Prax Lindsey oil refinery bought out of administration by US rival
by Lauren Almeida from World news | The Guardian on (#72K9T)
Insolvency Service says 250 staff remaining at Lincolnshire site will be guaranteed jobs until the end of March
The Prax Lindsey oil refinery in north Lincolnshire is to merge with a neighbouring former rival after the US energy company Phillips 66 bought the site, which collapsed into administration last summer.
The US company plans to integrate the Prax operations with the nearby Humber refinery, which it already owns. It said it would not restart standalone refinery operations" at the Lindsey site in North Killingholme as this was not viable in [its] current form".
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