NASDAQ-listed CBL International Limited (Banle Group) has acquired a 50.5% stake in Green Marine Energy Holdings. This strategic move expands CBL’s reach into SAF feedstock trading and biofuel bunkering at Port Klang, Malaysia, supporting the global maritime energy transition.
Kuala Lumpur | April 22, 2026 – CBL International Limited, the listing vehicle of the Banle Group, has announced a strategic acquisition of a 50.5% majority stake in Green Marine Energy Holdings Limited (GMH).
The move significantly expands CBL’s footprint in Malaysia, allowing the group to move upstream into feedstock trading for Sustainable Aviation Fuel (SAF) and biofuels, while simultaneously securing physical bunkering licenses in one of the world’s most critical maritime hubs.
Strategic Entry into the SAF & Biofuel Supply Chain
Through this acquisition, CBL gains immediate access to GMH’s dual-track business model in Malaysia:
- Feedstock Trading: GMH holds specialized licenses to source and trade the raw materials essential for SAF and biofuel production. With Malaysia rapidly becoming a regional center for commercial-scale SAF facilities, this positions CBL as a key supplier to the aviation energy sector.
- Biofuel Bunkering: GMH possesses the necessary licenses to supply both conventional bunker fuel and biofuels within Malaysian waters, including Port Klang, consistently ranked among the top ten busiest ports globally.
“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,” said Dr. Teck Lim Chia, Chairman and CEO of CBL.
Capitalizing on Malaysia’s Green Energy Push
The timing of the deal aligns with Malaysia’s aggressive investment in sustainable fuel infrastructure. As global ESG regulations (such as FuelEU Maritime and RefuelEU Aviation) tighten, the demand for verified bio-feedstocks is surging.
By integrating GMH’s operational licenses with CBL’s extensive financial resources and regional logistics network, the combined group is prepared to:
- Scale Feedstock Operations: Supporting the growing number of SAF producers in the Southeast Asian region.
- Enhance Bunkering Capabilities: Developing advanced biofuel blending and supply capabilities at Port Klang to support the maritime industry’s decarbonization.
Financial and Corporate Structure
The transaction was executed by a wholly-owned subsidiary of CBL, with the parent company providing a corporate guarantee to secure payment obligations. Despite this expansion into the sustainable fuel trading sector, CBL has emphasized that its primary focus remains on its established bunkering facilitation activities across its 70+ port network.
About CBL International Limited
CBL International Limited (Nasdaq: BANL) is the listing vehicle of Banle Group, a premier marine fuel logistics provider established in 2015 based in the Asia-Pacific region. The Group is a dedicated bunkering facilitator, committed to providing global ship operators with comprehensive, one-stop solutions for vessel refueling. As of April 17, 2026, Banle Group facilitates bunkering services through an extensive network of local physical suppliers across 70 major ports in 17 countries, including Australia, Belgium, China, Hong Kong, India, Japan, Korea, Malaysia, Mauritius, Netherlands, Panama, the Philippines, Singapore, Taiwan, Thailand, Turkey, and Vietnam.
Driven by a commitment to the global energy transition, the Group actively promotes the adoption of sustainable marine fuels. Banle Group’s leadership in ESG is underscored by its ISCC EU and ISCC Plus certifications, as well as its EcoVadis Silver Medal, reflecting its adherence to the highest international standards for sustainability and supply chain transparency.
Source: CBL International Limited