TMD Energy Ltd. has announced a strategic expansion into oil waste collection, marking a significant enhancement of its Environmental, Social, and Governance $(ESG)$ commitments. This initiative involves the collection of sludge oil and used cooking oil, which will be sold to third-party partners for processing into biodiesel. This expansion aims to diversify revenue streams and aligns with regulatory frameworks and corporate demand for eco-conscious partnerships. TMD Energy Ltd. plans to leverage its logistics network and industry expertise to collect residual oils from maritime operators and the food industry, supporting the conversion into biodiesel. This approach contributes to greenhouse gas emissions mitigation and supports Malaysia's commitment to renewable energy adoption. The full report can be accessed through the link below.
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