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Essex County Council has today pledged its support to the Thurrock Council taskforce being set up following the announcement of the possible closure of the Coryton Oil Refinery.
The site’s administrators Price Waterhouse Coopers announced yesterday that they had been unable to find a buyer for the refinery and were seeking to start negotiations with unions and employers over its closure.
This would mean the loss of up to 500 jobs at the refinery and impact on other companies providing services to the site.
The news that the administrators of the Coryton Oil Refinery have announced that they are to close it has been greeted with dismay by Essex Chambers of Commerce.
The announcement that the Coryton oil refinery in Essex cannot be saved as a "going concern," with consultations starting on 500 redundancies, has been called a "bitter blow" by the Euro MP who was leading the campaign to save it.
Labour's Richard Howitt MEP said he had written to the Energy Minister last week and spoken personally with the Government urging them to intervene "before it is too late" but said his appeal had "fallen on deaf ears."
The Government's described news of the closure at Coryton as disappointing and particularly bad news for workers.
It says Coryton’s workforce is highly skilled and should be well-positioned to take advantage of new opportunities.
An oil refinery which went bust is to close after administrators failed to find a buyer or the cash needed to keep it going, putting around 850 jobs at risk.
The Coryton plant in Essex, which supplies 20% of fuel in London and the South East, went into administration earlier this year.
Administrators Price Waterhouse Coopers said the site would be wound down over the next three months after the challenge of raising the £625 million needed to fund the refinery proved too much.
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An oil refinery which went bust is to close, putting 850 jobs at risk.