Cathay United Bank (CUB) Singapore Branch has signed a green trade loan deal with Apeiron Bioenergy to support the procurement of used cooking oil for the production of sustainable aviation fuel (SAF).
The leading company in Singapore’s sustainable energy sector is currently developing various biofuel solutions and has supplied over 600 million litres of used oil for renewable fuel production since 2017.
As the first bank in Taiwan to sign the Equator Principles, CUB’s total balance of sustainable loans to domestic and international customers stood at $1.99 billion as of the end of 2023. ‘Maximising the full extent of its core financial capabilities and influence, CUB has developed comprehensive climate finance solutions that offer customers green sustainable loans and support in building sustainable supply chains,’ notes CUB.
The green loan signed with Apeiron was structured according to the Green Loan principles published by the Asia Pacific Loan Market Association, Loan Market Association, and Loan Syndications and Trading Association; and the company’s Green Financing Framework endorsed by Morningstar Sustainalytics.
Cathay United Bank signs first green trade loan with Apeiron
