EET Fuels, operating under the umbrella of Essar Oil (UK) Ltd, has successfully secured $350 million in financing facilities to drive forward its decarbonisation strategy and energy transition initiatives. This new funding includes a $150 million facility in partnership with the African Export-Import Bank (Afreximbank) and an expansion of a $300 million trade credit facility with an international oil company, totaling $500 million. Building upon a previous $650 million financing round, which incorporated various financial institutions, the strategic goal is to significantly reduce carbon emissions by 95% and convert the Stanlow refinery into an energy transition hub. This transition hub will feature industrial carbon capture capabilities, low carbon hydrogen production, and Europe's inaugural hydrogen-fueled combined heat and power plant. Satish Vasooja, the Chief Financial Officer of EET Fuels, expressed the company's commitment to leading the energy transition and becoming a pioneering low carbon refinery globally. The financing not only strengthens EET Fuels' ties with key trading partners but also opens up opportunities in African markets, positioning the company favorably to achieve its decarbonisation objectives. With a focus on sustainable practices and renewable energy, EET Fuels is set to make significant strides in reducing its environmental footprint and embracing a cleaner energy future.