Essar Energy Transition (EET) said on Wednesday that it has successfully executed $400 million in combined financing across two distinct facilities with three major banking institutions.The development strengthens the company’s balance sheet, enhancing working capital efficiency, and supporting its long-term growth and decarbonisation strategy.The financing package includes the successful amendment and restatement of the company’s Receivables Purchase Agreement (RPA), expanding total commitments from $150 million to $350 millio, EET said.Originally established with ABN AMRO in September 2024, the new $350 million facility introduces NatWest (RBS Invoice Finance) with a $175 million commitment. The accession of NatWest represents a significant strategic milestone for Essar Energy Transition, marking a major expansion of its relationship with leading UK high-street financial institutions.Alongside NatWest, long-standing banking partner ABN AMRO has increased its commitment bringing its total participation to $175 million.Completing the $400 million financing suite, Essar Energy Transition has also secured an additional $50 million in committed financing from Natixis CIB, adding to its existing $100mn financing facility. Together these dealsenhance liquidity availability from a network of major European banking partners.Satish Vasooja, Chief Financial Officer at Essar Energy Transition, said: “Increased commitment from our existing lending banks, ABN AMRO and Natixis, and the addition of a UK high street bank, NatWest, supports Essar Energy Transition Fuels strategy and demonstrates the delivery of business performance. This provides us with enhanced liquidity during the volatile market conditions and completes our receivable financing programme that will deliver an optimised and stable capital structure to Essar Energy Transition Fuels as we continue to deliver essential energy security for the UK.”Andrew Barraclough, Head of ABL Origination at NatWest said “The addition of NatWest to this facility reflects both the strength of Essar Energy Transition’s business and the scale of its ambitions. As the company continues to invest in projects that support industrial decarbonisation, energy security and economic growth, this financing provides greater flexibility to deliver on those objectives and create long-term value.”Essar Energy Transition’s vision is to be a leading producer of low carbon fuels and establish a major energy transition hub in the North-West of England. Essar Energy Transition has an investment pipeline of £4.3 billion to develop a range of low carbon energy transition projects in the UK until 2035. Published on August 5, 2026