Coryton future looks more certain

The survival of Coryton oil refinery in Essex looked more secure today after Energy Minister Charles Hendry said there are still “strong levels of interest” from buyers. Coryton’s future was […]

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By Vicky Ellis

The survival of Coryton oil refinery in Essex looked more secure today after Energy Minister Charles Hendry said there are still “strong levels of interest” from buyers.

Coryton’s future was thrown into doubt after its parent company filed for insolvency last month.

Today after a third meeting of interested parties was attended by local politicians, unions and regulators, the Minister said: “The strong levels of interest in investing in Coryton reaffirm our belief that there is every chance that a sustainable long-term commercial solution can be found.

“I want to emphasise my ongoing appreciation for the collaborative approach taken by the Unions, the refinery’s management, the administrator and others involved.”