Sumitomo Mitsui says banks are keen to finance SAF projects

In Japan, Bloomberg reported that Japanese bank Sumitomo Mitsui Banking Corp. said that banks are keen to finance SAF projects. However, the bank noted that banks also face key risks including uncertainty over feedstock supplies and changing policy mandates around the green fuel. “We are very open” to SAF projects, Siddhartha Shrivastava, head of new energies in Asia at SMBC, said at the Argus Biofuels & Feedstocks Asia Conference in Singapore. According to the report, the Japanese bank is currently advising on debt raising for several SAF projects, including in Malaysia, Sweden and the US, and is in discussions on lending in Asia and Europe.

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