NASDAQ-listed AGAPE ATP Corporation (“ATPC”) through its subsidiary ATPC Green Energy Sdn. Bhd. (“ATPC Green Energy”), has entered into two Sales and Purchase Agreements (“SPAs”) with an aggregate value of approximately USD 24 billion with Swiss One Oil & Gas AG (“Swiss One”).
These SPAs build upon an earlier Initial Corporate Purchase Order (“ICPO”) signed in February 2025, which laid the foundation for the procurement and supply of refined fuels, including Jet Fuel A1 and EN590 10PPM diesel.
The ICPO covered a trial shipment of 100,000 metric tonnes of EN590 10PPM diesel and one million barrels of Jet Fuel A1. The successful completion of this phase has now led to long-term structured agreements between the parties.
Under the terms of the SPAs, ATPC Green Energy will supply EN590 10PPM diesel and Jet Fuel A1 to Swiss One over a 12-month period plus rolls and extensions, with an initial trial order comprising 200,000 metric tonnes of EN590 10PPM diesel and 2 million barrels of Jet Fuel A1. The trial shipment is scheduled to commence in March 2025.
Upon successful completion of the trial, the contract will transition into full-scale supply, with weekly deliveries of 500,000 metric tonnes of EN590 10PPM diesel and 2 million barrels of Jet Fuel A1 to meet growing global demand.
All deliveries will be executed through Free on Board (“FOB”) procedures at major international ports, ensuring seamless logistics and adherence to international trade protocols.
The agreement also maintains compliance with global quality standards, with SGS or equivalent inspection authorities conducting independent quality assessments to ensure that the fuel meets ASTM/IP international standards.
Prof Dato’ Sri Dr How Kok Choong, the Founder and Global Group CEO of ATPC said,
“Our initial ICPO with Swiss One Oil & Gas AG was a crucial step in trust and operational efficiency in the oil and gas sector. The transition to a full-scale SPA reflects the confidence and trust built between our organisations and positions ATPC as a reliable supplier capable of meeting high-volume fuel demands with consistency and quality assurance.”
Jeff Hattara, CEO of Swiss One Oil and Gas said,
“I would like to express my gratitude to Mr. Steven Huffman, President and Director of Swiss One Oil & Gas Asia Pacific Operations as well as Mr. Magedaragamage, advisor to Swiss One Oil & Gas for their efforts and assistance in Agape venture. Both Mr. Huffman and Mr. Magedaragamage will be onsite to work alongside Agape with the logistics and future operations.”
With this strategic partnership, ATPC reinforces its commitment to enhancing its energy trading portfolio, expanding its market reach, and securing sustainable business growth.
This move is expected to contribute significantly to ATPC’s revenue streams while aligning with its long-term vision of creating a diversified and future-ready business model.
For more information, visit www.agapeatpgroup.com.
