DiscoverMarkets & Money Today | 2 Min News | The Daily News Now!Phillips Sixty-Six Buys UK Refinery, Plans Closure
Phillips Sixty-Six Buys UK Refinery, Plans Closure

Phillips Sixty-Six Buys UK Refinery, Plans Closure

Update: 2026-01-05
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Phillips Sixty-Six Acquires Lindsey Refinery, Plans to Shut Down: Outrage from Unions and WorkersAn American oil giant, Phillips Sixty-Six, has purchased the Lindsey refinery in Lincolnshire, UK, but plans to close it down. The refinery, which supplied 10% of the countrys fuel, went into administration after its owner collapsed. Phillips Sixty-Six aims to integrate some parts into their Humber refinery nearby. The acquisition has sparked outrage from unions and workers, with union leaders blaming the Labour governments net zero policies and demanding job protections. The refinerys fall comes after its previous owners, who paid themselves millions in dividends despite losses, left behind significant debts. Phillips Sixty-Six claims the deal secures some jobs and boosts the local economy, while industry experts warn of potential closures without policy changes. Checkout Solipillow.com

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Phillips Sixty-Six Buys UK Refinery, Plans Closure

Phillips Sixty-Six Buys UK Refinery, Plans Closure