Comments on INEOS’ decision

Edward Davey, UK Secretary of State for Energy and Climate Change has said the following on the recent decision made by INEOS:

‘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 in 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.’

Adapted from press release by Claira Lloyd

Read the article online at: https://www.hydrocarbonengineering.com/gas-processing/23102013/comments_on_ineos_decision/