EET Fuels, a trading name of Essar Oil (UK) Ltd, has successfully attracted new financing facilities to support its decarbonisation strategy and market positioning. The company is set to lead the energy transition by achieving a 95% reduction in carbon emissions by 2030 and transforming Stanlow into an energy transition hub. This transformation includes plans for industrial carbon capture, low carbon hydrogen production, and the development of Europe's first hydrogen-fueled combined heat and power plant. Through a US$350m re-financing agreement, including a US$150m facility with Afreximbank and an upsizing of existing trade credit financing, EET Fuels strengthens its balance sheet with stable medium-term financing, reinforcing market confidence in its energy transition strategy. The company's Chief Financial Officer highlighted the importance of these new facilities in supporting their ongoing transformation and establishing new financial relationships. EET Fuels is committed to becoming the UK's first low-carbon refinery, investing heavily to achieve a 95% cut in emissions by 2030 through energy efficiency, carbon capture, and fuel switching. This investment is expected to significantly reduce regional carbon emissions and support the sustainability of the UK's industrial decarbonisation cluster. Overall, EET Fuels' progress in securing financing and advancing its decarbonisation goals reflects a positive sentiment towards hydrogen and sustainable energy practices.