UK oil refinery ends production, officials say
Summary
The Lindsey Oil Refinery in North East Lincolnshire has stopped production as no buyer was found after its owner, Prax Group, went into administration. The government and the Official Receiver are handling the refinery's closure, with efforts to sell refined products and seek buyers for assets. The closure affects 420 jobs and impacts the local community and supply chain.Key Facts
- Lindsey Oil Refinery has stopped all production after being unable to find a buyer.
- The refinery owner, Prax Group, went into administration due to financial losses.
- 420 jobs are at risk due to the closure.
- Efforts are underway to sell refined products for a few more weeks.
- The government and officials are looking for buyers for individual assets of the refinery.
- There are calls for government support for workers and the local supply chain.
- Local officials stress the economic impact and are asking for immediate government intervention.
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