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The latest announcement is out from TMD Energy Limited ( (TMDE) ).
On May 21, 2025, TMD Energy Limited announced its strategic expansion into oil waste collection as part of its core Environmental, Social, and Governance (ESG) initiative. This move aims to collect sludge oil and used cooking oil for conversion into biodiesel, enhancing the company’s revenue streams and supporting Malaysia’s renewable energy goals. The initiative positions TMD Energy as a key player in Southeast Asia’s green energy transition, aligning with government incentives and corporate demand for sustainable practices.
More about TMD Energy Limited
TMD Energy Limited and its subsidiaries, based in Malaysia and Singapore, are primarily engaged in marine fuel bunkering services, which include the supply and marketing of various types of marine fuel oil to ships at sea. The company also provides ship management and vessel chartering services, operating in 19 ports across Malaysia with a fleet of 15 bunkering vessels.
Average Trading Volume: 1,391,983
For detailed information about TMDE stock, go to TipRanks’ Stock Analysis page.