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flag ExxonMobil to close Scotland’s Fife ethylene plant by Feb 2026, cutting 179 jobs, due to high costs and lack of UK government funding.

flag ExxonMobil will shut its Fife ethylene plant by February 2026, saying the site is too costly to run and would require nearly £1 billion to stay viable. flag The closure will cut 179 jobs and 250 contractor roles, with around 50 employees possibly relocating to Hampshire. flag The UK government declined financial support, arguing the plant has no workable future. flag Scotland’s deputy first minister called the decision disappointing and announced a taskforce to help affected workers and push for action on energy costs. flag The move, following the recent Grangemouth refinery shutdown, deepens concerns about Scotland’s industrial future.

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