Question to the Department for Energy Security & Net Zero:

To ask the Secretary of State for Energy Security and Net Zero, what information his Department holds on the potential amount of funding required to keep the Grangemouth oil refinery in operation for the next 12 months.

Grangemouth refinery is a private business owned by Petroineos. Petroineos stated that its shareholders have invested more than $1.2bn since 2011 to maintain the refinery’s safe operation, recording losses in excess of $775m during the same period. The company made clear that there was no viable commercial future for the refinery operation at Grangemouth.