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The Guardian

Grangemouth oil refinery to close by end of June, putting 500 jobs at risk

The Guardian on



Owners confirm site will become fuels import terminal and distribution hub in blow to Scotland’s industrial baseBusiness live – latest updatesThe owners of the Grangemouth oil refinery have confirmed it will shut by the end of June next year, in a blow to Scotland’s industrial base and the site’s 500 employees.Britain’s oldest refinery will close in the second quarter of 2025 to become a fuels import terminal and distribution hub, according to Petroineos, a joint venture between the Chinese state-owned oil firm PetroChina and Ineos, the petrochemicals empire of the British billionaire Sir James Ratcliffe. Continue reading…



Source link : https://www.theguardian.com/business/2024/sep/12/grangemouth-oil-refinery-close-by-end-of-june-500-jobs-at-risk-petroineos-scotland

Author : Jillian Ambrose Energy correspondent

Publish date : 2024-09-12 10:53:22

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Tags : The Guardian

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