Grangemouth Refinery Closure Spurs £3.5 Billion Low-Carbon Transformation Plan
The Project Willow report outlines nine potential projects to repurpose the site, with government funding pledged but significant private investment still required.
- The Grangemouth oil refinery, Scotland's last, is set to close this year, resulting in the loss of 400 jobs and affecting thousands in related industries.
- The Project Willow report proposes a £3.5 billion investment to transform the site into a low-carbon industrial hub, with nine potential projects identified.
- Governments have pledged £225 million in funding, but the majority of the required investment must come from the private sector.
- Union leaders are advocating for prioritizing the sustainable aviation fuel (SAF) project, which could cost £2.1 billion and potentially save jobs.
- Critics question the feasibility of the proposed projects, citing high costs, risks, and the long timescales required to deliver significant employment benefits.
The Telegraph 
