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Prax Lindsey Oil Refinery 2025-06-30

30 June 2025

Lead MP

Michael Shanks

Debate Type

General Debate

Tags

EconomyEmploymentClimate
Other Contributors: 16

At a Glance

Michael Shanks raised concerns about prax lindsey oil refinery 2025-06-30 in the House of Commons. A government minister responded. Other MPs also contributed.

How the Debate Unfolded

MPs spoke in turn to share their views and ask questions. Here's what each person said:

Lead Contributor

Opened the debate
The Parliamentary Under-Secretary of State for Energy Security and Net Zero has declared the Prax Lindsey oil refinery's insolvency, urging support for workers and community. The Government will work with official receivers to manage operations and explore options. The company has recorded £75 million in losses since acquisition in 2021; other parts of its business continue trading normally.

Government Response

EconomyEmploymentClimate
Government Response
The Minister has outlined urgent actions to manage the situation at the Prax Lindsey oil refinery site, including exploring all credible options for a sale. He commits to reviewing compensation schemes and investing in carbon capture projects to support the refining sector. The Government will back the official receiver running the refinery short-term to find a buyer, investigate director conduct, oppose volatile fossil fuel prices, and support energy transition towards renewables and nuclear for cheaper electricity. Emphasises engagement with trade unions and industry. Emphasised the Government's commitment to ensuring safe operations at the refinery while exploring buyer interest or alternatives. Announced funding for the official receiver and stated willingness to consider eligibility criteria changes for the British Industrial Competitive Scheme. Acknowledged the need for strategic planning for future oil and gas supply chains. The Government is working on supporting industries through initiatives like carbon capture, storage, hydrogen investments, and supply chain infrastructure. The Minister emphasises that businesses need to be profitable and acknowledges the complexity of the refinery closure without assigning blame solely to government policy.

Shadow Response

Andrew Bowie
Shadow Response
The shadow minister criticises government policies for driving up energy costs and increasing reliance on imports. He questions the long-term plans for refineries, including Prax Lindsey, and demands action to support remaining UK refineries.
Assessment & feedback
Summary accuracy

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