The Committee previously held an inquiry into a Just Transition for the Grangemouth area, looking at how to support, incentivise and de-risk the transition in a way that benefits both businesses and individuals. The Committee's report was published on 21 June 2023.

In September 2024, Petroineos announced that the Grangemouth refinery would transition into a finished fuels import terminal and distribution hub during the second quarter of 2025. An assessment commissioned by the Scottish Government of the Grangemouth Refinery's recent economic contribution was published in October 2024.

Following publication of this assessment, the Committee invited INEOS Grangemouth and Petroineos Manufacturing Scotland Ltd to give evidence and provide an update on developments. The Committee also heard from Unite the Union and GMB Scotland, the two main trade unions representing workers at the site.

In March 2025, Project Willow, a feasibility study into different industrial options for the future of Grangemouth, was published. This was jointly-funded by the UK and Scottish Governments.

Following the publication of Project Willow, the Committee intends to hold additional evidence sessions.