'Binding deal' for Lindsey Oil Refinery expected in coming weeks

WORKERS GUARANTEED EMPLOYMENT UNTIL THE END OF MARCH

- By IVAN MORRIS POXTON

IT is understood a 'binding deal' for Lindsey Oil Refinery is expected in coming weeks.

It has also been confirmed that workers that remain directly employed at the refinery are guaranteed employment until the end of March.

Lindsey Oil Refinery, near North Killingholme, became overseen by the independent Official Receiver on June 30 after Prax Group companies entered administration. FTI Consulting are also acting as special managers.

Last week, Brigg and Immingham MP Martin Vickers (Conservative) got his debate on the future of the oil refinery sector in Parliament and again pressed the case for the future of Lindsey Oil Refinery.

During this, he stated he understood the Government had said there will be no further redundancies until the end of March.

This has now been confirmed to Grimsby Live. An Insolvency Service spokesperson said: "A further 250 employees remain at the site. They are guaranteed employment until the end of March 2026."

The sales process for the refinery site is continuing with bids being assessed.

Grimsby Live understands that the Official Receiver expects to reach a binding deal in the coming weeks.