Agape ATP Corporation (NASDAQ: ATPC), through its subsidiary ATPC Green Energy Sdn. Bhd., has secured two major Sales and Purchase Agreements (SPAs) valued at approximately USD 24 billion with Swiss One Oil & Gas AG. This milestone deal marks a major step in ATPC’s expansion into the global energy market.
The agreements build upon an Initial Corporate Purchase Order (ICPO) signed in February 2025, which included a trial shipment of 100,000 metric tonnes of EN590 10PPM diesel and one million barrels of Jet Fuel A1. Following the successful completion of the trial, both companies have now committed to a structured long-term supply arrangement.
Details of the Agreement
Under the terms of the SPAs, ATPC Green Energy will supply:
- 200,000 metric tonnes of EN590 10PPM diesel
- 2 million barrels of Jet Fuel A1
for an initial trial shipment, scheduled to begin in March 2025.
If the trial phase proceeds smoothly, the agreement will move into full-scale operations, involving weekly deliveries of:
- 500,000 metric tonnes of EN590 10PPM diesel
- 2 million barrels of Jet Fuel A1
All deliveries will follow Free on Board (FOB) terms at major international ports, ensuring compliance with international logistics and trade practices. Fuel quality will be independently verified by SGS or equivalent authorities, ensuring adherence to ASTM/IP international standards.
Leadership Perspectives
Prof. Dato’ Sri Dr. How Kok Choong, Founder and Global Group CEO of ATPC, emphasized the significance of the deal:
“Our initial ICPO with Swiss One Oil & Gas AG was key in establishing operational trust. This full-scale SPA confirms that trust and highlights ATPC’s capacity to meet high-volume fuel demand with reliability and quality.”
Swiss One CEO Jeff Hattara also acknowledged the support from regional leadership:
“I want to thank Mr. Steven Huffman, President and Director of Swiss One Asia Pacific, and Mr. Magedaragamage, our advisor, for their crucial roles. They’ll be working on-site with Agape to support logistics and operations.”
A Strategic Leap for ATPC
This deal marks a pivotal move in ATPC’s strategy to diversify its business and boost its global energy trading presence. The partnership is expected to drive significant revenue growth and reinforces ATPC’s commitment to building a future-ready, sustainable energy portfolio.
With its expanded capabilities and new global partnerships, ATPC is well-positioned to play a more prominent role in the international oil and gas sector.