EET (Essar Energy Transition) Fuels, the owner of the Stanlow refinery in the UK, has announced the successful securing of $650 million in receivable financing and trade credit financing facilities. This achievement reflects the market's confidence in the company's decarbonisation strategy. EET Fuels is on track to become the first low-carbon process refinery globally by drastically reducing emissions by 95% before the end of this decade. Central to their approach is the utilization of blue hydrogen and industrial carbon capture technologies. The new financing facilities, including a receivable facility with ABN AMRO Bank, extensions with HCOB and UMTB, and a trade credit financing with an international oil company, are instrumental in supporting EET Fuels' decarbonisation efforts. These funds will also aid in the development of a significant UK energy transition hub at Stanlow, enhancing the company's operational capabilities. The establishment of these financial partnerships with major European banks and key trading allies not only strengthens EET Fuels' financial position but also enables the expansion of customer offerings and sales volumes. Satish Vasooja, the CFO, expressed satisfaction with the outcome, emphasizing the support from major financing partners in advancing the decarbonisation agenda. Tarun Naruka, Head of Corporate and Structured Finance, highlighted the significance of the new facilities in fortifying the balance sheet and aligning with the company's core strategies of cost optimisation and performance improvement. This milestone signifies a crucial step towards sustainable industrial practices and signifies EET Fuels' commitment to leading the charge in decarbonisation within the energy sector.