Public-private partnership proposal made for oil refinery

A PROSPECTIVE buyer for Lindsey Oil Refinery has put forward a new proposal, calling on the Government to join forces in a public-private partnership to run the refinery.

- By IVAN MORRIS POXTON Local Democracy Reporter

Investor Marc Amram, who leads an investment consortium that has expressed interest in acquiring the refinery, has issued a direct call to the Labour Government to take up the proposal.

Under Mr Amram's proposal, the UK Government would retain ownership of the refinery, ensuring British control over a strategic national asset, while the revival and operation would be fully financed by private equity. It is contended the public-private partnership would protect British jobs, safeguard national energy security, and revive a critical UK refinery, without costing the taxpayers a penny.

The plan promises to deliver new investment, secure employment, and reduce dependence on costly fuel imports, all while protecting public funds. "This is a moment for leadership and partnership," said Mr Amram, speaking on behalf of his investment consortium.