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Search resuls for: "Grangemouth"


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☆ How R&D Funding Is Making the UK a Global Leader in Science
  + stars: | 2024-04-17 | by ( Sponsor Post | ) www.businessinsider.com   time to read: +8 min
Exscientia's growth was bolstered by government support: The company didn't take venture funding until 2019. Exscientia wouldn't be where it was, Taylor said, without the support of the UK higher education system and government funding. Martin Tangney, the chief scientific officer of Edinburgh-based Celtic Renewables, said the £11 million of funding his company received in 2015 from the UK government was "pivotal." Advertisement"We really believe … [that] basically, soon all drugs are going to be created with AI," Taylor said. AdvertisementClick here to find out more about how your business can benefit from Research & Development in the UK.
Persons: Ben Taylor, Achilles, Taylor, —, We've, Smith, Nephew, we've, Martin Tangney, isn't, ABE, you've, Tangney Organizations: Nasdaq, University of Dundee, AstraZeneca, COVID, Celtic Renewables, biosciences, Department for Science, Innovation & Technology, Edinburgh Napier University, Government, Renewables, Research & Development, Insider Studios, UK's Department for Business & Trade, Innovation, Technology Locations: Oxford, UK, Edinburgh, Scotland, Ireland, Japan, America, India, Grangemouth
☆ Scotland's sole oil refinery faces closure
  + stars: | 2023-11-22 | by ( Ron Bousso | Thomson Reuters | Ron Has Covered Since The World S Top Oil | ) www.reuters.com   time to read: +2 min
LONDON, Nov 22 (Reuters) - PetroIneos said on Wednesday it is preparing to shut down its Grangemouth oil refinery in Scotland to convert it into a fuels import terminal as it faces growing international competition. The 150,000 barrel per day refinery, Scotland's only oil refinery and one of six in Britain, is expected to continue operating until spring 2025, PetroIneos said in a statement. PetroIneos will soon start preparatory work to enable the future transformation of its Grangemouth refinery into a fuels import terminal, it said in a statement. The timescale for the shutdown is yet to be determined exactly but the preparatory work is expected to take around 18 months, with the refinery expected to continue operating until spring 2025. The plan includes converting the site of the refinery into a fuels import hub.
Persons: PetroIneos, Franck Demay, Ron Bousso, Louise Heavens, Jane Merriman Organizations: PetroIneos Refining, Grangemouth, Thomson Locations: Grangemouth, Scotland, Britain, Asia, Finnart, PetroChina, France
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