Petroineos announced on Thursday that the site will cease operations in the second quarter of next year.
Scotland’s First Minister has urged the owners of the Grangemouth refinery to reconsider its “premature” closure.
A spokesman for Petroineos said that in the last week, the refinery has lost around 500,000 US dollars per day, and absorbed total losses of 775 million US dollars . “I think the decision is premature and I would encourage Petroineos to consider what options there are to prolong the life of the refinery.”
“It is hard to conceive that any owner would be able or willing to sustain losses on this scale indefinitely and in the face of competitive pressure from newer, more modern facilities across Europe and elsewhere in the world.” “Obviously they both come out pre- and post-general election to say they would be doing all they can to save Grangemouth – the first test of the just transition failed miserably yesterday.”“I don’t expect anything less from Petroineos,” she said.
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