Ready at the head of the train. A Freightliner class 66 diesel ready for departure from Grangemouth with the Elderslie intermodal express. Image Andrew Sumner of Malcolm Group Image Andrew Sumner of Malcolm Group
A trial has been held of a sub-fifty mi…
Falkirk’s councillors heard about the positive progress of the Forth Green Freeport project at a meeting of the Council’s Executive on 17 October.
It was announced on 13 January 2023 that the Forth was one of two successful bids to host one of Scotland…
Hundreds of jobs are set to be lost in the move which is expected to take place in the spring of 2025.
In November, Scottish Energy Minister Neil Gray told Holyrood that he remained hopeful he could “extend the potential life” of the refinery.
MSPs hea…
A MAJOR Scots Airport has been quietly sold as part of a huge £9.8billion deal.
Edinburgh[1] Airport and major Scottish ports were acquired in the multi-billion-pound deal.
1
The airport will continue to be managed by its current owners following the saleCredit: Andrew Barr
Fund manager BlackRock purchased the owners of the major Scottish travel[2] hub, Global Infrastructure Partners (GIP).
GIP manages $100bn of assets and holds a stake in Peel Ports, which owns ports in Glasgow[3], Greenock, Hunterston, and Ardrossan.
It also owns London Gatwick Airport and London[4] City Airport.
The deal is expected to be finalised near the end of the year.
HSBC and JP Morgan were hired by GIP to orchestrate a sale of the Scottish capital’s aviation hub.
The company has owned the airport since 2012, when it bought it from BAA.
GIP explored the airport in 2016 but was deterred by investment connected to Brexit[6] that year.
Larry Fink, 71, BlackRock chairman, said. “Infrastructure is one of the most exciting long-term investment opportunities as a number of structural shifts reshape the global economy[7].
It comes after Edinburgh West MP Christine Jardine raised concerns about the negative impact of the sale on the freeports scheme.
The Liberal-Democrat MP asked Levelling Up Secretary Michael Gove[8] how the UK government will ensure this does not negatively impact the Forth Green Freeport.
Jardine was concerned the sale may reduce confidence in the Freeport following Ineos’s announcement to close its Grangemouth oil refinery.
In reality it is the demand generated by the companies in the haulage sector and the ability of the vehicle supply side of the industry to support that demand that will determine the success or otherwise of meeting the 2050 goals.
There has been a lo…
Edinburgh MP Christine Jardine seeks meeting with Green Freeport board over concern that confidence could e undermined
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Edinburgh West Lib Dem MP Christine Jardine…
A councillor who will join a new board overseeing the creation of Forth Green Freeport says he wants to use the position to “protect the people of Falkirk and Grangemouth”.
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The submission is an important step in the process towards securing green freeport status as the team refines its visionary bid for Scotland.
At the heart of the vision – which will be delivered by the public and private sector consortium – is the re-i…
Falkirk Council must be “ready to work with all partners” in response to any job losses in Grangemouth that will follow the closure of the Petroineos refinery.
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Ch…
The ambitious Forth Green Freeport has taken another step closer to becoming a reality after submitting its Outline Business Case (OBC) to the Scottish and UK Governments.
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There is much for local people and business leaders in the north and north-east to celebrate among the details of this week’s autumn statement.
As the whisky industry breathed a sigh of relief after a further duty hike was scrapped, others cheered the…
In November of that year, the company decided to “re-size” operations, cutting down to one catalytic cracker with capacity for 150,000 barrels per day. That would focus its trading arm at the UK domestic market, and give up on exports. So that year, i…
Widespread weather disruption continues
Amber weather warning extended until 2pm on Sunday for parts of Scotland
Ten people airlifted to safety after torrential rain caused multiple landslides in Argyll and Bute on Saturday
Major rail disrup…
Widespread weather disruption continues
Amber weather warning extended until 2pm on Sunday for parts of Scotland
Ten people airlifted to safety after torrential rain caused multiple landslides in Argyll and Bute
Further rail disruption expec…