Refineries: Grangemouth

(asked on 4th March 2024) - View Source

Question to the Department for Energy Security & Net Zero:

To ask the Secretary of State for Energy Security and Net Zero, pursuant to the Answer of 9 January 2024 to Question 7768 on Oil: Refineries, what assessment she has made of the potential impact of the closure of the Grangemouth oil refinery on imports.


Answered by
Andrew Bowie Portrait
Andrew Bowie
Parliamentary Under Secretary of State (Department for Energy Security and Net Zero)
This question was answered on 11th March 2024

The owners of Grangemouth refinery, Petroineos, recently announced that they were putting in place the enabling works for a future transition to an import terminal. Petroineos have not taken a decision on when refining operations will cease but they anticipate they will continue until at least May 2025.

The impact of a cessation of refining operations on UK imports will depend on the supply and demand for fuels at the time. The Government’s Net Zero policies to increase use of electric vehicles and renewable transport fuels, will progressively reduce demand for conventional fuels.

The UK already both imports and exports fuels to balance demand and supply. The Petroineos plans should continue to ensure that customer needs are met.

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