Question to the Department for Energy Security & Net Zero:
To ask His Majesty's Government what actions they are taking to address international competitiveness in the oil refining sector, and to avoid further job losses, following the closure of Grangemouth Refinery and the insolvency of Lindsey Oil Refinery.
The refining sector is a vital part of the UK’s economy, and the Government is determined to work with industry to ensure UK refineries remain internationally competitive. That is why this Government has announced an urgent review of the methodology for the Energy Intensive Industries Compensation Scheme, helping to assess future coverage for the sector.
We have also invested in carbon capture, usage and storage projects and implemented the Sustainable Aviation Fuel Mandate, enabling the refining sector to maximise the opportunities created by the clean energy transition.
My Honourable Friend Minister Shanks met the refinery sector in June to discuss these issues and will continue to engage with the industry to address long-standing issues.