Fuels Industry UK statement on announcement to cease refining operations at Grangemouth

Following the announcement by Petroineos that they intend to cease refining operations at the Grangemouth Refinery in Q2 2025 subject to consultation with employees, Elizabeth de Jong, Chief Executive Officer of Fuels Industry UK has said:

“We are very sad to hear that Grangemouth refinery is planning to become a fuels' import terminal. As we have told Government, the fuels sector is vital for the nation's energy security and net zero ambitions but faces difficult investment conditions in the UK as this decision shows. Today's announcement must be a wake-up call for Government to work more closely with us and our member companies to address the long-term challenges facing the sector.”