News story

Edward Davey statement on Grangemouth

This news article was published under the 2010 to 2015 Conservative and Liberal Democrat coalition government

Edward Davey's response to the INEOS announcement that the Grangemouth petrochemicals business is to go into administration.

“I am saddened to hear of INEOS’ plans to place petrochemicals business into administration, particularly because of the impact it will have on the workforce and local community.

“While respecting INEOS’ right to make this decision, it is regrettable that both parties have not managed to negotiate a fair and equitable settlement that delivers a viable business model for the plant.

“Even at this late stage, I urge INEOS to continue dialogue with the workforce, and Government will offer help and support with this.

“INEOS have informed us that the refinery will stay open and the management wish to restart full operations as soon as possible. “We stand ready to help with discussions between the management and the union to ensure this can happen.

“Fuel supplies continue to be delivered as usual and there is no current risk of disruption to supplies.

“I continue to work very closely with the Scottish Government, and other colleagues across Government to share information with them.”