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Prax Lindsey Refinery Enters Wind-Down Phase After Sale Efforts Fail

The government has guaranteed redundancy pay plus retraining for about 625 Lindsey workers.

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Overview

  • Administrators have halted crude intake and are selling refined stocks while seeking buyers for individual assets such as storage tanks and distribution networks.
  • Energy minister Michael Shanks said workers would retain pay and jobs over coming months and benefit from a government-funded training guarantee.
  • The Insolvency Service has launched an investigation into former owners Sanjeev and Arany Soosaipillai over the circumstances of the collapse.
  • Lindsey’s shutdown reduces the UK’s active refinery count to four and threatens about 10% of the nation’s fuel supply.
  • Local petitions and union-backed rallies are underway to press for government action on site redevelopment and alternative employment.