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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