Oil refinery to shut after no buyer found

The government has been unable to find a buyer for troubled Lindsey Oil Refinery in North East Lincolnshire An oil refinery is to shut after the government said it was unable to find a buyer for it.

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The Official Receiver took over the Lindsey Oil Refinery in North East Lincolnshire last month after its owner Prax went into administration, putting 420 jobs at risk.

Energy Minister Michael Shanks said "no credible offers have been made to purchase the entire refinery and it will be winding down operations".

Prax Group, which is led by chairman and chief executive Sanjeev Kumar Soosaipillai, purchased the refinery from French company Total in 2021.