Petroineos to shutter Scotland refinery

Petroineos, a joint venture between Ineos and PetroChina, plans to convert its Grangemouth, Scotland, refinery to a fuel importation terminal. The company says that the refinery will continue running at least until early 2025 and that the facility has been facing market pressures. Petroineos is considering sustainable investments at the site, including building a biorefinery. Due to dwindling supplies of natural gas from the North Sea, Ineos converted the feedstock at its Grangemouth ethylene cracker to ethane imported from the US in the middle of the last decade.