BP has announced that it is to restructure operations at its Grangemouth refinin ...

BP has announced that it is to restructure operations at its Grangemouth refining and petrochemical complex in Scotland. The move is part of a series of initiatives and investments aimed at ‘radically’ improving the plant’s ability to compete in an increasingly difficult international refining and chemicals environment. The restructuring programme is expected to result in the loss of up to 1,000 jobs. The restructuring will ‘streamline Grangemouth’s three main businesses - refining, petrochemicals and the Forties pipeline terminal - into a single organisation, designed to simplify site operations while increasing reliability and efficiency,’ states BP. As part of the plan, the company will also shut down an older polyethylene production unit, Rigidex 2, within the chemicals plant, and the oldest and smallest of the three crude distillation units, CDUI, in the refinery.