Preem secures $308.7M in green credit guarantees for Lysekil conversion

In Sweden, as part of the strategy to switch to large-scale renewable fuel production, Preem will sign a $308.7 million loan agreement with Swedish Export Credit Corporation (SEK). The loan is covered by the Swedish National Debt Office’s program for green credit guarantees.

This is the first guarantee the Swedish National Debt Office issues within the framework of the central government’s green guarantee program and intends to finance Preem’s planned major investment at the Lysekil refinery for the production of biodiesel based on renewable raw materials. The biodiesel production will play a central role for the transport sector in the future and contribute to increased Swedish self-sufficiency in biofuels.