Question to the Department for Energy Security & Net Zero:
To ask the Secretary of State for Energy Security and Net Zero, what financial liabilities relating to Lindsey Oil Refinery decommissioning fall to the taxpayer, as opposed to the buyer of the site.
The insolvency process at Prax Lindsey Oil Refinery is led by the court-appointed Official Receiver, who must act in accordance with his statutory duties and independently of government. The government will continue to support and fund the Official Receiver until a sale has been completed.
After a thorough process to identify a buyer for the site, the Official Receiver determined Phillips 66 is the most credible bidder which can provide a viable future for this site. The sale is expected to complete in the first half of 2026.
As I set out in DESNZ Orals on 6 January 2025, the government is not responsible for the decommissioning liabilities, these will be for Phillips 66 as part of the sale.