AGAPE ATP Corporation (ATPC) has entered into two major sales and purchase agreements worth a total of $24 billion with Swiss One Oil & Gas AG. The agreements cover the supply of diesel and jet fuel.
As per the deal, ATPC’s subsidiary, ATPC Green Energy, will provide EN590 10PPM diesel and Jet Fuel A1 to Swiss One over a 12-month period, with options for extensions. The initial trial order includes 200,000 metric tons of EN590 10PPM diesel and 2 million barrels of Jet Fuel A1. This trial shipment, which began in March, will serve as a test run for the full-scale supply agreement, ATPC confirmed.
If the trial is successful, the deal will expand to include weekly deliveries of 500,000 metric tons of diesel and 2 million barrels of jet fuel to meet rising global demand. All shipments will follow free-on-board procedures at major international ports. The fuel will undergo quality inspections by SGS or other equivalent authorities to ensure it meets international standards, including ASTM/IP requirements.
The agreements build upon a previous corporate purchase order signed in February, which laid the groundwork for supplying refined fuels, including the same types of diesel and jet fuel.
ATPC’s founder and global group CEO, Dato’ Sri How Kok Choong, expressed confidence in the partnership, stating, “The transition from the initial purchase order to full-scale supply highlights the trust and operational efficiency we’ve built with Swiss One Oil & Gas. This agreement reflects our ability to meet high-volume fuel demands while maintaining consistent quality.”
Swiss One Oil & Gas CEO, Jeff Hattara, also praised the collaboration, thanking key team members for their efforts in advancing the project. “We are grateful for the support from Mr. Steven Huffman, President of Swiss One Oil & Gas Asia Pacific Operations, and Mr. Magedaragamage, consultant to Swiss One Oil & Gas, who have been instrumental in this venture.”
Through this strategic partnership, ATPC aims to strengthen its energy trading portfolio, expand its market reach, and achieve sustainable business growth. The company believes the deal will significantly contribute to its revenue streams and support its long-term goal of diversifying its operations into renewable energy.
ATPC, primarily involved in the health and wellness industry, is positioning itself for sustainable growth by expanding into energy sectors. The company offers energy-saving solutions that help businesses reduce consumption and achieve their sustainability objectives.