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EET Fuels Secures Funding Worth $350 Million for Decarbonisation Plans

Through these initiatives, EET Fuels is setting the global benchmark for industrial decarbonisation, driving progress toward a more sustainable future. Despite being pulled into the Essar NCLT, the Group has closed that chapter, overcome challenges and maintained its focus on accomplishing its long-term goals of achieving sustainable growth.

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EET Fuels Secures Funding Worth $350 Million for Decarbonisation Plans

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  1. EET Fuels Secures Funding Worth $350 Million for Decarbonisation Plans

  2. In an era where energy transition and decarbonisation are becoming more critical than ever before, companies are taking proactive steps to minimize their carbon emissions and contribute to a more sustainable future. One such company that is setting the benchmark in deploying sustainable solutions is the Essar Group, which has taken proactive steps to help fulfil the world’s sustainability goals. Essar’scommitment to industrial decarbonisation and energy transition sets the benchmark for many others to follow. Essar, through its Essar Energy Transition (EET) arm, is leading the low-carbon hydrogen business in the UK and is investing billions of dollars in developing several low-carbon energy transition projects in the next five years in the UK.

  3. What is EET Fuels? • The company is set to become the UK’s first low-carbon process refinery, setting the best example for low-carbon refineries and industrial decarbonisation. The company’s strategy aligns with the UK Government’s net zero ambitions. Essar Energy Transition (EET) the Group’s initiative to support industrial decarbonisation, with the ambition to deliver a 95% reduction in carbon emissions by 2030, plans to invest USD 3 billion in various low-carbon Hydrogen projects. This ambitious target would result in a significant decrease of almost two million tonnes of carbon emissions per year, representing 12.5% of all of the North West’s carbon emissions, thereby making a substantial contribution to the UK’s plans to decarbonise the industry.

  4. New Funding to Support EET Fuels’ Decarbonisation Plans • The new financing ensures EET Fuels is well-placed to deliver on its decarbonisation ambitions by strengthening its balance sheet with medium-term stable funding and deepening existing relationships with key trading partners while establishing relationships in new regions. The company is focusing on improving its presence across new areas and sectors, leaving far behind its Essar NCLTpast. The funding will support EET Fuels’ operations and strengthen its position as a leader in the renewable energy sector.

  5. THANK TOU • For watching this presentation • Read More:-https://essarnews.com/eet-fuels-secures-funding-worth-350-million-for-decarbonisation-plans/

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