Grangemouth could be converted into leading green fuels hub, Swinney says

Scotland's first minister speaking as report suggests up to 1,200 jobs could be created - but too late for refinery's workers

There is a realistic chance that one of the UK's largest oil refineries can be converted into a hub for green chemicals, sustainable fuels and plastics, Scotland's first minister says.

Grangemouth oil refinery, which is being shut down by its UK and Chinese owners PetroIneos this year with the loss of 400 jobs, could become a world leader in low carbon chemicals and green fuels, John Swinney told media on Wednesday.