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Government talks with ‘possible buyer’ for Grangemouth – minister

Michelle Thomson, MSP for Falkirk East, had suggested there was the potential buyer at First Minister’s Questions at Holyrood on Thursday.

But she said she could not identify the interested party because she had agreed to keep the information confidential.

The BBC understands the refinery – the oldest in the UK – is currently losing about $500,000 (£383,000) a day and is on course to lose about $200m (£153m) in 2024.

Petroineos confirmed on Thursday that it would close the refinery after announcing its intentions in November last year.

It said this was due to it being unable to compete with sites in Asia, Africa and the Middle East.

Petroineos said the closure would “safeguard fuel supply for Scotland” by converting the site into a terminal to import petrol, diesel, aviation fuel and kerosene into Scotland.

But this would require a workforce of fewer than 100 employees compared to the current 475.


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