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Investor Pitches Public-Private Rescue for Lindsey Oil Refinery as Sale Decision Nears

Officials insist the sales process treats every bidder equally, with a decision expected in mid to late October.

Overview

  • Investor Marc Amram’s consortium proposed a model in which the UK Government retains ownership while private equity finances the refinery’s revival and operation.
  • The consortium says the plan would protect jobs, bolster energy security and avoid taxpayer costs, framing it as a profit‑sharing partnership.
  • The Insolvency Service says the Official Receiver is assessing all bids on an equal footing and remains in talks with multiple parties to achieve a sale.
  • Unite reports that some potential buyers seeking to keep the whole site running say they cannot get their proposals heard, a claim officials reject.
  • Redundancy notices were issued to 125 employees to take effect at the end of October, with 255 staff retained, as the site continues its wind‑down and the bid round moves toward conclusion.