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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.
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EET Fuels asegura un financiamiento de $650 millones para refinerías de procesos con bajo contenido de carbono, apuntando a una reducción de emisiones del 95% para 2030.