Grangemouth oil refinery near Falkirk is home to one of the first oil refineries in the UK, which is still a major supplier of aviation and ground fuels across Scotland
Oil operations at the site can be traced back to 1919. The refinery, established in 1924, was one of the first crude oil refineries in the UK.
Grangemouth was run by Innovene until 2005. Ineos – owned by one of Britain’s richest men Jim Ratcliffe – bought Innovene in a £5bn takeover.
In 2019 plans were announced to build a £350m energy plant at the site, as part of a £1bn investments in the UK oil and chemical industries.
But in 2023, owners Petroineos announced they intend to turn the site into a fuels import terminal due to “global market pressure”.
Only 100 staff would be needed for the planned import terminal.
About 2,000 people are directly employed at Grangemouth including 500 at the refinery, 450 on the Forties pipeline from the North Sea and a further 1,000 in the Ineos petrochemicals business – meaning the change in operations would put 400 jobs at risk.
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