New venture delight for Techfast Holdings

Under the agreement, Techfast’s unit, Fast Energy Sdn Bhd, will provide Wise Marine with 10,000 tonnes to 30,000 tonnes of marine fuel oils per month, bringing a full year total supply of up to 360,000 tonnes.(File pic shows Techfast factory)

KUALA LUMPUR: A subsidiary of ACE Market-listed Techfast Holdings Bhd has entered into an agreement to supply Singapore-based Wise Marine Pte Ltd with a range of marine fuel oils for an estimated contract value of RM2.2bil over a period of three years.

Under the agreement, Techfast’s unit, Fast Energy Sdn Bhd, will provide Wise Marine with 10,000 tonnes to 30,000 tonnes of marine fuel oils per month, bringing a full year total supply of up to 360,000 tonnes.