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Lord Offord of Garvel (Con)

Speaking in the House of Lords on 3 July 2025

Debate

Grangemouth Oil Refinery Closure: Job Losses

Contribution

My Lords, the sad reality is that the Grangemouth oil refinery has come to its end of life after 100 years of service. That is due to the transition from oil and gas to renewables. Of course, the loss of 450 jobs is deeply regrettable, and Ineos should get some credit for working with authorities to try to mitigate that with Project Willow, but I am even more concerned about the 1,000 jobs on the site next to the oil refinery in the Ineos petrochemical plant. It is one of two of its kind in the UK; it is best in class of 40 in Europe, but its profitability is deeply compromised by exorbitant energy prices and carbon taxes which are not imposed on its competitors in the US, China and India. When will the Government realise that their current energy policies are driving the UK industry on the rocky road to ruin?

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