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TMDE vs UGP

TMD Energy Limited and Ultrapar Participacoes S.A.

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TMD Energy Limited

TMD Energy Limited, an investment holding company, provides marine fuel bunkering services in Hong Kong, Malaysia, Indonesia, Singapore, and Vietnam. The company involved in marketing and supply of marine gas and fuel oil, including high sulfur fuel oil, low sulfur fuel oil, and very low sulfur fuel oil products to ships and vessels. It also provides vessel chartering and ship management services for in-house and external vessels; sale of cargo oil and fresh water; and general cleaning and disinfecting services. It operates with a fleet of 15 well-maintained bunkering vessels. TMD Energy Limited was incorporated in 2023 and is based in the Kuala Lumpur, Malaysia. TMD Energy Limited is a subsidiary of Straits Energy Resources Berhad.

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Ultrapar Participacoes S.A.

Ultrapar Participações S.A., through its subsidiaries, operates in the energy and infrastructure business in Brazil. The company distributes liquefied petroleum gas to residential, commercial, and industrial consumers. It also operates Stella, a technology platform that connects renewable electric power generators and customers; and transports compressed natural gas. In addition, the company is involved in the distribution and marketing of gasoline, ethanol, diesel, fuel oil, kerosene, natural gas for vehicles, and lubricants; and holds AmPm convenience stores and provides Jet Oil lubricant services. Further, it operates liquid bulk storage terminals. Additionally, the company offers digital payments services, combining the abastece aí app and the loyalty program Km de Vantagens. It also exports its products and services to customers in Europe, the United States, Canada, other Latin American countries, Asia, and internationally. The company was founded in 1937 and is headquartered in São Paulo, Brazil.

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