Grangemouth could be converted into leading green fuels hub, Swinney says

There is a realistic chance that one of the UK's largest oil refineries can be converted into a hub for green chemicals, sustainable fuels and plastics, Scotland's first minister says. Grangemouth oil refinery, which is being shut down by its UK and Chinese owners PetroIneos this year with the loss of 400 jobs, could become a world leader in low carbon chemicals and green fuels, John Swinney told media on Wednesday. The refinery's closure, after 100 years of production, is expected to hit up to 2,000 jobs in the east of Scotland. Trade union leaders and policymakers see Grangemouth as a casestudy in ensuring the transition from oil and gas is fair and just. Swinney said workers and local businesses faced "enormous difficulties".