Scotland's Only Oil Refinery Reportedly to Close in 2025

© AP Photo / Scott Heppell In this Sunday, April 27, 2008, file photo workers leave the INEOS refinery in Grangemouth, Scotland, Sunday April. 27, 2008.
 In this Sunday, April 27, 2008, file photo workers leave the INEOS refinery in Grangemouth, Scotland, Sunday April. 27, 2008. - Sputnik Africa, 1920, 23.11.2023
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MOSCOW (Sputnik) – Scotland's only oil refinery, the Grangemouth plant outside Edinburgh is set to close in 2025, putting around 500 jobs at risk, UK media reported, citing the facility's owner.
The plant, belonging to joint UK-China venture Petroineos, has faced "significant challenges" amid market pressure and the energy transition, Sky News reported on Wednesday.
The Unite workers' union said the site would "primarily operate as an import and export oil terminal facility only."
 - Sputnik Africa, 1920, 26.10.2023
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Petroineos Refining CEO Franck Demay justified the move as "a necessary step in adapting our business to reflect the decline in demand for the type of fuels we produce." Meanwhile, trade unions and Scottish lawmakers have resented the future closure, the broadcaster said.
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