CBL acquires majority stake in Green Marine Energy

23 Apr 2026 CW Team

CBL International has acquired a 50.5 per cent majority stake in Green Marine Energy Holdings (GMH) through its wholly owned subsidiary under a share sale and purchase agreement. The transaction includes a corporate guarantee from CBL to support payment obligations.

GMH operates two complementary businesses in Malaysia. Its first division trades feedstock used in sustainable aviation fuel (SAF) and biofuel production, supported by an established supplier and customer network. Its second division holds licences to supply conventional bunker fuel and biofuels within Malaysian waters.

The acquisition marks CBL’s entry into expanding lower-carbon fuel value chains as demand rises across maritime and aviation sectors. Malaysia is witnessing fresh investment in sustainable fuel infrastructure, with new SAF production facilities commissioned and additional capacity planned. This is expected to increase regional demand for feedstock supply.

GMH’s bunkering licences also strengthen the combined group’s ability to develop marine fuel supply capabilities at strategic ports, including Port Klang, one of the world’s busiest ports by cargo throughput. The move builds on CBL’s existing bunkering facilitation operations across the Asia-Pacific region.

CBL said the transaction enhances its long-term market position while maintaining focus on its core marine fuel logistics and bunkering business.

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