The Lindsey oil refinery in northern England faces liquidation, a blow to the local economy it serves and also to an industry that has seen its fuelmaking capacity slowly whittled away in recent years.
The Prax Lindsey Oil Refinery Ltd., owner of the plant near the city of Hull, is subject to a winding-up order, according to a government statement. A liquidator has been appointed for the firm, as well as for Prax Storage Lindsey Ltd., and Prax Terminals Killingholme Ltd.
Other assets owned by State Oil Ltd., Prax’s parent, may be sold. Options will be considered “including the ...
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.