The UK petroleum giant is scaling back plans to develop new sustainable aviation fuel (SAF) and renewable diesel production projects in Europe and the U.S.
SMBC AVIATION CAPITAL finalized 5-year, $1.5b global syndicated finance facility, which includes $375m term loan and a $1.125b revolving credit facility, with 29 lenders, of which 13, representing 40% of funding, are new to the company.