(L-R, front row): Prof. Dr. Md Nasir Ibrahim, GM of Golden Pristine Synergy; Prof. Dato’ Sri Dr. How Kok Choong, Founder & Group CEO of ATPC; Jeffrey Hattara, CEO, and A.Magedaragamage, Advisor of Swiss One Oil & Gas AG.
NASDAQ-listed AGAPE ATP Corporation (“ATPC”), through its subsidiary ATPC Green Energy Sdn. Bhd. (“ATPC Green Energy”), has entered into two landmark Sales and Purchase Agreements (“SPAs”) with Swiss One Oil & Gas AG (“Swiss One”) worth an estimated USD 24 billion.
These SPAs build on a previously signed Initial Corporate Purchase Order (“ICPO”) in February 2025, which established the framework for procuring and supplying refined fuels, including Jet Fuel A1 and EN590 10PPM diesel. The ICPO initially covered a trial shipment of 100,000 metric tonnes of EN590 10PPM diesel and one million barrels of Jet Fuel A1. With the successful completion of this phase, the companies have now moved to long-term, structured agreements.
As part of the SPAs, ATPC Green Energy will supply Swiss One with EN590 10PPM diesel and Jet Fuel A1 over a 12-month period, with potential for extensions. The first phase of the agreement will involve a trial order of 200,000 metric tonnes of EN590 10PPM diesel and 2 million barrels of Jet Fuel A1, with shipments set to begin in March 2025. If the trial is successful, the contract will evolve into full-scale supply, delivering 500,000 metric tonnes of EN590 10PPM diesel and 2 million barrels of Jet Fuel A1 weekly to meet the escalating global demand for these fuels.
All deliveries will adhere to Free on Board (“FOB”) procedures at major international ports, ensuring smooth logistics and strict adherence to international trade regulations. The fuels supplied will meet global quality standards, with independent inspections by SGS or equivalent authorities to confirm compliance with ASTM/IP standards.
Prof Dato’ Sri Dr. How Kok Choong, Founder and Global Group CEO of ATPC, remarked, “The ICPO with Swiss One Oil & Gas AG was a pivotal step in building operational trust and efficiency within the oil and gas industry. The transition to full-scale SPAs reflects the strong confidence and partnership we have forged, positioning ATPC as a reliable supplier capable of consistently meeting high-volume fuel demands while ensuring top-quality products.”
Jeff Hattara, CEO of Swiss One Oil and Gas, added, “I extend my sincere gratitude to Mr. Steven Huffman, President and Director of Swiss One Oil & Gas Asia Pacific Operations, and Mr. Magedaragamage, advisor to Swiss One Oil & Gas, for their invaluable efforts and support in this venture. Both Mr. Huffman and Mr. Magedaragamage will be onsite to collaborate with Agape in overseeing logistics and future operations.”
Through this strategic partnership, ATPC is enhancing its energy trading portfolio, expanding its market presence, and securing sustainable business growth. This collaboration is expected to significantly boost ATPC’s revenue streams and align with its long-term vision of establishing a diversified, future-ready business model.
