Finance
Greenergy proposes to close Immingham biodiesel plant, 60 jobs at risk
Published by Global Banking & Finance Review®
Posted on July 10, 2025
2 min readLast updated: January 23, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on July 10, 2025
2 min readLast updated: January 23, 2026
Greenergy plans to close its Immingham biodiesel plant, risking 60 jobs, due to unsupportive market conditions and policy uncertainty.
By Robert Harvey
LONDON (Reuters) -Global commodity trader Trafigura's UK-based biofuel producer and fuel distributor Greenergy will begin a consultation with employees to close its biodiesel plant in Immingham, northeastern England, it said on Thursday.
Around 60 jobs will be subject to the consultation process, a spokesperson told Reuters.
It would mark the latest blow for Britain's fuel industry, a week after the nearby Lindsey oil refinery's owner Prax announced insolvency, putting 420 jobs at risk.
Greenergy shut down the plant and placed it under strategic review at the end of May, citing "unsupportive" market conditions despite "implementing significant cost reduction measures".
The company acquired by Trafigura last year, said slower increases in UK biofuels mandates compared to European countries, as well as competition from U.S. exports, had negatively impacted the plant.
"In light of continuing market pressures, we unfortunately do not have enough certainty on the outlook for UK biofuels policy to make the substantial investments required to create a competitive operation at Immingham," Greenergy CEO Adam Traeger said.
Greenergy's Immingham plant supplies around a quarter of the UK's biodiesel production, and is one of three that the company operates alongside its facilities in Teesside, UK, and Amsterdam, the Netherlands.
Biodiesel plants such as Greenergy's at Immingham convert waste oils into biodiesel, which is then blended into the conventional diesel to displace some fossil fuel in the road fuel mix and help curb emissions.
(Reporting by Robert Harvey; editing by Barbara Lewis)
Greenergy plans to begin a consultation process to close its biodiesel plant in Immingham, affecting around 60 jobs.
The decision was influenced by unsupportive market conditions, slower increases in UK biofuels mandates, and competition from U.S. exports.
Greenergy's Immingham plant supplies around a quarter of the UK's biodiesel production, making it a crucial facility in the industry.
The announcement follows the insolvency of the nearby Lindsey oil refinery, which put 420 jobs at risk.
Greenergy expressed uncertainty about the outlook for UK biofuels policy, which affects their ability to make substantial investments.
Explore more articles in the Finance category
