Refineries: Grangemouth
Commons · Question 11497 · Tabled 28 Oct 2024 · Department for Energy Security and Net Zero · Official record
Answered 5 Nov 2024
Question
Asked by Brian Leishman
To ask the Secretary of State for Energy Security and Net Zero, what information his Department holds on the potential amount of funding required to keep the Grangemouth oil refinery in operation for the next 12 months.
Answer
Answered by Michael Shanks, 5 Nov 2024
Grangemouth refinery is a private business owned by Petroineos. Petroineos stated that its shareholders have invested more than $1.2bn since 2011 to maintain the refinery’s safe operation, recording losses in excess of $775m during the same period. The co...