Owners confirm site will become fuels import terminal and distribution hub, in blow to Scotland’s industrial base
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The 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 Jim Ratcliffe.
Continue reading… World news | The Guardian
