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There could be a possible buyer for the troubled Coryton oil refinery in Essex, ...

There could be a possible buyer for the troubled Coryton oil refinery in Essex, UK, according to Unite, the largest union in the country. Unite national officer, Linda McCulloch said: ‘We understand that there is a possible buyer for Coryton. We can’t say who it is at present as that might jeopardise any negotiations. We understand the possible purchaser has made contact with the government.’ Unite had earlier called on the government to follow the example of the French government and act in the national interest by giving state aid to keep Coryton running until a viable buyer can be found. McCulloch said: ‘At a time when there is concern about the future security of fuel and energy supplies to the UK, ministers need to act in the national interest and be prepared to step in to safeguard Coryton until the plant has a new owner. Coryton is too important to the economy, nationally and locally, and to fuel supplies to be allowed to close.’ [The UK government subsequently declined to provide any short-term state aid.] Thurrock Council has commissioned an economic impact assessment on the closure or change of use of the site. Initial indications point to the loss of £30mn in wages, £26mn in contractor costs, £6mn in locally sourced materials, as well as £40mn spent on chemicals and utilities, plus £5mn in business rates.
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