Petrochemicals: Production and Refineries
The question
To ask the Secretary of State for Energy Security and Net Zero, what steps he is taking to support a) domestic refining and b) petrochemical production capacity.
Answered by Martin McCluskey
The Government recognises the critical role UK refineries are playing in ensuring our fuel security and resilience, national security and supporting economic growth and jobs. We also recognise that refineries produce industrial feedstocks critical to other industrial sectors including the petrochemicals sector.
The Government is committed to a long-term future for the UK’s refining sector. We are engaging with them to explore what steps can be taken to further support the sector, including considering the feasibility and impacts of including refined products in the Carbon Border Adjustment Mechanism in the future, and have recently concluded a call for evidence to shape the UK’s long-term strategy for the downstream oil sector.
The Government is committed to supporting the chemicals sector which is important for our supply chains. We will bring forward a £350m Critical Chemicals Resilience Fund for the chemicals industry to support critical chemicals manufacturing and help decarbonise parts of the sector.
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