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Chamber and committees

Official Report: search what was said in Parliament

The Official Report is a written record of public meetings of the Parliament and committees.  

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Dates of parliamentary sessions
  1. Session 1: 12 May 1999 to 31 March 2003
  2. Session 2: 7 May 2003 to 2 April 2007
  3. Session 3: 9 May 2007 to 22 March 2011
  4. Session 4: 11 May 2011 to 23 March 2016
  5. Session 5: 12 May 2016 to 5 May 2021
  6. Current session: 12 May 2021 to 25 August 2025
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Displaying 2257 contributions

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Economy and Fair Work Committee

Petroineos Grangemouth

Meeting date: 13 November 2024

Michelle Thomson

You said in your opening statement that you are making a loss, so I will pick up on some of the internal mechanisms in the plant. Why is the hydrocracker not fully operational and what would be the impact on your margins if it were?

Economy and Fair Work Committee

Petroineos Grangemouth

Meeting date: 13 November 2024

Michelle Thomson

But you brought forward the date from what was originally planned, which is on the public record. It was a shock to find out that we are now in this position. The date was brought forward from what the data was telling you that it should be and what you were telling both the UK Government and the Scottish Government about that.

Economy and Fair Work Committee

Petroineos Grangemouth

Meeting date: 13 November 2024

Michelle Thomson

Okay, we will see about that. Thank you very much. I might come in again later, convener, if that is okay.

Economy and Fair Work Committee

Interests

Meeting date: 13 November 2024

Michelle Thomson

Good morning, and welcome to the 29th meeting in 2024 of the Economy and Fair Work Committee. We have received apologies from Willie Coffey.

Our first item of business is a declaration of interests by Daniel Johnson as a newly appointed member of the committee, replacing Claire Baker. Before I ask him to declare any relevant interests, I want to put on record the committee’s thanks to Claire Baker, who has been our convener since the start of this session, for her contribution to the work of the committee.

I welcome Daniel Johnson to the committee and invite him to declare any relevant interests.

Economy and Fair Work Committee

Consumer Scotland

Meeting date: 13 November 2024

Michelle Thomson

That is a difficult role. Do you have any final points, Sam?

Economy and Fair Work Committee

Petroineos Grangemouth

Meeting date: 13 November 2024

Michelle Thomson

With all due respect, I was not asking a political question; I was simply asking what would need to happen for you to pause the process. I think that you are alluding to only one element—incidentally, I do not have the cheque book of either the UK Government or the Scottish Government; I am simply floating this.

In your answer, you alluded to some kind of financial benefit, which you highlighted would need to be considerable. Am I correct in saying that you were suggesting that that could be a consideration?

Economy and Fair Work Committee

Petroineos Grangemouth

Meeting date: 13 November 2024

Michelle Thomson

I have a final question that brings me back to some of the themes that I followed up earlier. When I asked you what needs to happen for there to be a pause, my recollection—you can correct me if I am wrong—is that, during our exchange, you said that financial incentives might have been a consideration, but you suggested that we were nearly at the point of no return. I think that that is what you said.

Economy and Fair Work Committee

Petroineos Grangemouth

Meeting date: 13 November 2024

Michelle Thomson

Thank you.

Economy and Fair Work Committee

Convener

Meeting date: 13 November 2024

Michelle Thomson

Congratulations on your appointment, Colin. I think that it is time for you to take the chair.

Economy and Fair Work Committee

Petroineos Grangemouth

Meeting date: 13 November 2024

Michelle Thomson

Okay. We look forward to hearing more about that.

My last question is on project willow, which you have referenced. An issue for people on the outside looking in—and one that we raised in this committee when we looked at the just transition—is that the governance of the Grangemouth future industry board was at that point a little uncertain. I know that things have now changed and that there is dual convenership between the UK Government and the Scottish Government, but the board’s operation with regard to its accountabilities and responsibilities is still not clear to me.

It seems to me that, given Ineos’s role at the heart of absolutely everything and in driving project willow, you have been able to adopt a highly successful hedge position. You will win if you win, and you will also win if you do not win, because you are absolutely at the heart of all measures that are driving Falkirk district forward, whether it be the Forth green freeports, what has happened with project willow and so on. How have you personally, or as a company, assessed the risk of a conflict of interests between yourselves being at the heart of all those things and what is best for the wider area, including the community of Grangemouth?