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The Guardian - UK
The Guardian - UK
Business
Jillian Ambrose and Libby Brooks

Grangemouth oil refinery to close by end of June, putting 500 jobs at risk

Grangemouth Oil Scotland Petroineos Sir Keir Starmer United States
A view of Grangemouth refinery lit up against an evening sky
There had been hopes jobs could be saved after Keir Starmer described Grangemouth as a ‘real priority’. Photograph: Murdo Macleod/The Guardian

The owners of the Grangemouth oil refinery have confirmed it will shut by the end of June next year, in a blow to Scotland’s industrial base and the site’s 500 employees.

Britain’s oldest refinery will close in the second quarter of 2025 to become a fuels import terminal and distribution hub, according to Petroineos, a joint venture between the Chinese state-owned oil firm PetroChina and Ineos, the petrochemicals empire of the British billionaire Sir Jim Ratcliffe.

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