11 June 2012 12:16 [Source: ICIS news]
LONDON (ICIS)--The closure of Petroplus' Coryton refinery in the UK will impact the region's prospects of economic recovery and affect more jobs than the 900 currently threatened, Richard Howitt, a British member of the European parliament (MEP), said on Monday.
Speaking at a public protest against the closure, Howitt said public support is essential to force the government to end its refusal to intervene to save the threatened refinery.
The shut down of the refinery started Monday after administrators PricewaterhouseCoopers (PwC) failed to find a new buyer by the mid-May deadline.
In January, Switzerland-based Petroplus said it would file for insolvency after lenders froze about $1bn (€800m) in credit lines in late December 2011. The insolvency affected Petroplus’s five refineries in ?xml:namespace>
"It's everyone’s job that's at stake if nearly a thousand workers and their families lose their livelihoods, in an area where businesses have been suffering more than most,” said Howitt.
"The government accepts that the Thames Gateway [transport and logistics gateway for the
"Government representatives repeatedly told us that best efforts were being made to find a new buyer, but today's protest shows that today no-one believes they were telling the truth," said Howitt.
($1 = €0.80)
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
Asian Chemical Connections