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The Independent UK
The Independent UK
Business
Anna Wise

Prax Lindsey oil refinery to stop standalone operations after Phillips 66 sale

Phillips 66 Lindsey Oil Prax Group
State Oil – the parent company of Prax Group, which owns the Lindsey refinery in North Lincolnshire – appointed administrators on Monday (Alamy/PA) -

Phillips 66 has agreed to buy the collapsed Prax Lindsey oil refinery out of administration, but revealed plans to integrate the operations into a neighbouring site in north-east Lincolnshire.

The Insolvency Service said that around 250 staff employed at the refinery in North Killingholme will have their jobs guaranteed until the end of March.

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