Study into Grangemouth future

Plans for the long-term future of Grangemouth have been revealed.

A study has set out nine options for its future.

It includes plastics recycling and hydrogen production.

More than 400 people are to lose their jobs this year as the refinery shuts down.

The Scottish Government has committed £25 million to the area, while the UK Government has pledged £200 million of investment.

It's hoped the new plans can create up to 800 jobs by 2040.

First Minister John Swinney said:

“We will leave no stone unturned in order to secure the future of the Grangemouth refinery site, and the Scottish Government has already committed or invested a total of £87 million to help do so.

“Grangemouth is home to over a century of industrial expertise and employs thousands of highly skilled workers, placing the site at a massive competitive advantage and creating a unique opportunity for investors.

“Everyone working at Grangemouth’s refinery – and in the wider industrial cluster - is a valued employee with skills that are key to Scotland’s economic and net zero future.

“This report sets out a wide range of viable alternatives for the refinery site, demonstrating that a long term, new industrial future at Grangemouth is achievable. We will continue to work closely with the UK Government to realise these opportunities and Scottish Enterprise stands ready to support inward investors looking to progress any of these technologies.”

UK Energy Minister Michael Shanks said:  

"We committed to leaving no stone unturned in supporting an industrial future for Grangemouth delivering jobs and economic growth. 

"This report and the £200 million investment by the UK Government demonstrates that commitment. 

“We will build on Grangemouth’s expertise and industrial heritage to attract investors, secure a long-term clean energy future, and deliver on our Plan for Change.”