US EditionRedundancies begin at UK's largest bioethanol plant after government rejects bailout
Vivergo's closure will end production of bioethanol and animal feed, risking 160 jobs and thousands in the supply chain due to cheaper US ethanol imports and lack of government support.
- On Tuesday, Associated British Foods announced the closure of Vivergo, its UK bioethanol plant in Hull, and began laying off its 160 employees.
- With the government refusing support on Friday after weeks of talks, increased US bioethanol imports undermine ABF’s competitiveness, leading to the plant's closure.
- Numbers reveal the plant supports over 160 skilled jobs and around 4,000 supply chain roles in Hull and East Riding, amid financial losses.
- On Tuesday, around 60 staff received redundancy letters and will leave the site, while the remaining workers exit in phases over the coming months.
- Looking ahead, the other UK bioethanol site at Redcar, owned by Ensus, awaits government support for its CO2 production, and Andrew Symes warned that the closure makes the UK reliant on imports for CO2 and ethanol, calling that 'risky'.
Insights by Ground AI
Does this summary seem wrong?
9 Articles
9 Articles
U.S. Trade Deal Triggers Shut Down of Britain's Biggest Bioethanol Plant
The UK’s largest bioethanol plant, Vivergo Fuels, will shut down after the government declined to provide emergency funding, blaming a UK-US trade deal that scrapped tariffs on American imports.
·London, United Kingdom
Read Full Article
Coverage Details
Total News Sources9
Leaning Left0Leaning Right1Center4Last UpdatedBias Distribution80% Center
Bias Distribution
- 80% of the sources are Center
80% Center
C 80%
R 20%
Factuality
To view factuality data please Upgrade to Premium
