CBL International Limited (NASDAQ: BANL), a Nasdaq-listed marine fuel logistics and bunkering facilitator operating as Banle Group, announced on April 22, 2026, that it has acquired a 50.5% majority stake in Green Marine Energy Holdings Limited (GMH), a British Virgin Islands incorporated company. The transaction, executed by CBL's wholly-owned subsidiary through a Share Sale and Purchase Agreement, includes a corporate guarantee from CBL to secure the payment obligations of its subsidiary to the sellers.
GMH operates two complementary businesses in Malaysia: feedstock trading for sustainable aviation fuel (SAF) and biofuels, and ship biofuel supply along 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.
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, helping it scale its feedstock trading activities and explore opportunities to supply SAF-related producers in Malaysia. Malaysia is seeing increased investment in sustainable fuel infrastructure, with new commercial-scale SAF production facilities opening and planned in the country, underscoring the potential for feedstock demand in the region.
In the bunkering segment, GMH's license positions the combined group to develop traditional and biofuel bunkering supply capabilities at key Malaysian ports, including Port Klang, one of the world's top ten ports by throughput. This builds on CBL's existing bunkering facilitation services and supports the industry's transition toward lower-carbon marine fuels.
Dr. Teck Lim Chia, Chairman and Chief Executive Officer of CBL, commented: "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. We look forward to working with the GMH team to support the responsible growth of these businesses in line with market developments."
The transaction is expected to enhance CBL's long-term positioning in the evolving marine and energy sectors without altering the Company's primary focus on its established bunkering facilitation activities. For more information about CBL International Limited, visit https://www.banle-intl.com.
