UK's Lindsey Oil Refinery Owned by Prax Group to Close After Insolvency; 420 Jobs at Risk, Government and Glencore Restart Fuel Deliveries

The Lindsey oil refinery in northern England, owned by the privately held Prax Group, entered insolvency proceedings over the weekend of June 28-29, 2025. The insolvency process put approximately 420 jobs at risk. The UK government demanded a probe into the insolvency and engaged in discussions with Glencore to maintain crude oil supply to the facility. A deal was reached in early July to restart fuel deliveries from the refinery, which resumed operations by July 8, 2025. However, by late July, no buyer was found for the site, leading Energy Minister Michael Shanks to announce that the refinery would close down and would not continue as a going concern. In response, the UK's Unite Union called for urgent government intervention to secure the refinery's future. Some stakeholders suggested that the government should consider purchasing the refinery for £1 to preserve critical infrastructure and fuel supply security, rather than subsidizing a new buyer.