Energy Secretary Ed Davey said that it was regrettable that the Grangemouth petrochemical plant is to close down, as he insisted there were robust contingency plans in place to meet Scotland’s energy needs.
Mr Davey said: “The Government is saddened by this move, particularly because of the uncertainty it will bring for the workforce and those who indirectly owe their livelihood to the Grangemouth petrochemicals plant. “The Government does not underestimate the plant’s importance both to the local community and to the Scottish economy.”
In an answer to an urgent question, he said: “While respecting Ineos’ right to make this decision, it is regrettable that both parties have not managed to negotiate a fair and equitable settlement that delivers a viable business model for the plant.”
He added: “Throughout this disruption, fuel suppliers are continuing to be delivered as usual. My department has been working closely with industry and the Scottish Government to put contingency plans in place.’’