Straits’ Unit Accelerates Shipping’s Energy Transition With Pioneering Delivery of ISCC EU Certified Marine Biofuel in Malaysia

Tumpuan Megah supplied approximately 4,500 metric tonnes of ISCC EU-certified B24 marine biofuel to a containership operated by one of the world’s top 3 largest integrated logistics companies. The bunkering operation took place on the 25th of April 2024 at the Port of Tanjung Pelepas in the state of Johor.

“We are excited to announce that Tumpuan Megah has successfully supplied ISCC EU certified marine biofuel to a containership at the Port of Tanjung Pelepas. We believe this was the first delivery of certified sustainable marine biofuel by a Malaysian supplier, underscoring our commitment to support the industry’s transition to alternative fuels and reduce its impact on the environment.

As Malaysia’s first ISCC EU-certified supplier and trader of maritime biofuels, and one of the nation’s leading suppliers of quality bunker fuels, we are positioned to play a key role in fueling the industry’s sustainable growth. As demand for marine biofuels accelerates, we expect this business to be a key contributor to our future earnings growth.”

Tumpuan Megah is mainly involved in ship-to-ship bunkering services as well as barging operations. In January 2024, Straits announced that Tumpuan Megah had become the first Malaysian industry player to achieve ISCC EU certification as a supplier and trader of biofuels, spearheading the industry’s efforts to lower shipping’s carbon

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With ISCC EU certification, maritime industry players can demonstrate compliance with the sustainability and GHG emission-saving criteria of the European Union (EU). This includes the EU Renewable Energy Directive (RED II), which has set strict guidelines for which biofuels can be considered sustainable. ISCC certification is recognised in key energy markets, including the European Union, the United Kingdom, Japan and Singapore.
Source: Straits Energy Resources Berhad