ExxonMobil to close Scotland chemicals plant, cut 200 jobs

Investing.com -- ExxonMobil plans to shut down its Fife Ethylene Plant in Scotland in February 2026, resulting in approximately 200 job losses, according to a company statement reported by the Financial Times.

The oil giant said it had explored various alternatives to maintain operations at the facility, including searching for potential buyers. However, these efforts proved unsuccessful.

"We considered various options to continue production and tested the market for a potential buyer, but the UK’s current economic and policy environment combined with market conditions, high supply costs and plant efficiency do not create a competitive future for the site," ExxonMobil stated.

The closure decision comes after the company determined the plant could no longer operate competitively given the challenging business conditions in the UK.

The shutdown will be subject to a full employee consultation process before being finalized, according to the company.

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