AROUND 400 jobs are at risk after the Lindsey oil refinery on Humberside, UK was placed into insolvency. The UK government has called for an immediate investigation into the directors’ conduct, while a trade union is urging swift government action.
The refinery, which Prax bought from Total in 2021, filed for insolvency on 29 June. The Insolvency Service confirmed today that three businesses are going into liquidation: Lindsey Oil Refinery Limited, Prax Storage Lindsey Limited and Prax Terminals Killingholme Limited.
Financial records show the refinery lost around £75m between 2021 and February 2024. The government said that Prax was…