Fuels Industry UK statement on announcement to cease refining operations at Grangemouth
12 September 2024 - Following the announcement by Petroineos that they intend to cease refining operations at the Grangemouth Refinery in Q2 2025 subject to consultation with employees, Elizabeth de Jong, Chief Executive Officer of Fuels Industry UK has said:
“We are very sad to hear that Grangemouth refinery is planning to become a fuels’ import terminal. As we have told Government, the fuels sector is vital for the nation’s energy security and net zero ambitions but faces difficult investment conditions in the UK as this decision shows. Today’s announcement must be a wake-up call for Government to work more closely with us and our member companies to address the long-term challenges facing the sector.”
ENDS
Notes to Editors:
- Fuels Industry UK represents eight oil refining and marketing companies that operate the major oil refineries in the UK and source over 93% of the transport fuels used. Fuels Industry UK members also own around 1,250 of the UK's 8,000+ filling stations. Fuels Industry UK’s associate members are made up of a wide range of companies - from heating fuel supply and LNG imports, renewable and sustainable fuel producers, to terminals and pipelines - all providing a range of essential services across the industry.
Contact:
Jamie Baker, Director of External Relations, 0207 269 7605