Latest news with #IndustrialCluster
Yahoo
30-04-2025
- Business
- Yahoo
Grangemouth closure 'nothing short of economic crisis', says Kate Forbes
THE closure of Grangemouth is 'nothing short of an economic crisis', Kate Forbes has said. The Deputy First Minister made the comments in a ministerial statement in Holyrood on Wednesday, just a day after Grangemouth's owner Petroineos confirmed the refinery has ceased processing crude oil. The industrial site in central Scotland was the last oil refinery operating north of the border. 'The decision by Petro Ineos is nothing short of an economic crisis,' Forbes told MSPs. 'And we need the UK Government to work with us to respond quickly, as we know that it can.' READ MORE: She added: 'It's a very sad day for Grangemouth and for Scotland, and we are deeply sorry for the workers and the wider community.' In recent months, hundreds of workers have taken voluntary redundancy while a number of compulsory redundancies have also been made. 'The decision of last September [to close the refinery] was and is premature,' Forbes said. 'It jeopardises our transition to net zero, negatively impacts the Scottish economy and leaves us reliant on imported fuel. We have continually called on the UK Government to do more, to intervene and to stop this needless act of economic vandalism. (Image: PA)'If they can intervene at Scunthorpe, then it is surely necessary in Grangemouth.' She added: 'The UK Government could have chosen to underpin operations of the refinery to bridge the transition to new technologies, or as we've repeatedly called for, intervention to enable sustainable aviation fuel production at Grangemouth.' Petroineos has said the refinery is loss-making and has rejected claims from unions that the site could easily transition into a hub for producing sustainable aviation fuel. In London today to meet Michael Shanks and get an update from Scottish and UK agencies on the work of our joint investment task force for the Grangemouth Industrial Cluster. There's been a good deal of commercial interest in the opportunities published in the Project Willow study — Gillian Martin (@GillianMSP) April 30, 2025 On Wednesday, UK energy minister Michael Shanks and Scottish Energy Secretary Gillian Martin (above) met to discuss the joint work both administrations are undertaking. 'There's been a good deal of commercial interest in the opportunities published in the Project Willow study,' Martin claimed afterwards. The significant report commissioned by the Scottish and UK governments, known as Project Willow, aims to chart a future for the site in low-carbon energy. But the report said this would require around £3.5 billion of private investment.
The National
30-04-2025
- Business
- The National
Grangemouth closure nothing short of economic crisis
The Deputy First Minister made the comments in a ministerial statement in Holyrood on Wednesday, just a day after Grangemouth's owner Petroineos confirmed the refinery has ceased processing crude oil. The industrial site in central Scotland was the last oil refinery operating north of the border. 'The decision by Petro Ineos is nothing short of an economic crisis,' Forbes told MSPs. 'And we need the UK government to work with us to respond quickly, as we know that it can.' READ MORE: Crude images and graffiti spray-painted onto 150-year-old Scottish cathedral She added: 'It's a very sad day for Grangemouth and for Scotland, and we are deeply sorry for the workers and the wider community.' In recent months, hundreds of workers have taken voluntary redundancy while a number of compulsory redundancies have also been made. 'The decision of last September [to close the refinery] was and is premature,' Forbes said. 'It jeopardises our transition to net zero, negatively impacts the Scottish economy and leaves us reliant on imported fuel. We have continually called on the UK Government to do more, to intervene and to stop this needless act of economic vandalism. (Image: PA)'If they can intervene at Scunthorpe, then it is surely necessary in Grangemouth.' She added: 'The UK Government could have chosen to underpin operations of the refinery to bridge the transition to new technologies, or as we've repeatedly called for, intervention to enable sustainable aviation fuel production at Grangemouth.' Petroineos has said the refinery is loss-making and has rejected claims from unions that the site could easily transition into a hub for producing sustainable aviation fuel. In London today to meet Michael Shanks and get an update from Scottish and UK agencies on the work of our joint investment task force for the Grangemouth Industrial Cluster. There's been a good deal of commercial interest in the opportunities published in the Project Willow study — Gillian Martin (@GillianMSP) April 30, 2025 On Wednesday, UK energy minister Michael Shanks and Scottish Energy Secretary Gillian Martin (above) met to discuss the joint work both administrations are undertaking. 'There's been a good deal of commercial interest in the opportunities published in the Project Willow study,' she claimed afterwards. The significant report commissioned by the Scottish and UK governments, known as Project Willow, aims to chart a future for the site in low-carbon energy. But the report said this would require around £3.5 billion of private investment.
