Japan lender leads $600m credit line to help Malaysia's Petronas cut CO2

What happened: The Japan Bank for International Cooperation agreed to lead a syndicated credit line of up to $600 million for Malaysian state energy company Petronas to support projects that reduce carbon dioxide emissions. Key numbers: Credit line of up to $600 million. Why it matters: Petronas will be able to tap Japanese funding for projects to store and reduce carbon dioxide emissions, and JBIC builds ties with a vital nation for Japanese energy supply.

The Japan Bank for International Cooperation agreed to lead a syndicated credit line of up to $600 million for Malaysian state energy company Petronas to support projects that reduce carbon dioxide emissions.

Petronas will be able to tap Japanese funding for projects to store and reduce carbon dioxide emissions, and JBIC builds ties with a vital nation for Japanese energy supply.