Latest news with #CBL
Forbes
4 days ago
- Business
- Forbes
Red Mesa Aims To Rethink Hemp-Derived Cannabinoid Refining Methods
While traditional methods for refining and isolating hemp-derived cannabinoids typically involve a chemical catalyst, a new method has emerged in recent months. Hemp laws are constantly in a state of flux as some state regulators seek to restrict the use of conversion reactions, but this system introduces a novel solution. Utah-based Red Mesa Science & Refining unveiled its botanical refinement system, allowing cannabinoids to retain their natural complexity and integrity. How's this possible? The company's novel method works by extracting and distilling cannabinoids from American-grown hemp and introducing the material to an industrial-scale liquid centrifugal partition chromatography system. This allows them to precisely isolate the target cannabinoid. Red Mesa is a large-scale producer of hemp-derived CBD, CBG, CBN, CBT, and other cannabinoid isolates and distillate. The team operates a 50,000-square-foot facility in St. George, Utah with various homogenization, distillation, crystallization, liquid chromatography, and conversion processes. Crude materials go from extractors to refiners, and finally to wholesale customers, typically connected via third parties. While the company employs traditional hemp refinement methods, Red Mesa's new proprietary manufacturing process isolates rare cannabinoids such as CBN, CBT, and CBL—without chemically catalyzed conversions. 'Unique to Red Mesa is the installation of the world's largest centrifugal partition chromatography (CPC) equipment system,' Red Mesa President Jeff Applegate says in a video call, explaining the system they purchased from RotaChrom Technologies. 'It was a leap of faith in future technology to be applied to the refining of cannabinoids. It's a massive undertaking from a technology standpoint to get the system and the methods for processing underway, and to truly utilize all of the cannabinoids that come from the plant.' It's a liquid separation method that doesn't rely on chemical catalysts or solid medium— fundamentally different from flash chromatography or column chromatography methods. 'This technique uses two immiscible liquid phases and a centrifugal force to isolate cannabinoids based on their solubility difference," he says. "It's highly selective, gentle, undelicate compound, and avoids contamination risk associated with those traditional methods of separation. The CPC allows us to refine rare cannabinoids like botanical CBN, CBL, and CBT and get exactly what we want. The perfect fraction is today a reality." He explained that in the hemp business, you have two main cannabinoids: CBD and CBG. But there is additionally a host of minor cannabinoids. Red Mesa processes crude hemp oil, removing unwanted ingredients via the homogenization process before several more steps. Applegate formerly served as Chief Operating Officer of a medical rehabilitation product manufacturer, with extensive experience in sales management, manufacturing, and product development in an FDA-regulated industry. Under his leadership, Red Mesa has become a leader in the cannabinoid space, specializing in CBD, CBG, and CBN isolates, distillates, crystal-resistant distillates, and botanically-derived rare cannabinoids. The company sells raw cannabinoid material to product formulators, contract manufacturers, and white labelers. In regards to where the markets the company's ingredients end up, the hemp nutraceutical and wellness sector is number one. 'There's probably not another state with more nutraceutical and wellness horsepower than Utah," he says. "Hemp is a market that's increasingly looking for more credible producers at scale with the certifications and registrations that Red Mesa holds. And then there's also the vape industry. In the there's a growing appetite for non-psychoactive options outside of nicotine or THC." There's a increasing demand for cannabinoid isolates with greater purity levels. For instance, importing CBD to be sold in Japan is legal, but CBD products must contain less than 10 ppm THC—0.001%—which is the strictest zero tolerance CBD rule yet. In addition, certain athletes must comply with strict anti-doping rules when taking CBD, such as Olympians. The company's CBD isolates, for instance, contain ≥99% CBD purity or greater and THC-free. Every raw ingredient sold by Red Mesa is produced in-house and traceable, with third-party lab COAs verifying cannabinoid potency, under full compliance. State to state, hemp laws are constantly changing, often when it involves typical conversion methods. In Montana for instance, the state's regulatory agency now bans the use of a converted CBN as an input material to make finished CBN good products, and Applegate explained that solutions like theirs may become fundamental to the continuation of many businesses that sell those products, allowing them to circumvent those rules. Hemp in Utah is regulated under both federal and state agencies, primarily the The United States Department of Agriculture (USDA) and the Utah Department of Agriculture and Food (UDAF). All cannabinoid products marketed or sold in Utah are required to register with the UDAF. Hemp-derived cannabinoid product sales reached $28 billion in 2022 while legal cannabis products generated $26 billion in sales during that same period, according to Whitney Economics. Red Mesa brings in about 6,000 kilograms of crude feedstock inputs per month, and the company aims for about 12,000 kilograms of feedstock input by the middle of 2026. The company's large-scale B2B business model showcases the true power of the hemp industry, and where cannabinoid refinement methods are headed in the future.
Yahoo
26-05-2025
- Business
- Yahoo
CBL International Limited Announces Name Change of Singapore Subsidiary to Support Regional Growth Strategy
Kuala Lumpur, Malaysia, May 26, 2025 (GLOBE NEWSWIRE) -- CBL International Limited (NASDAQ: BANL) ('CBL' or the 'Company'), the listing vehicle of Banle Group ('Banle' or the 'Group'), a leading marine fuel logistics company in the Asia-Pacific region, today announced the official renaming of its Singapore-based wholly owned subsidiary, Majestic Energy (Singapore) Pte Ltd, to support its regional growth strategy. Effective immediately, Majestic Energy (Singapore) Pte Ltd has been officially renamed to Banle International (Singapore) Pte Ltd, reflecting the Group's deepening commitment to the Singapore market and its strategic expansion into sustainable fuels. Singapore remains the world's largest bunkering hub, with annual sales close to 55 million metric tons in 2024, increased by 6% year-over-year as compared to 2023, according to Maritime & Port Authority of Singapore ('MPA') statistics. While conventional fuels still dominate the market, demand for sustainable fuels such as biofuels, LNG, and methanol continues to rise steadily. Notably, biofuel sales in the first four months of 2025 in Singapore have already surpassed 50% of the total volume recorded in 2024, according to MPA statistics. As the primary fuel bunkering hub in the Asia-Pacific region, Singapore serves as a strategic base for CBL's regional expansion. CBL's revenue in Singapore increased by 102% year-over-year in 2024 as compared to 2023. In March 2025, the Company launched its first biofuel supply services in Singapore — a key regional port — as part of its broader initiative to offer sustainable fuel alternatives across the region, followed by biofuel supply in Malaysia, Hong Kong and various ports in China. CBL's biofuel sales volumes and sales surged over 600% year-over-year in 2024, supported by strengthened supplier relationships and reliable supply chains. These efforts help customers meet IMO GHG targets while offering sustainable, cost-effective alternatives. 'Singapore plays a pivotal role in our long-term growth strategy,' said Dr. Teck Lim Chia, Chairman and CEO of CBL. 'The renaming of our subsidiary underscores our strengthened presence in this critical market and reinforces our commitment to supporting the global maritime industry's transition toward greener energy solutions.' Despite the increasing competition in Singapore's bunkering sector, CBL continues to differentiate itself through its agile operations and customer-centric approach. The Company prides itself on its ability to adapt and tailor solutions to meet the specific needs of clients and suppliers, enabling it to capture new opportunities in both traditional and emerging fuel segments. Christofel Tian, our Head of Singapore, added "With our rebranding to Banle International (Singapore) Pte Ltd, we are not only aligning ourselves more closely with the Group's identity but also signaling our long-term commitment to the Singapore market. As the global bunkering landscape evolves, especially with the rapid adoption of sustainable fuels, we are well-positioned to grow alongside Singapore's vision of becoming a leader in sustainable maritime solutions." With its robust regulatory environment, mature infrastructure, and strong government support, Singapore is well-positioned to maintain its leadership in the global bunkering market — and CBL is committed to growing alongside it. About the Banle Group CBL International Limited (Nasdaq: BANL) is the listing vehicle of Banle Group, a reputable marine fuel logistic company based in the Asia Pacific region that was established in 2015. We are committed to providing customers with one-stop solution for vessel refueling, which is referred to as bunkering facilitator in the bunkering industry. We facilitate vessel refueling mainly through local physical suppliers in over 60 major ports covering Belgium, China, Hong Kong, India, Japan, Korea, Malaysia, Mauritius, Panama, the Philippines, Singapore, Taiwan, Thailand, Turkey and Vietnam, as of 16 April 2025. The Group actively promotes the use of sustainable fuels and is awarded with the ISCC EU and ISCC Plus certifications. For more information about our company, please visit our website at: Forward-Looking Statements Certain statements in this announcement are not historical facts but are forward-looking statements. Forward-looking statements generally are accompanied by words such as 'believe,' 'may,' 'could,' 'will,' 'estimate,' 'continue,' 'anticipate,' 'intend,' 'expect,' 'plan,' 'should,' 'would,' 'plan,' 'future,' 'outlook,' 'potential,' 'project' and similar expressions that predict or indicate future events or trends or that are not statements of historical matters, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements include, but are not limited to, statements regarding estimates and forecasts of other performance metrics and projections of market opportunity. They involve known and unknown risks and uncertainties and are based on various assumptions, whether or not identified in this press release and on current expectations of the Company's management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of the Company. Some important factors that could cause actual results to differ materially from those in any forward-looking statements could include changes in domestic and foreign business, markets, financial, political and legal conditions, geopolitical disruptions and other events that result in material changes in fuel prices. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and other filings with the SEC. CBL INTERNATIONAL LIMITED(Incorporated in Cayman Islands with limited liabilities) For more information, please contact:CBL International LimitedEmail: investors@ Strategic Financial Relations LimitedShelly Cheng Tel: (852) 2864 4857Iris Au Yeung Tel: (852) 2114 4913Email: sprg_cbl@ Sign in to access your portfolio
Libya Observer
20-05-2025
- Business
- Libya Observer
CBL announces new date for electronic payment forum in Tripoli
The Central Bank of Libya (CBL) has announced that the Electronic Payment Forum and Exhibition — the largest banking event in Libya — will now take place from June 15 to 17, 2025, at the Tripoli International Fairgrounds. The event was originally scheduled for May 20 but was postponed due to recent security incidents in the capital. The Central Bank stressed that this forum is the first of its kind in terms of scale and specialization in the field of electronic payments in Libya. It aims to showcase the latest solutions and technologies in digital payments and to explore prospects for digital transformation in the financial and banking sector. The forum will support the country's financial inclusion strategy and contribute to developing digital infrastructure for financial services. The event is expected to attract wide participation from commercial banks, technology companies, government institutions, and local and international experts and specialists, positioning it as a leading platform for exchanging expertise and presenting digital transformation initiatives and projects within the financial sector. The Central Bank added that organizing this forum is part of its efforts to promote financial innovation, implement modern payment systems, and is being held under its direct supervision and in cooperation with the General Authority for Exhibitions and Conferences. Tags: Central bank of Libya Electronic Payment Forum and Exhibition
Libya Observer
10-05-2025
- Business
- Libya Observer
Libya weighs salary tax and fuel subsidy cuts in economic reform push
The Central Bank of Libya (CBL) has expanded talks with the House of Representatives' finance committee, with participation from the Government of National Unity and the rival eastern authority, as part of efforts to activate a stalled economic reform agenda, sources at the CBL told Al-Araby Al-Jadeed. The draft plan under discussion includes imposing a new tax on high public-sector salaries, partially or fully lifting fuel subsidies, and implementing sweeping austerity measures. These would include downsizing Libya's diplomatic missions abroad and suspending ongoing development projects to curb public spending. Economist Ezzedine Ashour described the reform package as largely superficial, warning it avoids core structural issues such as entrenched corruption, weak governance, and heavy dependence on oil revenues. Ashour cited the Central Bank's 2021 attempt to devalue the Libyan dinar, which was meant to stabilize public finances but faltered amid institutional instability and rising government expenditure. 'It didn't ease the liquidity crisis or improve purchasing power,' he said, noting that the move instead triggered higher import prices and fueled inflation. Tags: CBL
Libya Observer
06-05-2025
- Business
- Libya Observer
CBL holds E-Payment Forum in Tripoli
The Central Bank of Libya (CBL) will hold the first edition of the Electronic Payment Forum and Exhibition in Libya from May 20 to 22 in the capital, Tripoli. In a statement issued on Saturday, the CBL announced that the forum will take place at the Tripoli International Fairgrounds in cooperation with the General Authority for Exhibitions and Conferences, under the auspices of Central Bank Governor Naji Issa. The forum aims to promote financial inclusion in Libya by encouraging the expansion of electronic payment services and strengthening financial transaction controls in line with anti-money laundering and counter-terrorism financing standards. Economy Tagged: Central bank of Libya
