Straits Energy Resources Berhad announced that its subsidiary, Tumpuan Megah Development Sdn Bhd has successfully completed what it believes to be the first delivery of International Sustainability and Carbon Certification certified marine biofuel by a Malaysian supplier.
In partnership with Minerva Bunkering Pte, the company supplied approximately 4500 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.
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 footprint. The move also set the stage for Straits’ foray into the rapidly growing marine biofuel trading and bunkering industry.
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.
