Unite union seeks talks with Sturgeon over Grangemouth refinery
Trade union bosses are seeking an urgent meeting with Scottish first minister Nicola Sturgeon amid uncertainty surrounding the future of the Grangemouth oil refinery.Grangemouth is one of just six oil refineries in Great Britain and supplies two-thirds of the petrol and diesel for forecourts in Scotland as well as large volumes for the north of England and Northern Ireland.Located at Falkirk in Scotland, it is owned by Petroineos, a joint venture formed in 2011 between the state-owned Chinese oil giant PetroChina and Ineos, part of the billionaire Jim Ratcliffe’s petrochemical empire.City sources have said PetroChina is keen to sell its stake.
However, there are fears that the business could fall into administration if a buyer is not found.PetroChina is responsible for most of the financing requirements at the refinery, which made significant losses during the pandemic as oil demand collapsed.
Read more on theguardian.com
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