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Potential Bidder Surfaces for Lindsey Oil Refinery Site

Government-appointed officials are pressing ahead with asset auctions following a decision that a whole-site takeover was not viable.

Overview

  • Lindsey refinery ceased oil processing on August 1 when crude supplies ran out and is now in wind-down under the Official Receiver.
  • Bids for individual site assets close on August 13, with the Insolvency Service reviewing offers for equipment and storage units.
  • Council leader Rob Waltham and MP Martin Vickers report an unverified party is seeking to purchase the entire site and restart refinery operations.
  • Remaining blending of final crude stocks is expected to extend fuel output into September and staff are contracted through October 31.
  • The government has said the closure will not significantly threaten UK fuel supplies and has offered a funded training guarantee for affected workers.