Overview

• Petroineos announced the closure of the Grangemouth refinery, leading to the loss of 400 jobs and transitioning the site into a fuels import terminal.
• First Minister John Swinney called the decision premature, suggesting it could have been delayed by two to three years to allow for a smoother transition to green energy.
• Unions and workers expressed anger and disappointment, criticizing both the Scottish and UK governments for failing to ensure a just transition for the workforce.
• The closure highlights broader challenges in Scotland's energy transition, with declining fossil fuel industries and insufficient growth in green sectors.
• The Scottish and UK governments have pledged a £100 million support package to aid in the transition and create new opportunities for the affected workers.