ESG) commitments.
The company, which specializes in integrated bunkering services involving ship-to-ship transfer of marine fuels, ship management services and vessel chartering services, considers waste as a valuable resource that can be turned into fuel for ships.
As informed, the initiative aims to collect sludge oil and used cooking oil and sell to third-party partners for processing into biodiesel, which also helps diversify the company’s revenue streams.
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Biodiesel surges ahead in confidence as shipping industry weighs maritime fuel options
Following a successful initial public offering (IPO), TMD Energy intends to leverage its logistics network and industry expertise to meet the increasing demand for sustainable waste disposal. It plans to collect residual oils from maritime operators and the food industry, facilitating their conversion into cleaner biodiesel.
This circular economy approach not only mitigates greenhouse gas emissions but also supports Malaysia’s national
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