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One of Europe’s Oldest Refineries to Halt Operations. Scotland’s only refinery, the 150,000 b/d Grangemouth plant operated by PetroIneos, is expected to shut down by spring 2025 with the operator seeking to revamp it into a diesel import facility.
The article shared by @ducati916 highlights a concerning trend, where some countries have increasing global competition, particularly from Asia and the Middle East when it comes to energy supply.
This shift towards importation rather than self-sufficiency is a worrying sign for any region or country's energy security. It's a reminder that the world is increasingly interconnected, and the decisions made by one country can have far-reaching consequences for others.
It's important to recognise that this change is not a step towards energy independence, but rather a sign of increasing reliance on others for energy needs.
This trend is not unique to Europe, as many countries are grappling with the challenges posed by the energy transition. It's a complex issue that requires careful consideration and planning to ensure that the needs of the present are met without compromising the ability of future generations to meet their own needs.
In conclusion, the shutdown of the Grangemouth refinery is a significant development that highlights the ongoing changes in the global energy landscape. It serves as a reminder that countries must be proactive in addressing their energy needs and work towards achieving energy independence, rather than relying solely on imports from other nations.
Skate.