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Official Report: search what was said in Parliament

The Official Report is a written record of public meetings of the Parliament and committees.  

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Dates of parliamentary sessions
  1. Session 1: 12 May 1999 to 31 March 2003
  2. Session 2: 7 May 2003 to 2 April 2007
  3. Session 3: 9 May 2007 to 22 March 2011
  4. Session 4: 11 May 2011 to 23 March 2016
  5. Session 5: 12 May 2016 to 5 May 2021
  6. Current session: 12 May 2021 to 14 May 2025
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Displaying 2242 contributions

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Economy and Fair Work Committee

Petroineos Grangemouth

Meeting date: 13 December 2023

Stephen Kerr

A holistic economic assessment would take care of that. Will that be available in the first quarter?

Economy and Fair Work Committee

Petroineos Grangemouth

Meeting date: 13 December 2023

Stephen Kerr

All right. I accept what you are saying. Can I quickly ask some very specific questions?

Economy and Fair Work Committee

Petroineos Grangemouth

Meeting date: 13 December 2023

Stephen Kerr

It is reported that some of the repair and maintenance work that is connected with the refinery has been stepped down, which has led to an increase in breakdowns, including of the hydrocracker unit. What is your response to that?

Economy and Fair Work Committee

Petroineos Grangemouth

Meeting date: 13 December 2023

Stephen Kerr

What will be the impact of the refinery closure on Ineos O & P, which is also loss-making—I think that it lost £300 million last year—and the viability of that operation, given that there is input from the refinery to the processes of Ineos O & P?

Economy and Fair Work Committee

Petroineos Grangemouth

Meeting date: 13 December 2023

Stephen Kerr

I asked the previous panel about the status of the hydrocracker, a component that is key to the running and profitability of the refinery. What has Petroineos told you about what will happen to the hydrocracker?

Economy and Fair Work Committee

Petroineos Grangemouth

Meeting date: 13 December 2023

Stephen Kerr

Are you content that that is the intention of the business?

Economy and Fair Work Committee

Petroineos Grangemouth

Meeting date: 13 December 2023

Stephen Kerr

I think the announcement came as a great shock to the people of the area. I understand what you are saying about the macro position, markets and the rest, but it came as a big shock to people who live in the area that it is very likely—in fact it is almost certain—that the refinery will close in spring 2025.

When will the Government be in a position to publish an assessment of the economic impact of the closure? At the moment, as Colin Smyth said earlier, the implications and ramifications of the refinery closure are not very clear. When will the Government produce its economic impact assessment?

Economy and Fair Work Committee

Petroineos Grangemouth

Meeting date: 13 December 2023

Stephen Kerr

The economic impact assessment will no doubt be holistic and consider multiple possible outcomes to the situation that we are in, but I think that we can all agree that, as the convener mentioned earlier, there is little doubt that the refinery is closing.

Economy and Fair Work Committee

Petroineos Grangemouth

Meeting date: 13 December 2023

Stephen Kerr

Irrespective of the timing, a holistic economic impact assessment would consider all the factors. With regard to the path ahead, it is critical that we understand what will happen because of the closure of the refinery, whenever it happens for definite. Who is doing this piece of work and what is the estimate of when it will be available for all of us and for the people of the area, so that we can begin to get our head around the nature, extent and scope of the challenge, which undoubtedly it is?

Economy and Fair Work Committee

Petroineos Grangemouth

Meeting date: 13 December 2023

Stephen Kerr

Okay—so you do not recognise the potential impact on suppliers and contractors, which is thousands of jobs on the Grangemouth site?