EET Fuels, the owner of the UK's Stanlow oil refinery, has announced securing USD 650 million in financing and trade credit financing facilities to support its decarbonisation plans. The company's strategy focuses on reducing emissions by 95% by the end of the decade, with industrial carbon capture and the use of blue hydrogen playing a significant role. These financing facilities, including funds from ABN AMRO Bank and an international oil company, aim to bolster EET Fuels' energy transition initiatives and create a major UK energy transition hub at Stanlow. The statement from EET Fuels highlights the market's confidence in the company's decarbonisation strategy. The undisclosed details such as coupon rate and tenure are part of the financing arrangements. The Chief Financial Officer, Satish Vasooja, expressed satisfaction with the backing from major financing partners, enabling the company to invest with confidence. Additionally, the Head of Corporate and Structured Finance, Tarun Naruka, emphasized that the new facilities strengthen the company's balance sheet, enhance financing flexibility, and align with the core strategy of cost optimization and performance improvement. Overall, the financing boost not only supports EET Fuels' decarbonisation goals but also expands its strategic partnerships, customer offerings, and sales volumes. The company's commitment to becoming a low carbon process refinery sets a global benchmark for industrial decarbonisation, positioning EET Fuels as a key player in the transition towards sustainable energy practices.