Scotland’s Grangemouth fuel refinery to close in 2025

The Grangemouth fuel refinery in Scotland is to close in 2025, with the loss of about 500 jobs. Jointly owned by state-owned PetroChina and petrochemical company Ineos (known as PetroIneos), the plant will be turned into a fuel import-export hub.

In November 2023, the company warned that global pressures…

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