Summary
The Lindsey Oil Refinery in North East Lincolnshire will close because the government couldn't find a buyer. The plant's owner, Prax Group, went into administration, risking 420 jobs. The government plans to help the workers with new training programs.
Key Facts
- The Lindsey Oil Refinery will shut down as no buyer was found.
- Prax Group, the refinery's owner, went into administration last month.
- The closure puts 420 direct jobs at risk.
- The government will offer training to affected workers for jobs in clean energy.
- The refinery has recorded losses of about £75 million since 2021.
- The Official Receiver is still looking for interest in specific parts of the refinery.
- The refinery is the smallest in the UK and is next to the Phillips 66 Humber refinery, which remains operational.
