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Grangemouth- Scottish PetroChem Site
Posted: Wed Nov 22, 2023 6:25 pm
by AGT
Re: Grangemouth- Scottish PetroChem Site
Posted: Wed Nov 22, 2023 7:19 pm
by AE-NMidlands
The company said Grangemouth had been facing significant challenges because of global market pressures.
Petroineos intends to turn the site into a fuels import terminal which would result in the loss of at least 400 jobs.
That's private business/capitalism for you. If there's no money in something it will be shut down. (see also British steelmaking)
Other countries' governments take a more strategic view when they are watching their economies...
Re: Grangemouth- Scottish PetroChem Site
Posted: Wed Nov 22, 2023 8:23 pm
by ecogeorge
AE-NMidlands wrote: ↑Wed Nov 22, 2023 7:19 pm
The company said Grangemouth had been facing significant challenges because of global market pressures.
Petroineos intends to turn the site into a fuels import terminal which would result in the loss of at least 400 jobs.
That's private business/capitalism for you. If there's no money in something it will be shut down. (see also British steelmaking)
Other countries' governments take a more strategic view when they are watching their economies...
Thought the Government might have learnt their lesson over energy and Gas after Ukraine invasion but seems they're happy to now be at the mercy of fuel imports too
I give up ................
George
Re: Grangemouth- Scottish PetroChem Site
Posted: Wed Nov 22, 2023 8:31 pm
by Adokforme
ecogeorge wrote: ↑Wed Nov 22, 2023 8:23 pm
AE-NMidlands wrote: ↑Wed Nov 22, 2023 7:19 pm
The company said Grangemouth had been facing significant challenges because of global market pressures.
Petroineos intends to turn the site into a fuels import terminal which would result in the loss of at least 400 jobs.
That's private business/capitalism for you. If there's no money in something it will be shut down. (see also British steelmaking)
Other countries' governments take a more strategic view when they are watching their economies...
Thought the Government might have learnt their lesson over energy and Gas after Ukraine invasion but seems they're happy to now be at the mercy of fuel imports too
I give up ................
George
On the bright side aren't we supposed to be moving over to renewables, so perhaps HMG can claim it as a move in the right direction.
Re: Grangemouth- Scottish PetroChem Site
Posted: Thu Nov 23, 2023 7:30 am
by cycling_mike
AE-NMidlands wrote: ↑Wed Nov 22, 2023 7:19 pm
The company said Grangemouth had been facing significant challenges because of global market pressures.
Petroineos intends to turn the site into a fuels import terminal which would result in the loss of at least 400 jobs.
That's private business/capitalism for you. If there's no money in something it will be shut down. (see also British steelmaking)
Other countries' governments take a more strategic view when they are watching their economies...
The likely next government (Labour) and SNP do not want drilling for more oil in the North Sea so this feel like a pragmatic move guided by the political realities of net zero.
Re: Grangemouth- Scottish PetroChem Site
Posted: Thu Nov 23, 2023 8:45 am
by Ken
The guy that bought it/rescued it as a bargain basket case has queezed the pips and extracted value from it in the times of high prices and now folded it. A basket case is always so.