Former energy minister Michael Matheson held talks with Grangemouth operator Petroineos in 2022, in which he was told of the potential closure of the refinery in the face of market pressures.
Exxon Mobil will complete a $1 billion expansion of diesel production at its Fawley UK oil refinery next year, a key step in curbing the country’s reliance on imports.
Union leaders slammed plans to cease operations at Grangemouth’s crude refinery and called for nationalisation, while just transition campaigners called for a ‘credible plan’ to protect workers.
Grangemouth, Scotland’s last remaining oil refining capacity, could close as soon as 2025 amid a reported decline in North Sea oil output and falling demand for fuels.