Dialog Group Berhad is pleased to announce that DIALOG’s indirect wholly owned subsidiary, Dialog Terminals Langsat (3) Sdn. Bhd. will be expanding its terminal operations with the development of storage facilities for renewable products at its terminal in Tanjung Langsat, Johor Darul Ta’zim, Malaysia, namely DIALOG Terminals Langsat 3 (“Project DTL3”). Project DTL3 is DIALOG’s first foray into storage facilities for sustainable and renewable fuel products with a storage capacity of approximately 24,000 m3 connected to truck loading bays and existing marine facilities.

This development is largely in response to growing investor interest in low-carbon fuel alternatives and DIALOG is expanding its terminal operations to cater for such sustainable and renewable fuel products.

Bulk fuel storage terminals have an opportunity to become principal facilitators of the energy transition by helping to develop new low-carbon lines of products and services. Terminals could also play a pivotal role in the transport and logistics of newer, emerging product lines like biodiesel, sustainable aviation fuel and their associated feedstock. In essence, this gives terminals a new lease on life and new value in the energy transition, while retaining their traditional role as the gateway to energy trading. Potential users include biofuel production companies, energy trading houses, multinational energy companies and others.

The development of storage facilities for sustainable and renewable products is in line with low-carbon economy transition under DIALOG’s Climate Change Strategy as part of ongoing efforts to expand product and solution offering to support the growth and development in the sustainable and renewable sector. This development is also a continuation of the initiatives by the Group to achieve business sustainability and fulfill its Environmental, Social and Governance agenda through commercially viable ventures.

In addition, the strengthening of the midstream capabilities will lead to an increase in DIALOG’s sources of sustainable and recurring income in the future and reinforces DIALOG’s position as a leading integrated technical services provider.

DIALOG will remain focused and steadfast in the pursuit of diversification across the upstream, midstream and downstream energy sector as well as the sustainable and renewable sector to strategically position the Group to weather different economic and oil price cycles, which is in line with the Group’s strategy of generating long term recurring income.

For more information visit www.dialogasia.com

20th February 2023