Essar arm secures $500 million crude and product facility from Abu Dhabi's IRH

IRH Global Trading, a subsidiary of International Resources Holding (IRH), will provide the necessary crude sourcing and product supply support. This transaction is a significant step for Essar as it seeks to strengthen relationships with international energy trading partners and advance its low-carbon energy objectives. The Stanlow refinery is a key component of Essar Energy Transition's strategy to establish a major energy transition hub in northwest England, focusing on low-carbon fuel production and industrial decarbonization.

Prashant Ruia, Chairman of Essar Energy Transition, highlighted the strategic importance of the deal for the Stanlow refinery. Ali Rashed Al Rashdi, CEO of IRH, stated that the partnership will enhance supply security and operational resilience at the UK refining hub. IRH, headquartered in Abu Dhabi, is a mine-to-market platform focused on minerals critical for the energy transition and has been expanding its presence in global energy and commodity markets.