Grangemouth Oil Refinery to Close

[otherclive]

I read today that the Scottish Grangemouth Refinery is to close in 2025. It is a significant part of Scotlands GDP and supplies products not only to Scotland but to Northern Ireland and the north of England too. (70% of Scotlands aviation fuel). The plan is to convert the site to import finished products , and the company's announcement indicates that the planned closure stems from the changing energy market. So when the new North Sea licences start to produce it looks as if their output may have to be shipped overseas for refining. Changing times eh?

 

[RogerL]

I read today that the Scottish Grangemouth Refinery is to close in 2025. It is a significant part of Scotlands GDP and supplies products not only to Scotland but to Northern Ireland and the north of England too. (70% of Scotlands aviation fuel). The plan is to convert the site to import finished products , and the company's announcement indicates that the planned closure stems from the changing energy market. So when the new North Sea licences start to produce it looks as if their output may have to be shipped overseas for refining. Changing times eh?

Change but no change - oil is traded globally with high quality oil being used for specialist purposes and lower quality oil being refined for road fuel - so North Sea oil will continue to be traded globally, ie exported, at a premium while lower quality oil will continue to be imported to English refineries and converted to road fuel.

 

[otherclive]

Change but no change - oil is traded globally with high quality oil being used for specialist purposes and lower quality oil being refined for road fuel - so North Sea oil will continue to be traded globally, ie exported, at a premium while lower quality oil will continue to be imported to English refineries and converted to road fuel.

On several occasions on the Forum there have been calls for more North Sea production to make UK more self sufficient and to isolate ourselves from price hikes. Consistently I have given a similar view to yours in that oil and gas are traded globally at global prices, and unless production was nationalised there’s little that HMG could do to influence prices, other than look at the tax take. Whereas with offshore electric, solar and nuclear there is the opportunity to make a break from global oil prices, and to be less strategically reliant on importing finish products.

 

[Dustydog]

I understand the spot price per barrel is at its source. I wonder how much the transport costs , handling and refining away from U.K. add to the final price?
Forgetting the Green thing, it seems a catastrophic mistake for a first world country to be dependant on others especially those with whom we do not live in full harmony😉

 

[Hutch]

When I worked in Nigeria, it was very common that a Small tanker would "hook up" to a supply unit offshore and disappear after several hours.
All in charge would know nothing.
Then Nigeria's refineries broke down, no money for repairs or maintenance and all oil was sent to Brazil for refining,
That refinery was owned by the President of Nigeria.
And the cost of oil is.

 

[otherclive]

Floating Platform Storage and Offloading (FPSO) “ships” are used throughout the world and in the North Sea to receive oil or gas from a field and then regularly offload it to a tanker for transit to a processing plant.

Floating production storage and offloading - Wikipedia

en.m.wikipedia.org

 

[Hutch]

Floating Platform Storage and Offloading (FPSO) “ships” are used throughout the world and in the North Sea to receive oil or gas from a field and then regularly offload it to a tanker for transit to a processing plant.

Floating production storage and offloading - Wikipedia

en.m.wikipedia.org

The old grey cells are going could not remember what FPSO, was, mind yo 4 pints of Rebellion, roasted nut doesn't help.

 

[Dustydog]

We as a Nation seem to have a Death Wish selling the Family Silver 😥

The refining business at Grangemouth is owned by Petroineos which is a joint venture between Chinese state-owned PetroChina and London-based Ineos.

Maybe our caravan industry should look over their shoulder? Yet the Elddis appear to have added nothing🤔

 

[otherclive]

We as a Nation seem to have a Death Wish selling the Family Silver 😥

The refining business at Grangemouth is owned by Petroineos which is a joint venture between Chinese state-owned PetroChina and London-based Ineos.

Maybe our caravan industry should look over their shoulder? Yet the Elddis appear to have added nothing🤔

Where are Sir Jim’s customers going to get fuel from for their Grenadiers, which must be awesome tow cars 😂

 

[RogerL]

Where are Sir Jim’s customers going to get fuel from for their Grenadiers, which must be awesome tow cars 😂

Many have cancelled their orders and ordered Defenders! Apparently the Grenadier is classed as a commercial vehicle and limited to 60mph on non-motorway dual carriageways.

 

[ProfJohnL]

Whilst I don't agree with extracting more oil, and selling it, it isn't entirely selling the family silver, it's a bartering tool, and to some extent it will offset the variable cost of importing fuel from elsewhere.

I'd say to some extent, because it will primarily benefit the extraction firms and HMG, I doubt it will have much impact on the price of fuel to the consumer.

 

[ProfJohnL]

Many have cancelled their orders and ordered Defenders! Apparently the Grenadier is classed as a commercial vehicle and limited to 60mph on non-motorway dual carriageways.

I wonder what aspects of the Grenadier has caused that classification?

But on the brighter side, it won't be subject to the tow ball height restrictions of normal cars!

 

[otherclive]

Grenadier website doesn’t define the Station Wagon as commercial.

 

[Buckman]

Many have cancelled their orders and ordered Defenders! Apparently the Grenadier is classed as a commercial vehicle and limited to 60mph on non-motorway dual carriageways.

I wonder if it can legally tow a caravan with a body length in excess 7m?

 

[otherclive]

I wonder if it can legally tow a caravan with a body length in excess 7m?

A similar question on towing vehicle v caravan > 7m was posted on another Forum back in 2014 and after much debate there was no consensus. The only one that can give a definitive answer is Ineos Grenadier.

 

[Buckman]

A similar question on towing vehicle v caravan > 7m was posted on another Forum back in 2014 and after much debate there was no consensus. The only one that can give a definitive answer is Ineos Grenadier.

I didn't think that the Ineos Grenadier was a round in 2014? My question revolved around the statement regarding that it may now be classed as a commercial vehicle.

 

[otherclive]

I didn't think that the Ineos Grenadier was a round in 2014? My question revolved around the statement regarding that it may now be classed as a commercial vehicle.

I was just commenting that a similar open ended question was asked by a member on CT Forum and after much debate there wasn’t a definitive answer. The Grenadier is new and from its website there are both commercial and car variants. I doubt anyone on this Forum can answer your question, that is why I suggested contacting Ineos Grenadier. What can a Defender ( old and new ) legally tow on the road?

 

[RogerL]

I wonder if it can legally tow a caravan with a body length in excess 7m?

Only if it's plated at over 3500 kg gross weight - in which case it needs a C licence to drive - and maybe a 56 mph limiter depending on version.