Parent company of Prax Group, State Oil, has been forced to call in administrators due to mounting losses at the refinery, according to industry sources.
An official announcement is expected later today.
News
Lindsey oil refinery owner Prax Group enters insolvency
Owner of Lindsey oil refinery in Lincolnshire, Prax group, has entered insolvency proceedings, putting hundreds of jobs at risk, according to Sky News report this morning.