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Coryton refinery to close

Hundreds of jobs will be lost when the refinery closes. Credit: ITN

Administrators have confirmed the Coryton refinery in Essex will will no longer refine oil after they failed to find a buyer to keep the plant going. PricewaterhouseCoopers have now sold it to a consortium who will convert it into an import terminal. Staff there will be made redundant.

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Administrators say 180 jobs at risk in Essex oil refinery

The refinery employs around 500 full-time staff and 350 contractors Credit: ITN

Adminstrators overseeing the closure the Coryton Oil Refinery say around 180 jobs are to go next week. The Government has so far refused calls to keep the Essex plant open with state funds, in the hope that a buyer might be found.

The refinery employs around 500 full-time staff and 350 contractors. A public meeting in Basildon tonight will discuss ways that Coryton's closure may yet be averted.

Government says it will not help Coryton refinery

The Coryton refinery's parent company has gone into administration. Credit: ITN

The Union union has criticised the Government after it decided not to apply for the European Commission's permission to use state funds to help the Coryton oil refinery. The refinery's parent company went into liquidation in January putting hundreds of jobs at risk.

The Government could have subsidised the refinery until a new buyer was found, but it would have needed to get EU permission first. However, the Department for Energy and Climate Change has decided not to go ahead and said it would not be sustainable to provide help.