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Birmingham Post
Birmingham Post
Business
David Laister

Prax Group enhances liquidity position as refinery welcomes carbon capture scheme success

Prax Group Prax Oil

Prax Group has significantly enhanced its liquidity position with lenders.

The company behind Lindsey Oil Refinery has upsized its securitisation facility by almost 30 per cent, from £575 million to £739 million.

It said it would provide the group with “increased resilience to high prices and a solid platform from which to execute its strategic objectives and to support its future growth plans”.

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