Overview

• The UK Government has allocated over £200 million to support the Grangemouth refinery, emphasizing a tailored industrial strategy distinct from its intervention at British Steel in Scunthorpe.
• The First Minister has renewed calls for the nationalisation of the Grangemouth refinery, arguing that Scotland must not be treated as an afterthought in industrial policy.
• Petroineos, the refinery's owner, confirmed that 377 workers have taken voluntary redundancy, with 28 additional compulsory job cuts announced.
• Scotland Office minister Kirsty McNeill accused the SNP of politicizing the issue, claiming they are 'manufacturing a grievance' rather than offering solutions.
• Petroineos highlighted the need for collaboration on Project Willow, a low-carbon energy initiative, as a potential pathway to future job creation and industrial revitalization at the site.