Petroineos has confirmed refining operations at the gigantic industrial plant on the Firth of Forth will end after 100 years.
Hundreds of skilled jobs are set to be axed after it was confirmed Scotland's last oil refinery will close next year.
Petroineos, a joint venture between the Chinese state and Ineos, said it would now begin a formal consultation period with the 475 staff currently employed by its refinery business. Petroineos previously announced in November 2023 its intention to wind down the refinery, prompting a campaign by the Unite trade union to protect jobs.
"That reality, aligned with the cost of maintaining a refinery built half a century ago, means we are exploring ways to adapt our business.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Blue Protocol Xbox servers to close in 2025, worldwide release canceledBandai Namco is closing the Japanese Blue Protocol servers early next year and has confirmed that the worldwide release of the MMORPG has been scrapped.
Read more »
Daniel Ricciardo confronted by new revelation that 2025 F1 axe might be closeDaniel Ricciardo's F1 future uncertain, writes Crash.net's Connor McDonagh at Zandvoort
Read more »
Key attributes of Mercedes’ prodigy Andrea Kimi Antonelli pointed outAnalysis of Lewis Hamilton's likely replacement at Mercedes in 2025
Read more »
Williams F1 upgrades can become 2025 baselineWilliams will look to combine the 2024-25 F1 cars as one project before switching focus to 2026
Read more »
Strictly Come Dancing fans ‘fear 2025 tour is axed’ after seeing clueThe tour is an annual event that fans look forward to.
Read more »
30 European countries travellers will need new pass to enter in 2025The European Travel Information and Authorisation System (ETIAS) is required for entry for visa-exempt nationals travelling to any of thirty countries
Read more »