Essar’s EET Fuels secures $350 million fresh funding

Jan 14, 2025 - 19:00
Essar’s EET Fuels secures $350 million fresh funding

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EET Fuels, operating as Essar Oil (UK), secures $350 million in new bank and upsized trade credit financing, including $150 million from Afreximbank. This fund aims to reduce carbon emissions by 95% and develop Stanlow as an energy transition hub, focusing on industrial carbon capture and low carbon hydrogen production.

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