Grangemouth Refinery to Cease Operations in 2025
Petroineos Plans Transformation into Fuels Import Terminal Amid Energy Transition
- Scotland's only oil refinery, Grangemouth, is set to cease operations in 2025, putting hundreds of jobs at risk.
- Petroineos, the firm that owns the refinery, plans to transform the site into a fuels import terminal due to global market pressures and the energy transition.
- The refinery is expected to continue operating until at least spring 2025, and the transformation work is expected to take 18 months.
- The company also plans to convert its existing export terminal at Finnart into a diesel import facility.
- Unions and political parties have expressed concern over the livelihoods of the workers and the impact on the national and local economies.