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Straits’ Unit Fast-Tracks Energy Transition with First ISCC EU Certified Marine Biofuel Delivery in Malaysia

KUALA LUMPUR: Today, Straits Energy Resources Berhad (“Straits” or the “Company”), a publicly listed entity on Bursa Malaysia, proudly announced a significant milestone. Its subsidiary, Tumpuan Megah Development Sdn Bhd (“Tumpuan Megah”), has achieved what is believed to be a groundbreaking feat: the successful delivery of the first-ever International Sustainability and Carbon Certification (“ISCC EU”) certified marine biofuel by a Malaysian supplier.

A barge operated by Straits Energy Resources Berhad subsidiary Tumpuan Megah Development delivers marine biofuel to a containership operated by one of the world’s top 3 largest integrated logistics companies at Port Tanjung Pelepas, Johor.

In collaboration with Minerva Bunkering Pte Ltd, the world’s largest physical bunker supplier and a prominent international marine fuel provider, 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 three largest integrated logistics companies. This momentous bunkering operation took place on April 25, 2024, at the Port of Tanjung Pelepas in Johor state.

 

Dato’ Sri Ron Ho Kam Choy, Managing Director of Straits Energy Resources Berhad, expressed his enthusiasm, stating: “We are thrilled to announce the successful delivery of ISCC EU certified marine biofuel by Tumpuan Megah, in collaboration with Minerva Bunkering, at the Port of Tanjung Pelepas. This achievement marks a significant milestone as it represents the first delivery of certified sustainable marine biofuel by a Malaysian supplier. It underscores our unwavering commitment to facilitate the industry’s transition towards alternative fuels and mitigate its environmental impact.”

 

He further emphasized the potential of sustainable marine biofuels in substantially reducing carbon emissions and mitigating the overall carbon footprint of maritime operations. However, he stressed the importance of ensuring the sustainability of biofuels, highlighting the significance of ISCC EU certification in assuring feedstock sustainability, supply chain traceability, and verified emission reductions.

 

“As Malaysia’s inaugural ISCC EU-certified supplier and trader of maritime biofuels, and a prominent provider of quality bunker fuels in the nation, we are poised to play a pivotal role in driving the industry’s sustainable growth,” Dato’ Sri Ron Ho Kam Choy remarked. “As the demand for marine biofuels continues to surge, we anticipate this segment to significantly contribute to our future earnings growth.”

 

Tumpuan Megah primarily engages in ship-to-ship bunkering services and barging operations. In January 2024, Straits Energy Resources Berhad announced Tumpuan Megah’s pioneering achievement as the first Malaysian industry player to attain ISCC EU certification as a supplier and trader of biofuels, leading the charge in reducing shipping’s carbon footprint. This milestone also paved the way for Straits’ entry into the rapidly expanding marine biofuel trading and bunkering sector.

 

With ISCC EU certification, maritime industry stakeholders can demonstrate compliance with the sustainability and greenhouse gas emission reduction criteria outlined by the European Union (EU). This includes adherence to the EU Renewable Energy Directive (RED II), which establishes stringent guidelines for identifying sustainable biofuels. Notably, ISCC certification holds recognition in key energy markets such as the European Union, the United Kingdom, Japan, and Singapore.

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