EET Fuels secures $650M financing for low-carbon process refinery, targeting 95% emission reduction by 2030.

EET Fuels, which owns the Stanlow refinery in the UK, has obtained $650 million in financing this quarter to support its goal of becoming the first low-carbon process refinery. The funds include a $150 million receivable facility, a $200 million extended financing agreement, and $300 million in trade credit. The company aims to reduce emissions by 95% by 2030, focusing on industrial carbon capture and blue hydrogen in its decarbonization efforts.

October 03, 2024
25 Articles

Further Reading