EET Fuels, under the ownership of the Mumbai-based Ruias, has successfully raised $650 million financing during the current quarter to support its decarbonisation strategy. This financing, which includes agreements with ABN AMRO Bank, HCOB, UMTB, and an international oil company, is a testament to the market's confidence in EET Fuels' approach. The company's focus on reducing emissions by 95% by the end of the decade through industrial carbon capture and the use of blue hydrogen has been highlighted as a key element of its strategy. EET Fuels is working towards becoming the first low carbon process refinery, setting a global benchmark for industrial decarbonisation. The financing will also support the establishment of a major UK energy transition hub at Stanlow, marking significant progress in the company's energy transition objectives. The company's CFO, Satish Vasooja, expressed confidence in the decarbonisation strategy, emphasizing the backing of major financing partners as a crucial factor in driving business development and investments. Tarun Naruka, the head of corporate and structured finance at EET Fuels, highlighted that the new financing facilities will enhance the company's balance sheet and provide flexibility in financing arrangements. The partnerships with major European banks and trading partners further strengthen EET Fuels' position, allowing for the development of customer offerings, expansion of relationships, and growth in sales volumes. Overall, the new financing not only bolsters EET Fuels' financial foundation but also paves the way for continued operational improvements and strategic advancements in the field of energy transition and decarbonisation.