Scotland’s Only Oil Refinery Set to Close in 2025

The Grangemouth refinery, Scotland’s only crude processing facility, is set to close in the second quarter of 2025, its owners confirmed on Thursday, as the refinery has been struggling to compete with the new complex facilities in Asia, Africa, and the Middle East. The Grangemouth refinery, which was opened by the predecessor of BP in 1924, expanded its production into petrochemicals in the 1950s.   However, the facility with a refining capacity of 150,000 barrels per day (bpd) has been unable to compete with the massive new refineries…