Question to the Department for Energy Security & Net Zero:
To ask His Majesty's Government what assessment they have made of the impact of the closure of Grangemouth Refinery on UK energy self-sufficiency.
The owners of Grangemouth refinery, Petroineos, recently announced that they were putting in place the enabling works for a future transition to an import terminal. Petroineos have not taken a decision on when refining operations will cease but they anticipate they will continue until at least May 2025.
The impact of a cessation of refining operations on UK energy self-sufficiency will depend on the supply and demand for fuels at the time. The Government’s Net Zero policies to increase use of electric vehicles and renewable transport fuels, will progressively reduce demand for conventional fuels.
The UK already both imports and exports fuels to balance demand and supply. The Petroineos plans should continue to ensure that customer needs are met.