Grangemouth Refinery Closure Spurs £3.5 Billion Low-Carbon Transformation Plan

The Project Willow report outlines nine potential projects to repurpose the site, with government funding pledged but significant private investment still required.

The Grangemouth oil refinery, Scotland's last, is set to close this year, resulting in the loss of 400 jobs and affecting thousands in related industries.
The Project Willow report proposes a £3.5 billion investment to transform the site into a low-carbon industrial hub, with nine potential projects identified.
Governments have pledged £225 million in funding, but the majority of the required investment must come from the private sector.
Union leaders are advocating for prioritizing the sustainable aviation fuel (SAF) project, which could cost £2.1 billion and potentially save jobs.
Critics question the feasibility of the proposed projects, citing high costs, risks, and the long timescales required to deliver significant employment benefits.