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Refinery Owners Have Serious Questions to Answer After Closure Threatens 625 Workers
IMMINGHAM, NORTH EAST LINCOLNSHIRE, UK, JUL 22 – The Lindsey Oil Refinery's closure will put over 400 jobs at risk after mounting losses of £75 million since 2021 and no credible buyer was found, government officials said.
- On June 30, Energy Minister Michael Shanks announced the Lindsey Oil Refinery in Killingholme, North East Lincolnshire will close, saying 'no credible offers have been made'.
- After recording losses of about £75 million between 2021 and February 2024, the Prax Group entered administration last month, prompting the Official Receiver to take over and putting 420 jobs at risk.
- The Lindsey Oil Refinery will process crude for the rest of the month and sell refined products for weeks, with operations expected to cease after 31 October.
- To support refinery staff, the Government offered a package guaranteeing jobs and pay over the coming months, while Michael Shanks demanded the Insolvency Service launch an investigation into the owners’ conduct.
- Despite the closure, investors remain interested in parts of the site and the Government is optimistic this could lead to future jobs at Immingham, Grimsby Live reported.
17 Articles
17 Articles
Evening Standard
Minister insists fuel supplies not under threat despite oil refinery closure
Michael Shanks pledged to support the workers who are facing redundancy, but the Government is unlikely to improve the statutory redundancy offer.
Hundreds of jobs at risk as Lindsey Oil Refinery set to close
Refinery owners have serious questions to answer after closure threatens 625 workers
The owners of Prax Lindsey Oil Refinery have “serious questions” to answer, a shadow minister said, after over 600 workers were told it will close, after efforts to find a buyer failed.
British Refinery Set to Close
Britain is set to lose a refinery that failed to attract any buyers after going into insolvency in June, leaving the country with four refineries in total. Prax Group, the owner of the Lindsey refinery, declared insolvency amid mounting losses at the facility, with several hundred jobs set to be lost if it could not sell it. The Starmer government tried to find a buyer for the refinery and energy security minister Ed Miliband even suggested fina…
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