+
CBL acquires majority stake in Green Marine Energy
POWER & RENEWABLE ENERGY

CBL acquires majority stake in Green Marine Energy

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. 

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. 

Related Stories

Gold Stories

Next Story
Infrastructure Urban

NABARD Holds Seminar on Vigilance, Integrity and Good Governance

National Bank for Agriculture and Rural Development (NABARD) organised a seminar on “Vigilance: Strengthening Integrity and Good Governance” on 25 August 2026 at its Head Office in Mumbai as part of the ongoing Vigilance Awareness Campaign 2026 being observed from 17 August to 16 November 2026, with the theme “Probity for Prosperity."" The seminar was graced by Suresh N Patel, Former Central Vigilance Commissioner, Government of India, as the chief guest and keynote speaker.  The programme was attended by G S Rawat, Deputy Managing Director, Dr Ajay K Sood, Deputy Managing Dire..

Next Story
Equipment

XCMG Unveils World's First 14,000-Ton Ring Crane for Heavy Lifting

XCMG has announced that the first main unit of the world's first 14,000-ton ring crane has rolled off the production line, marking a historic breakthrough in ultra-heavy lifting technology. Jointly developed by XCMG and Sinopec Heavy Lifting & Transportation Co., Ltd., the crane will be the largest-capacity ring crane ever built, setting a new benchmark for major construction projects worldwide.The crane features a modular configuration comprising two main units that work in tandem. The first main unit has completed final assembly and can independently perform lifting operations. Once both..

Next Story
Infrastructure Urban

Thriveni Logistics orders 200 tip trailers from Jagdamba trailers

Jagdamba Trailers (JTPL), one of India’s growing trailer manufacturers, has secured a significant order for 200 Tip Trailers from Thriveni Transport and Logistics Pvt. Ltd., a leading mining and logistics company serving operations across India and overseas.The order, placed for iron ore transportation, is a major milestone for JTPL, particularly as the company secured the business after competing with more than 10 established trailer manufacturers. It also strengthens an already successful relationship between the two companies. Approximately one and a half years ago, Thriveni Transport and..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code