Fuels Industry Comment on the Insolvency of Prax Lindsey Refinery

Fuels Industry Comment on the Insolvency of Prax Lindsey Refinery

Following the news that the Prax Lindsey Oil Refinery has been placed under administration today, Elizabeth de Jong, Chief Executive Officer of Fuels Industry UK has said:

“It is hugely sad to hear that the refinery at Lindsey has begun insolvency proceedings, which is another blow for the UK's refining sector following the closure of Grangemouth refinery just months ago. 

We have told UK Government the severe challenges that our sector faces and the policy changes that can keep our remaining refineries competitive. We must now see a shift towards delivering the changes that can make a difference – inclusion in the Carbon Border Adjustment Mechanism and addressing hugely expensive industrial energy and carbon costs - to put us on an even playing field with the rest of the world.”

ENDS

Notes to Editors:  

• Fuels Industry UK represents oil refining and marketing companies that operate the five major oil refineries in the UK and source over 90% of the transport fuels used. Fuels Industry UK members also own around 1,250 of the UK's 8,000+ filling stations. 
• The Insolvency Service statement can be found here.