Tag #Refinery Closure

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forbes.com

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May 13, 19:13

Valero Refinery Closure in Benicia to Displace Hundreds, Exposing 'Just Transition' Shortcomings

Valero Energy will close its 170,000 barrels-per-day Benicia, California refinery in April 2026, resulting in over 400 job losses and a significant reduction in city revenue; past experiences show that retraining efforts often fail to provide comparable employment for displaced refinery workers.

Valero Refinery Closure in Benicia to Displace Hundreds, Exposing 'Just Transition' Shortcomings

Valero Energy will close its 170,000 barrels-per-day Benicia, California refinery in April 2026, resulting in over 400 job losses and a significant reduction in city revenue; past experiences show that retraining efforts often fail to provide comparable employment for displaced refinery workers.

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What are the immediate economic and social consequences of Valero's refinery closure in Benicia, California?

Valero Energy's closure of its Benicia, California refinery will displace over 400 workers by April 2026. This closure will also significantly impact Benicia's budget, reducing its general fund by $7 million and its enterprise fund by $2.9 million. The refinery's 900-acre site will become vacant.

foxnews.com

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Apr 23, 01:14

Valero's Benicia Refinery Closure Threatens California's Fuel Supply

Valero Energy Corp. announced the closure of its Benicia, California refinery by April 2026, eliminating 400 jobs and potentially causing a 20% reduction in California's refining capacity, leading to higher gas prices and fuel shortages; Rep. Vince Fong blames California's energy policies.

Valero's Benicia Refinery Closure Threatens California's Fuel Supply

Valero Energy Corp. announced the closure of its Benicia, California refinery by April 2026, eliminating 400 jobs and potentially causing a 20% reduction in California's refining capacity, leading to higher gas prices and fuel shortages; Rep. Vince Fong blames California's energy policies.

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What is the immediate impact of the Valero Benicia refinery closure on California's fuel supply and consumers?

Valero Energy Corp. will close its Benicia, California refinery in April 2026, eliminating over 400 jobs. This closure, coupled with others, will reduce California's refining capacity by 20%, potentially leading to higher gas prices and fuel shortages. Rep. Vince Fong blames California's energy policies for the closure.

bbc.com

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Feb 18, 22:08

£25M Scottish Fund for Grangemouth Refinery Closure

The Scottish government announced a £25 million "just transition" fund for Grangemouth following Petroineos's decision to close its refinery, resulting in over 400 job losses; this complements existing joint UK-Scottish funding and aims to facilitate the site's transition to a low-carbon energy hub ...

£25M Scottish Fund for Grangemouth Refinery Closure

The Scottish government announced a £25 million "just transition" fund for Grangemouth following Petroineos's decision to close its refinery, resulting in over 400 job losses; this complements existing joint UK-Scottish funding and aims to facilitate the site's transition to a low-carbon energy hub ...

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How do the Scottish and UK governments' collaborative efforts to support Grangemouth's transition relate to their broader energy and economic policies?

This funding is intended to support the transition of Grangemouth from an oil refinery to a low-carbon energy hub, as explored in Project Willow. The Scottish government believes the refinery closure is premature and detrimental to Scotland's net-zero goals, urging the UK government to match its investment to avoid significant economic disruption. The £1.5 million Project Willow report, due by month's end, will examine potential industries such as plastics recycling, hydrogen production, and sustainable aviation fuel.

cbsnews.com

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Apr 30, 22:13

Valero's Benicia Refinery Faces Closure, Redevelopment Planned

Valero plans to potentially close its Benicia, California refinery by April 2026, impacting 400 employees and significantly reducing Benicia's tax revenue; Signature Development Group is working on redevelopment plans.

Valero's Benicia Refinery Faces Closure, Redevelopment Planned

Valero plans to potentially close its Benicia, California refinery by April 2026, impacting 400 employees and significantly reducing Benicia's tax revenue; Signature Development Group is working on redevelopment plans.

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What are the immediate economic consequences of Valero's potential closure of its Benicia refinery, and how will it affect Benicia's employment and tax revenue?

Valero's Benicia refinery, holding 8.94% of California's crude oil capacity and employing over 400 workers, may cease operations by April 2026. Signature Development Group is collaborating with Valero to explore redevelopment options for the site, impacting Benicia's economy significantly as the refinery is its largest employer and tax revenue source.

dailymail.co.uk

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Feb 24, 01:08

£200 Million Grangemouth Investment Announced Amid Refinery Closure

The UK government announced a £200 million investment in Grangemouth's transition to green energy, aiming to save the site from closure and attract further private investment, despite the impending loss of 400 jobs at the refinery this summer.

£200 Million Grangemouth Investment Announced Amid Refinery Closure

The UK government announced a £200 million investment in Grangemouth's transition to green energy, aiming to save the site from closure and attract further private investment, despite the impending loss of 400 jobs at the refinery this summer.

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What is the immediate impact of the £200 million government investment on Grangemouth and its workers, given the impending refinery closure?

The UK government announced a £200 million investment in Grangemouth, Scotland's last oil refinery, aiming to attract an additional £600 million from the private sector for green energy transition. However, this comes after Petronineos, the refinery's owner, announced the closure of the refinery this summer, resulting in the loss of 400 jobs. The package includes support for affected workers, such as 18 months' full pay and job retraining.

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