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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 4 May 2021
  6. Current session: 13 May 2021 to 15 September 2025
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Displaying 2438 contributions

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Economy and Fair Work Committee

Petroineos Grangemouth

Meeting date: 13 December 2023

Stephen Kerr

But do you understand that that is the nature of the calculation of the impact?

Economy and Fair Work Committee

Petroineos Grangemouth

Meeting date: 13 December 2023

Stephen Kerr

If your seven times multiplier is right, we are talking about thousands of jobs.

I was interested in your reply to Brian Whittle about the background to the decision. Why on earth, given your response to Brian Whittle, did Andrew Gardner, your chairman, make the extraordinary statements that he made just a month before the announcement of the closure? He said that the future of Grangemouth was on the line because of the policies that were being pursued by the SNP and Labour.

Economy and Fair Work Committee

Petroineos Grangemouth

Meeting date: 13 December 2023

Stephen Kerr

It was reported by a number of outlets. I have in front of me a report from The Daily Telegraph, but there are direct quotes.

Economy and Fair Work Committee

Petroineos Grangemouth

Meeting date: 13 December 2023

Stephen Kerr

I will be very brief, but people are rightly concerned about this. It is widely known by analysts—including Alan Gelder, who is an analyst at Wood Mackenzie—that the hydrocracker unit that produces the diesel at Grangemouth went down in April and has not come back up. Diesel is the most profitable product line that comes out of the refinery, if I understand correctly. Why has the hydrocracker unit not been put back online?

Economy and Fair Work Committee

Petroineos Grangemouth

Meeting date: 13 December 2023

Stephen Kerr

They had been aware for “well over a year.” Thank you.

Economy and Fair Work Committee

Petroineos Grangemouth

Meeting date: 13 December 2023

Stephen Kerr

I am sorry—perhaps my question was not clear. Who is undertaking the economic impact assessment, and when is it likely to be published and made available? Those are my critical questions.

Economy and Fair Work Committee

Petroineos Grangemouth

Meeting date: 13 December 2023

Stephen Kerr

So you are responsible for producing the economic impact assessment?

Economy and Fair Work Committee

Petroineos Grangemouth

Meeting date: 13 December 2023

Stephen Kerr

I asked the previous panel about the status of the hydrocracker, a component that is key to the running and profitability of the refinery. What has Petroineos told you about what will happen to the hydrocracker?

Economy and Fair Work Committee

Petroineos Grangemouth

Meeting date: 13 December 2023

Stephen Kerr

Are you content that that is the intention of the business?

Economy and Fair Work Committee

Petroineos Grangemouth

Meeting date: 13 December 2023

Stephen Kerr

I think the announcement came as a great shock to the people of the area. I understand what you are saying about the macro position, markets and the rest, but it came as a big shock to people who live in the area that it is very likely—in fact it is almost certain—that the refinery will close in spring 2025.

When will the Government be in a position to publish an assessment of the economic impact of the closure? At the moment, as Colin Smyth said earlier, the implications and ramifications of the refinery closure are not very clear. When will the Government produce its economic impact assessment?