MoUJun 8, 2026, 07:31 AM
TMD Energy Extends Bioenergy MOA with Double Corporate by Two Years
AI Summary
TMD Energy Limited announced a two-year extension of its Memorandum of Agreement (MOA) with bioenergy firm Double Corporate Sdn Bhd. The original MOA, signed on June 18, 2025, established a framework for exploring strategic collaboration on sustainable bioenergy fuel solutions for the EU and Asia markets. This extension, effective June 8, 2026, adds two years to the agreement, maintaining all original terms and conditions and granting a two-year exclusivity period for market participation.
Key Highlights
- TMD Energy extended its Memorandum of Agreement (MOA) with Double Corporate Sdn Bhd by two years.
- The original MOA was signed on June 18, 2025, for a one-year term.
- The extension adds two years from the current expiry date, maintaining all original terms and conditions.
- The MOA aims to explore strategic collaboration on sustainable bioenergy fuel solutions.
- The collaboration targets the EU and Asia markets.
- The extension includes a two-year exclusivity period for potential participation in Malaysia and global markets.
- The partnership seeks to integrate Double Corporate's waste-to-energy technologies with TMDEL's marine fuel market.
Price Impact