Thursday, April 18, 2024

MEP in crisis talks at Petroplus with workers and management

EAST OF ENGLAND and Thurrock MEP, Richard Howitt travelled to Petroplus in Corringham yesterday (Friday) for talks with management and staff.

The MEP spent two hours with both groups flanked by Unite rep, Russ Ball.

The crisis started at the end of December when the company disclosed that its lenders, a group of 13 international banks, had withdrawn its credit lines of $1 billion. The company needs the financing to supply its refineries with crude oil.

Since then, a temporary arrangement has been in place.

After the meeting, a spokesperson for Petroplus said: “All the businesses are in a difficult situation and it is not appropriate for Coryton to comment other than the information in our corporate news release.

“What we can say is that we are very appreciative of all the support we have received from our employees, contractors on site, our local MP Stephen Metcalfe and Richard Howitt MEP.

After the meeting, YT spoke to Mr Howitt and Mr Ball about the talks.


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