EET Fuels secures $350M, totaling $1B, to transform UK's Stanlow refinery into a low-carbon hub.

EET Fuels, which owns the Stanlow refinery in the UK, secured $350 million in financing, bringing total funds to $1 billion. The company plans to transform Stanlow into a low-carbon hub, aiming for a 95% reduction in emissions. The financing includes a $150 million facility with the African Export-Import Bank and an increased trade credit facility. This supports EET Fuels' goals for carbon capture and hydrogen production.

2 months ago
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