The original company behind one of Britain’s largest oil refineries has fallen into the administration, causing immediate concerns over the country’s fuel supply and the livelihood of hundreds of workers.
State Oil, the owner of the Lindsay Refinery in the north Lincolnshire Through the subsidiary of its Prax group, the administrator appointed on Monday.
The move was rapidly made by a separate winding-up order issued against Lindsay Oil Refinery and its respective businesses, with a liquidator now appointed.
The collapse directly affects more than 180 employees employed by state oil, with an estimated 440 workers in the Lindsay Refinery.
Trade Union Unite has called immediately Government The intervening, warning that the firm’s failure could severely threaten the UK oil supply, leaving the country on the “cliff age”.
The situation is particularly important that the Lindsay site is one of the remaining only five major oil refineries in the UK, which is after the recent closure Grengumouth Plant in Scotland.
United general secretary Sharon Graham Said: “Lindsay oil refinery is strategically important and Government Immediate intervention should be intervened to protect the supply of workers and fuel.
“Unite has constantly warned the government that its policies have placed the oil and gas industry on the edge of a rock.
“It has failed to do the task and instead has put its fingers in your ears.
“The government requires a short -term strategy to operate Lindsay and a permanent long -term plan to protect all oil and gas workers completely.”
Energy Minister Michael Shanex stated that the firm’s collapse was “deeply related” and said the company had left the government with “very short to work”.
He said: “There have been issues with this company for a long time and workers have been badly disappointed.
, Secretary of State Writing today Insolvency service Demanding immediate investigation under the conditions of the conduct of directors and the circumstances of this bankruptcy.
“The government will ensure that the supply is maintained, our energy security is protected, and we can do everything to support workers and local communities, including connecting with trade unions and industry bodies.”
He said: “The government believes that there is a responsibility for the workers and the local community under the leadership of the business.
“We ask them to do the right thing and support the workers through this difficult period.”
Built in 1968, the Lindsay refinery can process about 113,000 barrels of oil in a day.
State Oil & Prox Joint Administrator Claire Boardman said: “We appreciate that it is very difficult and indefinite time for employees and everyone involved and we will be on the site to support them during this challenging period.
“We will consider all options for the group, including the possibility of sales for the group’s upstream business and retail operations, such as petrol stations, in the UK and for retail operations. EuropeThose who live outside the bankruptcy.
“We thank the group members and other stakeholders of the group for their constant support.”
The prax group was not immediately available for comments.
