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Coverage Dossier - EET Fuels agrees USD$650 million financing facilities

EET Fuels has successfully secured financing facilities amounting to USD $650 million. This significant financial agreement is set to bolster EET Fuels' strategic initiatives, including expansion projects, sustainability efforts, and enhancing its market position in the energy sector. The financing will enable the company to invest in cleaner, more efficient fuel technologies and infrastructure, aligning with global trends toward sustainable energy. This development marks a major milestone for EET Fuels in driving growth and innovation within the energy industry.

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Coverage Dossier - EET Fuels agrees USD$650 million financing facilities

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  1. EET Fuels agrees USD$650 million financing facilities 4th October, 2024

  2. Print Coverage No. Publication Headline Date 1 The Economic Times EET Fuels Raises $650 m, Says Markets Confident of its Plans October 04, 2024 2 The Hindu Business Line EET Fuels secures $650 m in financing facilities October 04, 2024 3 Millennium Post EET Fuels secures $650 mn financing facilities October 04, 2024 4 The Free Press Journal EET Fuels secures $650 million financing facilities October 04, 2024 5 Free Press EET Fuels secures $650 million financing facilities October 04, 2024 6 The Hitavada EET Fuels secures $650 mn financing facilities October 04, 2024 7 The Goan EET Fuels secures $650 million financing facilities October 04, 2024

  3. Online Coverage No. Portal Headline Date 1. PTI EET Fuels secures $650 mn financing facilities October 03, 2024 2. UNI EET Fuels secures $650 million financing October 03, 2024 3. IANS EET Fuels agrees on $650 million financing facilities October 03, 2024 4. The Economic Times EET Fuels secures $650 million financial facilities October 03, 2024 5. ET Energyworld Essar Energy Transition Fuels agrees $650-mn financing facilities October 03, 2024 6. The Hindu Business Line EET Fuels secure $650 million in financing facilities October 03, 2024 7. The Indian Express EET Fuels secures $650 million financing facilities October 03, 2024 8. Millennium Post EET Fuels secures $650 mn financing facilities October 03, 2024 9. NDTV Profit EET Fuels Secures $650 Million For Decarbonisation Initiatives At Stanlow Refinery October 03, 2024 10. Outlook Business EET Fuels Secures $650 Million Financing Facilities October 03, 2024 11. Rediff EET Fuels Secures $650 Million for Decarbonization October 03, 2024 12. MSN Real Estate Stanlow refinery owner EET Fuels seals $650m funding deals October 03, 2024 13. Lokmat Times EET Fuels agrees on $650 million financing facilities October 03, 2024 14. New Kerala EET Fuels agrees on $650 million financing facilities October 03, 2024 15. Corporatenama EET Fuels agrees USD$650 million financing facilities October 04, 2024

  4. 16. Dailyhunt EET Fuels secures $650 mn financing facilities October 04, 2024 17. Investment Guru India EET Fuels agrees on $650 million financing facilities October 04, 2024 18. Investing India EET Fuels agrees on $650 million financing facilities October 04, 2024 19. Daijiworld EET Fuels agrees on $650 million financing facilities October 03, 2024 20. Sarkaritel EET Fuels agrees on $650 million financing facilities October 03, 2024 21. Deshsewak EET Fuels agrees on $650 million financing facilities October 03, 2024 22. The Freedom Press EET Fuels agrees on $650 million financing facilities October 03, 2024 23. Sakshi Post EET Fuels agrees on $650 million financing facilities October 03, 2024 24. Prokerala EET Fuels agrees on $650 million financing facilities October 03, 2024 25. Illustrated Daily News EET Fuels agrees on $650 million financing facilities October 03, 2024 26. News Point EET Fuels agrees on $650 million financing facilities October 03, 2024 27. Bhaskar Live EET Fuels agrees on $650 million financing facilities October 03, 2024 28. Gyanhigyan EET Fuels agrees on $650 million financing facilities October 03, 2024 29. NewsDrum EET Fuels secures $650 mn financing facilities October 03, 2024

  5. Publication : The Economic Times Edition : Mumbai Date : October 04, 2024 Page: 15

  6. Publication : The Hindu Business Line Edition : Bangalore, Chennai, Hyderabad, Kolkata, Mumbai, New Delhi Date : October 04, 2024 Page: 2

  7. Publication : Millennium Post Edition : Kolkata, New Delhi Date : October 04, 2024 Page: 10

  8. Publication : The Free Press Journal Edition : Mumbai Date : October 04, 2024 Page: 11

  9. Publication : Free Press Edition : Bhopal, Indore Date : October 04, 2024 Page: 11

  10. Publication : The Hitavada Edition : Bhopal, Jabalpur, Raipur Date : October 04, 2024 Page: 9

  11. Publication : The Goan Edition : Goa Date : October 04, 2024 Page: 11

  12. Headline : EET Fuels secures $650 mn financing facilities Domain : Press Trust of India Date : October 03, 2024 Journalist: https://www.ptinews.com/story/business/eet-fuels-secures-650-mn-financing- facilities/1871528 EET Fuels secures $650 mn financing facilities EET Fuels, owner of UK's Stanlow oil refinery, on Thursday said it has secured USD 650 million in financing and trade credit financing facilities for its decarbonisation plans. "This demonstrates market confidence in the company's decarbonisation strategy," the firm said in a statement. Essar Energy Transition (EET) Fuels is setting a new global benchmark for industrial decarbonisation, becoming the first low carbon process refinery as it will reduce emissions by 95 per cent by the close of the decade. Industrial carbon capture and use of blue hydrogen are at the heart of the company's strategy. The facilities secured to support this strategy include USD 150 million from ABN AMRO Bank, extension and upsizing HCOB and UMTB facility to USD 200 million for receivable financing, and a trade credit financing for USD 300 million with an international oil company. The firm did not reveal details such as coupon rate and tenure. "EET Fuels' continuing operational improvement and delivery of its energy transition strategy, including the creation of a major UK energy transition hub at Stanlow, is central to these new relationships," the statement said. The new facilities widen EET Fuels' strategic and financing partnerships, including with major European banks and established trading partners. This enables the company to also develop customer offerings, growing relationships and sales volumes. The new financing facilities further strengthen EET Fuels' balance sheet. Satish Vasooja, Chief Financial Officer at EET Fuels, said, "This is an excellent outcome for EET Fuels. Knowing our decarbonisation strategy has the backing of major financing partners, we can continue to develop and invest in our business with confidence." Tarun Naruka, Head of Corporate and Structured Finance at EET Fuels, said, "These new facilities strengthen our balance sheet, adding flexibility to our financing arrangements and demonstrate that major financing partners are aligned to our core strategy, including cost optimisation and continued performance improvement."

  13. Headline : EET Fuels secures $650 million financing Domain : UNI Date : October 03, 2024 Journalist: http://www.uniindia.com/news/business-economy/eet-fuels-financing/3296423.html Essar Energy Transition (EET) Fuels, the owner of Stanlow refinery in the UK, on Thursday said that it has secured US$ 650 million in receivable financing and trade credit financing facilities in the ongoing quarter. "This demonstrates market confidence in the company’s decarbonisation strategy," the company said in a media release. The company said that new financing facilities widen EET Fuels’ strategic and financing partnerships including with major European banks and established trading partners. Further, it said that the new financing facilities also strengthen EET Fuels’ balance sheet. EET Fuels hopes to become the first low carbon process refinery as it reduces emissions by 95% by the close of the decade. "Industrial carbon capture and use of blue hydrogen are at the heart of the company’s strategy," EET Fuels said. Commenting on new financing facilities, Satish Vasooja, Chief Financial Officer at EET Fuels said, “This is an excellent outcome for EET Fuels. Knowing our decarbonisation strategy has the backing of major financing partners, we can continue to develop and invest in our business with confidence.” Added Tarun Naruka, Head of Corporate and Structured Finance at EET Fuels, “These new facilities strengthen our balance sheet, adding flexibility to our financing arrangements and demonstrate that major financing partners are aligned to our core strategy, including cost optimisation and continued performance improvement.”

  14. Headline : EET Fuels agrees on $650 million financing facilities Domain : IANS Date : October 03, 2024 Journalist: EET (Essar Energy Transition) Fuels, owner of the Stanlow refinery in the UK, announced it has successfully agreed to $650 million in receivable financing and trade credit financing facilities in this quarter. This demonstrates market confidence in the Company’s decarbonisation strategy. EET Fuels is setting a new global benchmark for industrial decarbonisation, becoming the first low-carbon process refinery as it will reduce emissions by 95 per cent by the close of the decade. Industrial carbon capture and use of blue hydrogen are at the heart of the company’s strategy. The facilities secured to support this strategy include a new receivable facility with ABN AMRO Bank for $150 million, extending and upsizing HCOB and UMTB facility to $200 million for receivable financing; and a trade credit financing for $300 million with an international oil company. EET Fuels’ continuing operational improvement and delivery of its energy transition strategy, including the creation of a major UK energy transition hub at Stanlow, is central to these new relationships. The new facilities widen EET Fuels’ strategic and financing partnerships including with major European banks and established trading partners. This enables the Company to also develop customer offerings, growing relationships and sales volumes. The new financing facilities further strengthen EET Fuels’ balance sheet. Satish Vasooja, Chief Financial Officer at EET Fuels, said: "This is an excellent outcome for EET Fuels. Knowing our decarbonisation strategy has the backing of major financing partners, we can continue to develop and invest in our business with confidence." Tarun Naruka, Head of Corporate and Structured Finance at EET Fuels, said: "These new facilities strengthen our balance sheet, adding flexibility to our financing arrangements and demonstrate that major financing partners are aligned to our core strategy, including cost optimisation and continued performance improvement."

  15. Headline : EET Fuels secures $650 million financial facilities Domain : The Economic Times Date : October 03, 2024 Journalist: ET Bureau https://m.economictimes.com/industry/energy/power/eet-fuels-secures-650-million- financial-facilities/articleshow/113904134.cms EET (Essar Energy Transition) Fuels, owner of the Stanlow refinery in the UK, has raised $650 million in financing and trade credit, the company said on Thursday. The company raised $150 million from ABN AMRO Bank, $200 million from Hamburg Commercial Bank AG (HCOB) and Mizrahi Tefahot Bank Ltd (UMTB), and a trade credit financing for $300 million with an international oil company. "This demonstrates market confidence in the company’s decarbonization strategy. EET Fuels is setting a new global benchmark for industrial decarbonization, becoming the first low-carbon process refinery as it will reduce emissions by 95% by the close of the decade. Industrial carbon capture and use of blue hydrogen are at the heart of the Company’s strategy," the company said in a press statement, adding that EET Fuels’ continuing operational improvement and delivery of its energy transition strategy, including the creation of a major UK energy transition hub at Stanlow, is central to these new relationships. Satish Vasooja, Chief Financial Officer at EET Fuels, said, "Knowing our decarbonization strategy has the backing of major financing partners, we can continue to develop and invest in our business with confidence.” The new facilities widen EET Fuels’ strategic and financing partnerships including with major European banks and established trading partners. This enables the Company to also develop customer offerings, growing relationships, and sales volumes. The new financing facilities further strengthen EET Fuels’ balance sheet. Tarun Naruka, Head of Corporate and Structured Finance at EET Fuels said, "These new facilities strengthen our balance sheet, adding flexibility to our financing arrangements and demonstrating that major financing partners are aligned to our core strategy, including cost optimization and continued performance improvement.”

  16. Headline : Essar Energy Transition Fuels agrees $650-mn financing facilities Domain : ET Energyworld Date : October 03, 2024 Journalist: https://energy.economictimes.indiatimes.com/news/oil-and-gas/essar-energy-transition- fuels-agrees-650-mn-financing-facilities/113907341 Mumbai: Essar Energy Transition (EET) Fuels, owner of the Stanlow refinery, on Thursday said it has successfully agreed $650 million in receivable financing and trade credit financing facilities in this quarter. According to the official press release, the facilities secured to support this strategy include, a new receivable facility with ABN AMRO Bank for $150 million, extending and upsizing HCOB and UMTB facility to $200 million for receivable financing, and a trade credit financing for $300 million with an international oil company. It added that the new facilities will widen EET Fuels’ strategic and financing partnerships including with major European banks and established trading partners. This enables the company to also develop customer offerings, growing relationships and sales volumes. The new financing facilities further strengthen EET Fuels’ balance sheet. “This is an excellent outcome for EET Fuels. Knowing our decarbonisation strategy has the backing of major financing partners, we can continue to develop and invest in our business with confidence,” said Satish Vasooja, chief financial officer at EET Fuels. According to Tarun Naruka, head of corporate and structured finance at EET Fuels, these new facilities will strengthen the company’s balance sheet, adding flexibility to its financing arrangements. The release added that EET Fuels is setting a new global benchmark for industrial decarbonisation, becoming the first low carbon process refinery as it plans to reduce emissions by 95 per cent by the close of the decade.

  17. Headline : EET Fuels secure $650 million in financing facilities Domain : The Hindu Business Line Date : October 03, 2024 Journalist: BL New Delhi Bureau https://www.thehindubusinessline.com/companies/eet-fuels-secure-650-million-in- financing-facilities/article68712851.ece EET (Essar Energy Transition) Fuels, which owns the Stanlow refinery in the UK, said on Thursday that it has successfully secured $650 million in receivable financing and trade credit financing facilities in this quarter. This demonstrates market confidence in the company’s decarbonisation strategy. EET Fuels is setting a new global benchmark for industrial decarbonisation, becoming the first low carbon process refinery as it will reduce emissions by 95 per cent by the close of the decade. Industrial carbon capture and use of blue hydrogen are at the heart of the company’s strategy, EET Fuels said. The facilities secured to support this strategy include new receivable facility with ABN AMRO Bank for $150 million, extending and upsizing HCOB and UMTB facility to $200 million for receivable financing, and a trade credit financing for $300 million with an international oil company,” it added. Satish Vasooja, Chief Financial Officer at EET Fuels, said: “This is an excellent outcome for EET Fuels. Knowing our decarbonisation strategy has the backing of major financing partners, we can continue to develop and invest in our business with confidence.” EET Fuels’ continuing operational improvement and delivery of its energy transition strategy, including the creation of a major UK energy transition hub at Stanlow, is central to these new relationships. The new facilities widen EET Fuels’ strategic and financing partnerships including with major European banks and established trading partners. This enables the Company to also develop customer offerings, growing relationships and sales volumes. The new financing facilities further strengthen EET Fuels’ balance sheet.

  18. Headline : EET Fuels secure $650 million in financing facilities Domain : The Indian Express Date : October 03, 2024 Journalist: https://indianexpress.com/article/business/eet-fuels-financial-facilities-9601585/ EET Fuels secures $650 million financing facilities The firm known for its decarbonisation strategy aims to reduce emissions by 95% by the end of the decade. Essar Energy Transition Fuels (EET), a leading UK company in decarbonisation, has agreed $650 million in receivable financing and trade credit facilities in this quarter of the financial year, a press release said. The firm, known for its decarbonisation strategy, aims to reduce emissions by 95% by the end of the decade. The company’s key strategy include industrial carbon capture and use of blue hydrogen. For this, it has secured new receivable facility with ABN AMRO bank for $150 million, extending and upsizing HCOB and UMTB facility to $220 million for receivable financing, and a trade credit financing for $300 million with an international oil company. Satish Vasooja, Chief Financial Officer at EET Fuels, said, “This is an excellent outcome for EET Fuels. Knowing our decarbonisation strategy has the backing of major financing partners, we can continue to develop and invest in our business with confidence.” Tarun Naruka, Head of Corporate and Structured Finance at EET Fuels, said, “These new facilities strengthen our balance sheet, adding flexibility to our financing arrangements and demonstrate that major financing partners are aligned to our core strategy, including cost optimisation and continued performance improvement.”

  19. Headline : EET Fuels secures $650 mn financing facilities Domain : Millennium Post Date : October 03, 2024 Journalist: MPost https://www.millenniumpost.in/business/eet-fuels-secures-650-mn-financing-facilities- 581982 EET Fuels, owner of UK's Stanlow oil refinery, on Thursday said it has secured $650 million in financing and trade credit financing facilities for its decarbonisation plans. "This demonstrates market confidence in the company's decarbonisation strategy," the firm said in a statement. Essar Energy Transition (EET) Fuels is setting a new global benchmark for industrial decarbonisation, becoming the first low carbon process refinery as it will reduce emissions by 95 per cent by the close of the decade. Industrial carbon capture and use of blue hydrogen are at the heart of the company's strategy. The facilities secured to support this strategy include $150 million from ABN AMRO Bank, extension and upsizing HCOB and UMTB facility to $200 million for receivable financing, and a trade credit financing for $300 million with an international oil company. The firm did not reveal details such as coupon rate and tenure. "EET Fuels' continuing operational improvement and delivery of its energy transition strategy, including the creation of a major UK energy transition hub at Stanlow, is central to these new relationships," the statement said.

  20. Headline : EET Fuels Secures $650 Million For Decarbonisation Initiatives At Stanlow Refinery Domain : NDTV Profit Date : October 03, 2024 Journalist: PTI https://www.ndtvprofit.com/business/eet-fuels-secures-650-million-for-decarbonisation- initiatives-at-stanlow-refinery EET Fuels, owner of UK's Stanlow oil refinery, on Thursday said it has secured $650 million in financing and trade credit financing facilities for its decarbonisation plans. "This demonstrates market confidence in the company's decarbonisation strategy," the firm said in a statement. Essar Energy Transition Fuels is setting a new global benchmark for industrial decarbonisation, becoming the first low carbon process refinery as it will reduce emissions by 95% by the close of the decade. Industrial carbon capture and use of blue hydrogen are at the heart of the company's strategy. The facilities secured to support this strategy include $150 million from ABN AMRO Bank, extension and upsizing HCOB and UMTB facility to $200 million for receivable financing, and a trade credit financing for $ 300 million with an international oil company. The firm did not reveal details such as coupon rate and tenure. "EET Fuels' continuing operational improvement and delivery of its energy transition strategy, including the creation of a major UK energy transition hub at Stanlow, is central to these new relationships," the statement said. The new facilities widen EET Fuels' strategic and financing partnerships, including with major European banks and established trading partners. This enables the company to also develop customer offerings, growing relationships and sales volumes. The new financing facilities further strengthen EET Fuels' balance sheet. Satish Vasooja, Chief Financial Officer at EET Fuels, said, "This is an excellent outcome for EET Fuels. Knowing our decarbonisation strategy has the backing of major financing partners, we can continue to develop and invest in our business with confidence." Tarun Naruka, Head of Corporate and Structured Finance at EET Fuels, said, "These new facilities strengthen our balance sheet, adding flexibility to our financing arrangements and demonstrate that major financing partners are aligned to our core strategy, including cost optimisation and continued performance improvement."

  21. Headline : EET Fuels Secures $650 Million Financing Facilities Domain : Outlook Business Date : October 03, 2024 Journalist: PTI https://www.outlookbusiness.com/news/eet-fuels-secures-650-million-financing-facilities "This demonstrates market confidence in the company's decarbonisation strategy," the firm said in a statement. Essar Energy Transition (EET) Fuels is setting a new global benchmark for industrial decarbonisation, becoming the first low carbon process refinery as it will reduce emissions by 95 per cent by the close of the decade. Industrial carbon capture and use of blue hydrogen are at the heart of the company's strategy. The facilities secured to support this strategy include USD 150 million from ABN AMRO Bank, extension and upsizing HCOB and UMTB facility to USD 200 million for receivable financing, and a trade credit financing for USD 300 million with an international oil company. The firm did not reveal details such as coupon rate and tenure. "EET Fuels' continuing operational improvement and delivery of its energy transition strategy, including the creation of a major UK energy transition hub at Stanlow, is central to these new relationships," the statement said. The new facilities widen EET Fuels' strategic and financing partnerships, including with major European banks and established trading partners. This enables the company to also develop customer offerings, growing relationships and sales volumes. The new financing facilities further strengthen EET Fuels' balance sheet. Satish Vasooja, Chief Financial Officer at EET Fuels, said, "This is an excellent outcome for EET Fuels. Knowing our decarbonisation strategy has the backing of major financing partners, we can continue to develop and invest in our business with confidence." Tarun Naruka, Head of Corporate and Structured Finance at EET Fuels, said, "These new facilities strengthen our balance sheet, adding flexibility to our financing arrangements and demonstrate that major financing partners are aligned to our core strategy, including cost optimisation and continued performance improvement."

  22. Headline : EET Fuels Secures $650 Million for Decarbonization Domain : Rediff Date : October 03, 2024 Journalist: Rediff Money Desk https://money.rediff.com/news/market/eet-fuels-secures-650-million-for- decarbonization/16611920241003 EET Fuels, owner of UK's Stanlow oil refinery, secures $650 million in financing to support its decarbonization plans, including carbon capture and blue hydrogen use. EET Fuels, owner of UK's Stanlow oil refinery, on Thursday said it has secured USD 650 million in financing and trade credit financing facilities for its decarbonisation plans. "This demonstrates market confidence in the company's decarbonisation strategy," the firm said in a statement. Essar Energy Transition (EET) Fuels is setting a new global benchmark for industrial decarbonisation, becoming the first low carbon process refinery as it will reduce emissions by 95 per cent by the close of the decade. Industrial carbon capture and use of blue hydrogen are at the heart of the company's strategy. The facilities secured to support this strategy include USD 150 million from ABN AMRO Bank, extension and upsizing HCOB and UMTB facility to USD 200 million for receivable financing, and a trade credit financing for USD 300 million with an international oil company. The firm did not reveal details such as coupon rate and tenure. "EET Fuels' continuing operational improvement and delivery of its energy transition strategy, including the creation of a major UK energy transition hub at Stanlow, is central to these new relationships," the statement said. The new facilities widen EET Fuels' strategic and financing partnerships, including with major European banks and established trading partners. This enables the company to also develop customer offerings, growing relationships and sales volumes. The new financing facilities further strengthen EET Fuels' balance sheet. Satish Vasooja, Chief Financial Officer at EET Fuels, said, "This is an excellent outcome for EET Fuels. Knowing our decarbonisation strategy has the backing of major financing partners, we can continue to develop and invest in our business with confidence." Tarun Naruka, Head of Corporate and Structured Finance at EET Fuels, said, "These new facilities strengthen our balance sheet, adding flexibility to our financing arrangements and demonstrate that major financing partners are aligned to our core strategy, including cost optimisation and continued performance improvement.

  23. Headline : Stanlow refinery owner EET Fuels seals $650m funding deals Domain : MSN Real Estate Date : October 03, 2024 Journalist: https://www.msn.com/en-gb/money/other/stanlow-refinery-owner-eet-fuels-seals-650m- funding-deals-as-reports-suggest-hynet-cluster-could-get-billions-of-pounds-in-government- backing/ar-AA1rEsAg EET Fuels, owner of UK's Stanlow oil refinery, secures $650 million in financing to support its decarbonization plans, including carbon capture and blue hydrogen use. EET Fuels, owner of UK's Stanlow oil refinery, on Thursday said it has secured USD 650 million in financing and trade credit financing facilities for its decarbonisation plans. "This demonstrates market confidence in the company's decarbonisation strategy," the firm said in a statement. Essar Energy Transition (EET) Fuels is setting a new global benchmark for industrial decarbonisation, becoming the first low carbon process refinery as it will reduce emissions by 95 per cent by the close of the decade. Industrial carbon capture and use of blue hydrogen are at the heart of the company's strategy. The facilities secured to support this strategy include USD 150 million from ABN AMRO Bank, extension and upsizing HCOB and UMTB facility to USD 200 million for receivable financing, and a trade credit financing for USD 300 million with an international oil company. The firm did not reveal details such as coupon rate and tenure. "EET Fuels' continuing operational improvement and delivery of its energy transition strategy, including the creation of a major UK energy transition hub at Stanlow, is central to these new relationships," the statement said. The new facilities widen EET Fuels' strategic and financing partnerships, including with major European banks and established trading partners. This enables the company to also develop customer offerings, growing relationships and sales volumes. The new financing facilities further strengthen EET Fuels' balance sheet. Satish Vasooja, Chief Financial Officer at EET Fuels, said, "This is an excellent outcome for EET Fuels. Knowing our decarbonisation strategy has the backing of major financing partners, we can continue to develop and invest in our business with confidence." Tarun Naruka, Head of Corporate and Structured Finance at EET Fuels, said, "These new facilities strengthen our balance sheet, adding flexibility to our financing arrangements and demonstrate that major financing partners are aligned to our core strategy, including cost optimisation and continued performance improvement.

  24. Headline : EET Fuels agrees on $650 million financing facilities Domain : Lokmat Times Date : October 03, 2024 Journalist: IANS https://www.lokmattimes.com/business/eet-fuels-agrees-on-650-million-financing-facilities/ EET (Essar Energy Transition) Fuels, owner of the Stanlow refinery in the UK, announced it has successfully agreed to $650 million in receivable financing and trade credit financing facilities in this quarter. This demonstrates market confidence in the Company’s decarbonisation strategy. EET Fuels is setting a new global benchmark for industrial decarbonisation, becoming the first low-carbon process refinery as it will reduce emissions by 95 per cent by the close of the decade. Industrial carbon capture and use of blue hydrogen are at the heart of the company’s strategy. The facilities secured to support this strategy include a new receivable facility with ABN AMRO Bank for $150 million, extending and upsizing HCOB and UMTB facility to $200 million for receivable financing; and a trade credit financing for $300 million with an international oil company. EET Fuels’ continuing operational improvement and delivery of its energy transition strategy, including the creation of a major UK energy transition hub at Stanlow, is central to these new relationships. The new facilities widen EET Fuels’ strategic and financing partnerships including with major European banks and established trading partners. This enables the Company to also develop customer offerings, growing relationships and sales volumes. The new financing facilities further strengthen EET Fuels’ balance sheet. Satish Vasooja, Chief Financial Officer at EET Fuels, said: "This is an excellent outcome for EET Fuels. Knowing our decarbonisation strategy has the backing of major financing partners, we can continue to develop and invest in our business with confidence." Tarun Naruka, Head of Corporate and Structured Finance at EET Fuels, said: "These new facilities strengthen our balance sheet, adding flexibility to our financing arrangements and demonstrate that major financing partners are aligned to our core strategy, including cost optimisation and continued performance improvement."

  25. Headline : EET Fuels agrees on $650 million financing facilities Domain : New Kerala Date : October 03, 2024 Journalist: https://www.newkerala.com/news/2024/62383.htm ET (Essar Energy Transition) Fuels, owner of the Stanlow refinery in the UK, announced it has successfully agreed to $650 million in receivable financing and trade credit financing facilities in this quarter. This demonstrates market confidence in the Company's decarbonisation strategy. EET Fuels is setting a new global benchmark for industrial decarbonisation, becoming the first low-carbon process refinery as it will reduce emissions by 95 per cent by the close of the decade. Industrial carbon capture and use of blue hydrogen are at the heart of the company's strategy. The facilities secured to support this strategy include a new receivable facility with ABN AMRO Bank for $150 million, extending and upsizing HCOB and UMTB facility to $200 million for receivable financing; and a trade credit financing for $300 million with an international oil company. EET Fuels' continuing operational improvement and delivery of its energy transition strategy, including the creation of a major UK energy transition hub at Stanlow, is central to these new relationships. The new facilities widen EET Fuels' strategic and financing partnerships including with major European banks and established trading partners. This enables the Company to also develop customer offerings, growing relationships and sales volumes. The new financing facilities further strengthen EET Fuels' balance sheet. Satish Vasooja, Chief Financial Officer at EET Fuels, said: "This is an excellent outcome for EET Fuels. Knowing our decarbonisation strategy has the backing of major financing partners, we can continue to develop and invest in our business with confidence." Tarun Naruka, Head of Corporate and Structured Finance at EET Fuels, said: "These new facilities strengthen our balance sheet, adding flexibility to our financing arrangements and demonstrate that major financing partners are aligned to our core strategy, including cost optimisation and continued performance improvement."

  26. Headline : EET Fuels agrees USD$650 million financing facilities Domain : Corporatenama Date : October 04, 2024 Journalist: https://corporatenama.blogspot.com/2024/10/eet-fuels-agrees-usd650-million.html · EET Fuels’ industry-leading decarbonisation plans secure market confidence in company · Capital financing and credit facilities totalling USD$650 million to support delivery of this leading business strategy secured with banks including ABN AMRO, HCOB and UMTB · Highlights market confidence in commitment to deliver performance today and to transform for tomorrow · Enables EET Fuels to optimise capital structure EET (Essar Energy Transition) Fuels, owner of the Stanlow refinery, is pleased to confirm it has successfully agreed USD$650 million in receivable financing and trade credit financing facilities in this quarter. This demonstrates market confidence in the Company’s decarbonisation strategy. EET Fuels is setting a new global benchmark for industrial decarbonisation, becoming the first low carbon process refinery as it will reduce emissions by 95% by the close of the decade. Industrial carbon capture and use of blue hydrogen are at the heart of the Company’s strategy. The facilities secured to support this strategy include:- - New receivable facility with ABN AMRO Bank for $150m, - Extending and upsizing HCOB and UMTB facility to $200m for receivable financing, and - A trade credit financing for $300m with an international oil company. EET Fuels’ continuing operational improvement and delivery of its energy transition strategy, including the creation of a major UK energy transition hub at Stanlow, is central to these new relationships. The new facilities widen EET Fuels’ strategic and financing partnerships including with major European banks and established trading partners. This enables the Company to also develop customer offerings, growing relationships and sales volumes. The new financing facilities further strengthen EET Fuels’ balance sheet. Satish Vasooja, Chief Financial Officer at EET Fuels, commented: “This is an excellent outcome for EET Fuels. Knowing our decarbonisation strategy has the backing of major financing partners, we can continue to develop and invest in our business with confidence.” Tarun Naruka, Head of Corporate and Structured Finance at EET Fuels, commented: “These new facilities strengthen our balance sheet, adding flexibility to our financing arrangements and demonstrate that major financing partners are aligned to our core strategy, including cost optimisation and continued performance improvement.”

  27. Headline : EET Fuels secures $650 mn financing facilities Domain : Daily hunt Date : October 04, 2024 Journalist: https://m.dailyhunt.in/news/india/english/millenniumpost-epaper- millpost/eet+fuels+secures+650+mn+financing+facilities-newsid-n633606674 EET Fuels, owner of UK's Stanlow oil refinery, on Thursday said it has secured $650 million in financing and trade credit financing facilities for its decarbonisation plans. "This demonstrates market confidence in the company's decarbonisation strategy," the firm said in a statement. Essar Energy Transition (EET) Fuels is setting a new global benchmark for industrial decarbonisation, becoming the first low carbon process refinery as it will reduce emissions by 95 per cent by the close of the decade. Industrial carbon capture and use of blue hydrogen are at the heart of the company's strategy. The facilities secured to support this strategy include $150 million from ABN AMRO Bank, extension and upsizing HCOB and UMTB facility to $200 million for receivable financing, and a trade credit financing for $300 million with an international oil company. The firm did not reveal details such as coupon rate and tenure. "EET Fuels' continuing operational improvement and delivery of its energy transition strategy, including the creation of a major UK energy transition hub at Stanlow, is central to these new relationships," the statement said.

  28. Headline : EET Fuels agrees on $650 million financing facilities Domain : Investment Guru India Date : October 04, 2024 Journalist: https://investmentguruindia.com/newsdetail/eet-fuels-agrees-on-650-million-financing- facilities913006 EET (Essar Energy Transition) Fuels, owner of the Stanlow refinery in the UK, announced it has successfully agreed to $650 million in receivable financing and trade credit financing facilities in this quarter. This demonstrates market confidence in the Company’s decarbonisation strategy. EET Fuels is setting a new global benchmark for industrial decarbonisation, becoming the first low-carbon process refinery as it will reduce emissions by 95 per cent by the close of the decade. Industrial carbon capture and use of blue hydrogen are at the heart of the company’s strategy. The facilities secured to support this strategy include a new receivable facility with ABN AMRO Bank for $150 million, extending and upsizing HCOB and UMTB facility to $200 million for receivable financing; and a trade credit financing for $300 million with an international oil company. EET Fuels’ continuing operational improvement and delivery of its energy transition strategy, including the creation of a major UK energy transition hub at Stanlow, is central to these new relationships. The new facilities widen EET Fuels’ strategic and financing partnerships including with major European banks and established trading partners. This enables the Company to also develop customer offerings, growing relationships and sales volumes. The new financing facilities further strengthen EET Fuels’ balance sheet. Satish Vasooja, Chief Financial Officer at EET Fuels, said: "This is an excellent outcome for EET Fuels. Knowing our decarbonisation strategy has the backing of major financing partners, we can continue to develop and invest in our business with confidence." Tarun Naruka, Head of Corporate and Structured Finance at EET Fuels, said: "These new facilities strengthen our balance sheet, adding flexibility to our financing arrangements and demonstrate that major financing partners are aligned to our core strategy, including cost optimisation and continued performance improvement."

  29. Headline : EET Fuels agrees on $650 million financing facilities Domain : Investing India Date : October 04, 2024 Journalist: https://in.investing.com/news/stock-market-news/eet-fuels-agrees-on-650-million- financing-facilities-4456240 EET (Essar Energy Transition) Fuels, owner of the Stanlow refinery in the UK, announced it has successfully agreed to $650 million in receivable financing and trade credit financing facilities in this quarter. This demonstrates market confidence in the Company’s decarbonisation strategy. EET Fuels is setting a new global benchmark for industrial decarbonisation, becoming the first low-carbon process refinery as it will reduce emissions by 95 per cent by the close of the decade. Industrial carbon capture and use of blue hydrogen are at the heart of the company’s strategy. The facilities secured to support this strategy include a new receivable facility with ABN AMRO (AS:ABNd) Bank for $150 million, extending and upsizing HCOB and UMTB facility to $200 million for receivable financing; and a trade credit financing for $300 million with an international oil company. EET Fuels’ continuing operational improvement and delivery of its energy transition strategy, including the creation of a major UK energy transition hub at Stanlow, is central to these new relationships. The new facilities widen EET Fuels’ strategic and financing partnerships including with major European banks and established trading partners. This enables the Company to also develop customer offerings, growing relationships and sales volumes. The new financing facilities further strengthen EET Fuels’ balance sheet. Satish Vasooja, Chief Financial Officer at EET Fuels, said: "This is an excellent outcome for EET Fuels. Knowing our decarbonisation strategy has the backing of major financing partners, we can continue to develop and invest in our business with confidence." Tarun Naruka, Head of Corporate and Structured Finance at EET Fuels, said: "These new facilities strengthen our balance sheet, adding flexibility to our financing arrangements and demonstrate that major financing partners are aligned to our core strategy, including cost optimisation and continued performance improvement."

  30. Headline : EET Fuels agrees on $650 million financing facilities Domain : Daiji World Date : October 03, 2024 Journalist: https://www.daijiworld.com/news/newsDisplay?newsID=1232275 EET (Essar Energy Transition) Fuels, owner of the Stanlow refinery in the UK, announced it has successfully agreed to $650 million in receivable financing and trade credit financing facilities in this quarter. This demonstrates market confidence in the Company’s decarbonisation strategy. EET Fuels is setting a new global benchmark for industrial decarbonisation, becoming the first low-carbon process refinery as it will reduce emissions by 95 per cent by the close of the decade. Industrial carbon capture and use of blue hydrogen are at the heart of the company’s strategy. The facilities secured to support this strategy include a new receivable facility with ABN AMRO Bank for $150 million, extending and upsizing HCOB and UMTB facility to $200 million for receivable financing; and a trade credit financing for $300 million with an international oil company. EET Fuels’ continuing operational improvement and delivery of its energy transition strategy, including the creation of a major UK energy transition hub at Stanlow, is central to these new relationships. The new facilities widen EET Fuels’ strategic and financing partnerships including with major European banks and established trading partners. This enables the Company to also develop customer offerings, growing relationships and sales volumes. The new financing facilities further strengthen EET Fuels’ balance sheet. Satish Vasooja, Chief Financial Officer at EET Fuels, said: "This is an excellent outcome for EET Fuels. Knowing our decarbonisation strategy has the backing of major financing partners, we can continue to develop and invest in our business with confidence." Tarun Naruka, Head of Corporate and Structured Finance at EET Fuels, said: "These new facilities strengthen our balance sheet, adding flexibility to our financing arrangements and demonstrate that major financing partners are aligned to our core strategy, including cost optimisation and continued performance improvement."

  31. Headline : EET Fuels agrees on $650 million financing facilities Domain : Sarkaritel Date : October 03, 2024 Journalist: New Desk https://www.sarkaritel.com/eet-fuels-agrees-on-650-million-financing-facilities/ EET (Essar Energy Transition) Fuels, owner of the Stanlow refinery in the UK, announced it has successfully agreed to $650 million in receivable financing and trade credit financing facilities in this quarter. This demonstrates market confidence in the Company’s decarbonisation strategy. EET Fuels is setting a new global benchmark for industrial decarbonisation, becoming the first low- carbon process refinery as it will reduce emissions by 95 per cent by the close of the decade. Industrial carbon capture and use of blue hydrogen are at the heart of the company’s strategy. The facilities secured to support this strategy include a new receivable facility with ABN AMRO Bank for $150 million, extending and upsizing HCOB and UMTB facility to $200 million for receivable financing; and a trade credit financing for $300 million with an international oil company. EET Fuels’ continuing operational improvement and delivery of its energy transition strategy, including the creation of a major UK energy transition hub at Stanlow, is central to these new relationships. The new facilities widen EET Fuels’ strategic and financing partnerships including with major European banks and established trading partners. This enables the Company to also develop customer offerings, growing relationships and sales volumes. The new financing facilities further strengthen EET Fuels’ balance sheet. Satish Vasooja, Chief Financial Officer at EET Fuels, said: “This is an excellent outcome for EET Fuels. Knowing our decarbonisation strategy has the backing of major financing partners, we can continue to develop and invest in our business with confidence.” Tarun Naruka, Head of Corporate and Structured Finance at EET Fuels, said: “These new facilities strengthen our balance sheet, adding flexibility to our financing arrangements and demonstrate that major financing partners are aligned to our core strategy, including cost optimisation and continued performance improvement.”

  32. Headline : EET Fuels agrees on $650 million financing facilities Domain : Desh Sewak Date : October 03, 2024 Journalist: https://www.deshsewak.org/english/news/174816 EET (Essar Energy Transition) Fuels, owner of the Stanlow refinery in the UK, announced it has successfully agreed to $650 million in receivable financing and trade credit financing facilities in this quarter. This demonstrates market confidence in the Company’s decarbonisation strategy. EET Fuels is setting a new global benchmark for industrial decarbonisation, becoming the first low-carbon process refinery as it will reduce emissions by 95 per cent by the close of the decade. Industrial carbon capture and use of blue hydrogen are at the heart of the company’s strategy. The facilities secured to support this strategy include a new receivable facility with ABN AMRO Bank for $150 million, extending and upsizing HCOB and UMTB facility to $200 million for receivable financing; and a trade credit financing for $300 million with an international oil company. EET Fuels’ continuing operational improvement and delivery of its energy transition strategy, including the creation of a major UK energy transition hub at Stanlow, is central to these new relationships. The new facilities widen EET Fuels’ strategic and financing partnerships including with major European banks and established trading partners. This enables the Company to also develop customer offerings, growing relationships and sales volumes. The new financing facilities further strengthen EET Fuels’ balance sheet. Satish Vasooja, Chief Financial Officer at EET Fuels, said: "This is an excellent outcome for EET Fuels. Knowing our decarbonisation strategy has the backing of major financing partners, we can continue to develop and invest in our business with confidence." Tarun Naruka, Head of Corporate and Structured Finance at EET Fuels, said: "These new facilities strengthen our balance sheet, adding flexibility to our financing arrangements and demonstrate that major financing partners are aligned to our core strategy, including cost optimisation and continued performance improvement."

  33. Headline : EET Fuels agrees on $650 million financing facilities Domain : The Freedom Press Date : October 03, 2024 Journalist: TheFreedomPress https://thefreedompress.in/index.php/2024/10/03/eet-fuels-agrees-on-650-million- financing-facilities/ EET (Essar Energy Transition) Fuels, owner of the Stanlow refinery in the UK, announced it has successfully agreed to $650 million in receivable financing and trade credit financing facilities in this quarter. This demonstrates market confidence in the Company’s decarbonisation strategy. EET Fuels is setting a new global benchmark for industrial decarbonisation, becoming the first low-carbon process refinery as it will reduce emissions by 95 per cent by the close of the decade. Industrial carbon capture and use of blue hydrogen are at the heart of the company’s strategy. The facilities secured to support this strategy include a new receivable facility with ABN AMRO Bank for $150 million, extending and upsizing HCOB and UMTB facility to $200 million for receivable financing; and a trade credit financing for $300 million with an international oil company. EET Fuels’ continuing operational improvement and delivery of its energy transition strategy, including the creation of a major UK energy transition hub at Stanlow, is central to these new relationships. The new facilities widen EET Fuels’ strategic and financing partnerships including with major European banks and established trading partners. This enables the Company to also develop customer offerings, growing relationships and sales volumes. The new financing facilities further strengthen EET Fuels’ balance sheet. Satish Vasooja, Chief Financial Officer at EET Fuels, said: “This is an excellent outcome for EET Fuels. Knowing our decarbonisation strategy has the backing of major financing partners, we can continue to develop and invest in our business with confidence.” Tarun Naruka, Head of Corporate and Structured Finance at EET Fuels, said: “These new facilities strengthen our balance sheet, adding flexibility to our financing arrangements and demonstrate that major financing partners are aligned to our core strategy, including cost optimisation and continued performance improvement.”

  34. Headline : EET Fuels agrees on $650 million financing facilities Domain : Sakshi Post Date : October 03, 2024 Journalist: https://www.sakshipost.com/news/eet-fuels-agrees-650-million-financing-facilities-338011 Stanlow (UK), Oct 3 (IANS) EET (Essar Energy Transition) Fuels, owner of the Stanlow refinery in the UK, announced it has successfully agreed to $650 million in receivable financing and trade credit financing facilities in this quarter. This demonstrates market confidence in the Company’s decarbonisation strategy. EET Fuels is setting a new global benchmark for industrial decarbonisation, becoming the first low-carbon process refinery as it will reduce emissions by 95 per cent by the close of the decade. Industrial carbon capture and use of blue hydrogen are at the heart of the company’s strategy. The facilities secured to support this strategy include a new receivable facility with ABN AMRO Bank for $150 million, extending and upsizing HCOB and UMTB facility to $200 million for receivable financing; and a trade credit financing for $300 million with an international oil company. EET Fuels’ continuing operational improvement and delivery of its energy transition strategy, including the creation of a major UK energy transition hub at Stanlow, is central to these new relationships. The new facilities widen EET Fuels’ strategic and financing partnerships including with major European banks and established trading partners. This enables the Company to also develop customer offerings, growing relationships and sales volumes. The new financing facilities further strengthen EET Fuels’ balance sheet. Satish Vasooja, Chief Financial Officer at EET Fuels, said: "This is an excellent outcome for EET Fuels. Knowing our decarbonisation strategy has the backing of major financing partners, we can continue to develop and invest in our business with confidence." Tarun Naruka, Head of Corporate and Structured Finance at EET Fuels, said: "These new facilities strengthen our balance sheet, adding flexibility to our financing arrangements and demonstrate that major financing partners are aligned to our core strategy, including cost optimisation and continued performance improvement."

  35. Headline : EET Fuels agrees on $650 million financing facilities Domain : Prokerala Date : October 03, 2024 Journalist: IANS https://www.prokerala.com/news/articles/a1569561.html EET (Essar Energy Transition) Fuels, owner of the Stanlow refinery in the UK, announced it has successfully agreed to $650 million in receivable financing and trade credit financing facilities in this quarter. This demonstrates market confidence in the Company’s decarbonisation strategy. EET Fuels is setting a new global benchmark for industrial decarbonisation, becoming the first low-carbon process refinery as it will reduce emissions by 95 per cent by the close of the decade. Industrial carbon capture and use of blue hydrogen are at the heart of the company’s strategy. The facilities secured to support this strategy include a new receivable facility with ABN AMRO Bank for $150 million, extending and upsizing HCOB and UMTB facility to $200 million for receivable financing; and a trade credit financing for $300 million with an international oil company. EET Fuels’ continuing operational improvement and delivery of its energy transition strategy, including the creation of a major UK energy transition hub at Stanlow, is central to these new relationships. The new facilities widen EET Fuels’ strategic and financing partnerships including with major European banks and established trading partners. This enables the Company to also develop customer offerings, growing relationships and sales volumes. The new financing facilities further strengthen EET Fuels’ balance sheet. Satish Vasooja, Chief Financial Officer at EET Fuels, said: "This is an excellent outcome for EET Fuels. Knowing our decarbonisation strategy has the backing of major financing partners, we can continue to develop and invest in our business with confidence." Tarun Naruka, Head of Corporate and Structured Finance at EET Fuels, said: "These new facilities strengthen our balance sheet, adding flexibility to our financing arrangements and demonstrate that major financing partners are aligned to our core strategy, including cost optimisation and continued performance improvement."

  36. Headline : EET Fuels agrees on $650 million financing facilities Domain : Illustrated Daily News Date : October 03, 2024 Journalist: IDN https://www.illustrateddailynews.com/business/eet-fuels-agrees-on-650-million-financing- facilities-773820 EET (Essar Energy Transition) Fuels, owner of the Stanlow refinery in the UK, announced it has successfully agreed to $650 million in receivable financing and trade credit financing facilities in this quarter. This demonstrates market confidence in the Company’s decarbonisation strategy. EET Fuels is setting a new global benchmark for industrial decarbonisation, becoming the first low-carbon process refinery as it will reduce emissions by 95 per cent by the close of the decade. Industrial carbon capture and use of blue hydrogen are at the heart of the company’s strategy. The facilities secured to support this strategy include a new receivable facility with ABN AMRO Bank for $150 million, extending and upsizing HCOB and UMTB facility to $200 million for receivable financing; and a trade credit financing for $300 million with an international oil company. EET Fuels’ continuing operational improvement and delivery of its energy transition strategy, including the creation of a major UK energy transition hub at Stanlow, is central to these new relationships. The new facilities widen EET Fuels’ strategic and financing partnerships including with major European banks and established trading partners. This enables the Company to also develop customer offerings, growing relationships and sales volumes. The new financing facilities further strengthen EET Fuels’ balance sheet. Satish Vasooja, Chief Financial Officer at EET Fuels, said: "This is an excellent outcome for EET Fuels. Knowing our decarbonisation strategy has the backing of major financing partners, we can continue to develop and invest in our business with confidence." Tarun Naruka, Head of Corporate and Structured Finance at EET Fuels, said: "These new facilities strengthen our balance sheet, adding flexibility to our financing arrangements and demonstrate that major financing partners are aligned to our core strategy, including cost optimisation and continued performance improvement."

  37. Headline : EET Fuels agrees on $650 million financing facilities Domain : News Point Date : October 03, 2024 Journalist: https://www.newspointapp.com/english-news/publisher-ianslive/top-news/eet-fuels- agrees-on-650-million-financing- facilities/articleshow/145048202e721189088277b70154f06d2dcdd4f2 EET (Essar Energy Transition) Fuels, owner of the Stanlow refinery in the UK, announced it has successfully agreed to $650 million in receivable financing and trade credit financing facilities in this quarter. This demonstrates market confidence in the Company’s decarbonisation strategy. EET Fuels is setting a new global benchmark for industrial decarbonisation, becoming the first low-carbon process refinery as it will reduce emissions by 95 per cent by the close of the decade. Industrial carbon capture and use of blue hydrogen are at the heart of the company’s strategy. The facilities secured to support this strategy include a new receivable facility with ABN AMRO Bank for $150 million, extending and upsizing HCOB and UMTB facility to $200 million for receivable financing; and a trade credit financing for $300 million with an international oil company. EET Fuels’ continuing operational improvement and delivery of its energy transition strategy, including the creation of a major UK energy transition hub at Stanlow, is central to these new relationships. The new facilities widen EET Fuels’ strategic and financing partnerships including with major European banks and established trading partners. This enables the Company to also develop customer offerings, growing relationships and sales volumes. The new financing facilities further strengthen EET Fuels’ balance sheet. Satish Vasooja, Chief Financial Officer at EET Fuels, said: "This is an excellent outcome for EET Fuels. Knowing our decarbonisation strategy has the backing of major financing partners, we can continue to develop and invest in our business with confidence." Tarun Naruka, Head of Corporate and Structured Finance at EET Fuels, said: "These new facilities strengthen our balance sheet, adding flexibility to our financing arrangements and demonstrate that major financing partners are aligned to our core strategy, including cost optimisation and continued performance improvement."

  38. Headline : EET Fuels agrees on $650 million financing facilities Domain : Bhaskar Live Date : October 03, 2024 Journalist: https://bhaskarlive.in/eet-fuels-agrees-on-650-million-financing-facilities/ EET (Essar Energy Transition) Fuels, owner of the Stanlow refinery in the UK, announced it has successfully agreed to $650 million in receivable financing and trade credit financing facilities in this quarter. This demonstrates market confidence in the Company’s decarbonisation strategy. EET Fuels is setting a new global benchmark for industrial decarbonisation, becoming the first low-carbon process refinery as it will reduce emissions by 95 per cent by the close of the decade. Industrial carbon capture and use of blue hydrogen are at the heart of the company’s strategy. The facilities secured to support this strategy include a new receivable facility with ABN AMRO Bank for $150 million, extending and upsizing HCOB and UMTB facility to $200 million for receivable financing; and a trade credit financing for $300 million with an international oil company. EET Fuels’ continuing operational improvement and delivery of its energy transition strategy, including the creation of a major UK energy transition hub at Stanlow, is central to these new relationships. The new facilities widen EET Fuels’ strategic and financing partnerships including with major European banks and established trading partners. This enables the Company to also develop customer offerings, growing relationships and sales volumes. The new financing facilities further strengthen EET Fuels’ balance sheet. Satish Vasooja, Chief Financial Officer at EET Fuels, said: “This is an excellent outcome for EET Fuels. Knowing our decarbonisation strategy has the backing of major financing partners, we can continue to develop and invest in our business with confidence.” Tarun Naruka, Head of Corporate and Structured Finance at EET Fuels, said: “These new facilities strengthen our balance sheet, adding flexibility to our financing arrangements and demonstrate that major financing partners are aligned to our core strategy, including cost optimisation and continued performance improvement.”

  39. Headline : EET Fuels agrees on $650 million financing facilities Domain : Gyanhigyan Date : October 03, 2024 Journalist: Narendra Chaudhary https://gyanhigyan.com/business-finance/eet-fuels-agrees-on-650-million-financing- facilities/cid15467573.htm EET (Essar Energy Transition) Fuels, owner of the Stanlow refinery in the UK, announced it has successfully agreed to $650 million in receivable financing and trade credit financing facilities in this quarter. Stanlow (UK), Oct 3 (IANS) EET (Essar Energy Transition) Fuels, owner of the Stanlow refinery in the UK, announced it has successfully agreed to $650 million in receivable financing and trade credit financing facilities in this quarter. This demonstrates market confidence in the Company’s decarbonisation strategy. EET Fuels is setting a new global benchmark for industrial decarbonisation, becoming the first low-carbon process refinery as it will reduce emissions by 95 per cent by the close of the decade. Industrial carbon capture and use of blue hydrogen are at the heart of the company’s strategy. The facilities secured to support this strategy include a new receivable facility with ABN AMRO Bank for $150 million, extending and upsizing HCOB and UMTB facility to $200 million for receivable financing; and a trade credit financing for $300 million with an international oil company. EET Fuels’ continuing operational improvement and delivery of its energy transition strategy, including the creation of a major UK energy transition hub at Stanlow, is central to these new relationships. The new facilities widen EET Fuels’ strategic and financing partnerships including with major European banks and established trading partners. This enables the Company to also develop customer offerings, growing relationships and sales volumes. The new financing facilities further strengthen EET Fuels’ balance sheet. Satish Vasooja, Chief Financial Officer at EET Fuels, said: "This is an excellent outcome for EET Fuels. Knowing our decarbonisation strategy has the backing of major financing partners, we can continue to develop and invest in our business with confidence." Tarun Naruka, Head of Corporate and Structured Finance at EET Fuels, said: "These new facilities strengthen our balance sheet, adding flexibility to our financing arrangements and demonstrate that major financing partners are aligned to our core strategy, including cost optimisation and continued performance improvement."

  40. Headline : EET Fuels secures $650 mn financing facilities Domain : News Drum Date : October 03, 2024 Journalist: NewsDrum Desk https://www.newsdrum.in/business/eet-fuels-secures-650-mn-financing-facilities-7240004 EET Fuels, owner of UK's Stanlow oil refinery, on Thursday said it has secured USD 650 million in financing and trade credit financing facilities for its decarbonisation plans. "This demonstrates market confidence in the company's decarbonisation strategy," the firm said in a statement. Essar Energy Transition (EET) Fuels is setting a new global benchmark for industrial decarbonisation, becoming the first low carbon process refinery as it will reduce emissions by 95 per cent by the close of the decade. Industrial carbon capture and use of blue hydrogen are at the heart of the company's strategy. The facilities secured to support this strategy include USD 150 million from ABN AMRO Bank, extension and upsizing HCOB and UMTB facility to USD 200 million for receivable financing, and a trade credit financing for USD 300 million with an international oil company. The firm did not reveal details such as coupon rate and tenure. "EET Fuels' continuing operational improvement and delivery of its energy transition strategy, including the creation of a major UK energy transition hub at Stanlow, is central to these new relationships," the statement said. The new facilities widen EET Fuels' strategic and financing partnerships, including with major European banks and established trading partners. This enables the company to also develop customer offerings, growing relationships and sales volumes. The new financing facilities further strengthen EET Fuels' balance sheet. Satish Vasooja, Chief Financial Officer at EET Fuels, said, "This is an excellent outcome for EET Fuels. Knowing our decarbonisation strategy has the backing of major financing partners, we can continue to develop and invest in our business with confidence." Tarun Naruka, Head of Corporate and Structured Finance at EET Fuels, said, "These new facilities strengthen our balance sheet, adding flexibility to our financing arrangements and demonstrate that major financing partners are aligned to our core strategy, including cost optimisation and continued performance improvement."

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