KUALA LUMPUR: The Port of Tanjung Pelepas (PTP), a leading transshipment hub jointly owned by Malaysia’s MMC Group and Netherlands-based APM Terminals, has successfully completed the issuance of its first-ever green sukuk, reaffirming its long-term commitment to sustainable growth and responsible investment practices.
Valued at RM500 million, the sukuk is structured in two tranches with maturities of three and five years, respectively. According to PTP, the proceeds from the issuance will be used to fund the port’s ongoing capacity expansion and infrastructure enhancement projects, which are designed to strengthen its role as one of the region’s leading maritime gateways.
PTP chairman Tan Sri Che Khalib Mohamad Noh said the financing marks a significant milestone in the company’s efforts to align its development strategy with environmental, social, and governance (ESG) principles. He noted that the green sukuk will drive the next phase of PTP’s growth, allowing the terminal to efficiently accommodate increasing export, import, and transshipment volumes from its global clientele.
“This issuance supports our broader investment plan to raise PTP’s annual handling capacity to 15.9 million twenty-foot equivalent units (TEUs) in the coming years,” he said. “Our continued expansion not only ensures operational excellence and competitiveness but also reinforces Malaysia’s position as a key maritime gateway in the region.”
The green sukuk initiative reflects PTP’s commitment to integrating sustainability into its financial and operational frameworks. It also aligns with Malaysia’s broader push for green financing and supports the country’s transition toward a low-carbon economy.