Stanlow, July 6 -- Essar Energy Transition has renewed its strategic partnership with Petraco.

In a release, the company said it has successfully renewed a USD 300m crude facility between Essar Energy Transition Fuels and Petraco Oil Company SA.

As per the release, Essar Energy Transition Fuels, which is the owner and operator of the Stanlow Refinery UK, is investing in low-carbon energy solutions and the decarbonisation of its industrial assets.

"The company has renewed a three-year, USD 300 million strategic crude and product facility," the release added.

It said the transaction further strengthens Essar Energy Transition Fuels' strategic relationship with leading players.

"The transaction represents an important next step as Essar...