Oil & Gas News – Late July 2024
Estimated reading time 1 minute
The Scottish secretary has promised that UK and Scottish government ministers will adopt a “one-team approach” to securing a future for Grangemouth oil refinery.
Around £1.5m of funding, paid for by both governments, has been allocated to producing a report exploring options for the site. Ministers want to consider longer-term opportunities for Grangemouth that involve low carbon industries.
Owner Petroineos announced it intends to cease refinery operations by 2025, putting 400 jobs at risk. https://www.bbc.co.uk/news/articles/cw9y571rnweo
