gov.uk/government/organisations/uk-export-finance
UK Export Finance (UKEF) is the United Kingdom’s export credit agency and a ministerial department of the Department for Business and Trade. It supports UK exports by providing government-backed guarantees, insurance, and direct lending to overseas buyers, working with commercial banks to finance international trade and capital projects. Its products include buyer and supplier credit facilities, working capital and bond support, and protection against non‑payment and political risk. UKEF operates under international frameworks, including OECD export credit rules, and applies environmental, social, and human rights due diligence to supported transactions.
For the chemical and wider process industries, UKEF supports the export of plant, equipment, engineering, construction, and services from UK suppliers into global projects. Areas commonly covered include petrochemicals, refining, specialty chemicals, fertilizers, hydrogen, carbon capture and storage, and renewable energy value chains. By mitigating credit and sovereign risk and offering longer repayment tenors, UKEF can make complex projects and supply contracts more financeable, often in coordination with other export credit agencies and multilateral lenders.
chemXplore tracks 1 project involving UK Export Finance, of which one is active.
UK Export Finance's role on them: Investor / Financier.
1 new construction.
Contractors and licensors are recorded on this project For subscribers
Targeting: Ethane (1), Ethylene (1), Hydrocarbons, C4, ethylene-manuf.-by-product (1), Hydrocarbons, C5-8 (1), Propylene (1), Pyrolysis oil (1)
First of two final heavy modules reached Antwerp after months trapped in the Strait of Hormuz; second expected shortly as installation and commissioning enter peak phase.
Warns China is dumping excess chemical capacity into Europe, calls for faster trade safeguards and ETS Investment Booster support for Project ONE (€5bn) low‑carbon ethylene.
€4.5bn for a new Antwerp ethylene cracker cutting CO2 by two‑thirds vs EU average; no Innovation Fund support. If ETS Booster won’t back it, Europe risks losing large-scale petrochemical investment.
Mozambique LNG partners replace UKEF and Atradius with additional equity after force majeure. 90% of lenders remain committed. Concerns raised over human rights reports in Cabo Delgado.
Ørsted advances its strategic goals with project financing for Greater Changhua 2, supported by international banks and export credit agencies.
Sir Jim Ratcliffe urges the EU to address high energy costs, carbon taxes, and lack of renewal in the chemical sector to prevent further offshoring and industrial decline.
The environmental permit approval enables the construction of Europe's most sustainable ethane cracker, significantly reducing carbon emissions and supporting the renewal of the chemical cluster in Flanders.
The new Antwerp cracker will have the lowest carbon footprint in Europe, use low carbon hydrogen, and create 450 jobs. Supported by 21 banks, the €3.5B financing includes €1.5B uncovered debt.
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