19/11/2025
UK GOVT POLICIES BLAMED FOR MOSSMORRAN PLANT CLOSURE
Exxon Mobil have blamed UK Government policies for contributing to the closure of its Mossmorran plant.
Prime Minister Sir Keir Starmer has said he will help support the workers there but his government will not sanction a bail out.
Hundreds of jobs are set to be axed when the Fife Ethylene Plant, is closed down February.
Starmer said the firm was losing £1m a week and that "every reasonable avenue" had been explored to keep the plant open.
Exxon Mobil, which said that there was not a "competitive future" for the site, confirmed 179 directly employed jobs would be at risk along with 250 contractors.
At Prime Minister's Questions, Tory leader Kemi Badenoch asked, "Is the loss of UK industry the price the country has to pay for having a clueless chancellor?"
The PM replied: "Let me just say about ExxonMobil, it is a difficult time for the workforce there and we must focus on supporting them.
"We've been meeting the company for over six months and have explored every reasonable avenue.
"They've been facing losses for the last five years - it's best to do the details before you chunter - and they're currently losing £1m a week."
Mr Paul Greenwood, Exxon Mobil chairman, said today that there were "four keys to success" in the ethylene business: cheap and abundant ethane, low-cost operations, good market prices and a highly skilled workforce.
He said that while he had a "brilliant workforce", the other conditions were not in place.
Mr Greenwood said that the UK government's commitment to not issue new licences for North Sea oil and gas exploration had contributed to higher ethane prices, while windfall taxes and emissions taxes had increased operating costs.
"We paid £20m last year in CO2 taxes, that will double in the next four or five years," he said.
"My international competitors do not have those costs.
"I also have to deal with high energy costs and those kind of things - so these are deliberate government policies that are undermining us."
First Minister John Swinney said the Scottish Government would do "everything we can to support the workforce" at a "deeply concerning time".
He added that he was pressing the UK government to address high energy prices and the cost of doing business.