Orsted takes FID for Western Trail project in Texas; UniCredit sues Hin Leong, Glencore over 'sham' oil deal; SIA debuts digital trade finance platform

In today's daily round-up of export, trade and commodity finance news, TXF's Max Thompson covers the latest stories and trends across the market:

• Orsted has made the final investment decision on its 367MW Western Trail Wind project which is now expected to reach commercial operation in 2021

• Italy's UniCredit has sued Hin Leong Trading over a letter of credit, court documents show, one of several the Singapore oil trader sought from lenders for oil purchases but used to pay debt instead

• European payments firm SIA has launched a new platform that allows banks to fully digitize trade finance processes, making it easier and faster for corporates and SMEs operating in markets around the world to manage documentary credit dossiers

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