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Vivergo Fuels/PA Wire
The UK’s largest bioethanol plant is to shut, its owner has said, after the government decided not offer the struggling factory an emergency funding settlement after months of fraught negotiations.
Vivergo Fuels had been locked in talks over its future with the business department since June, after it warned an element of the UK-US trade deal had left its operations financially unviable .
But in a statement on Friday, the ABF-owned firm said its Hull plant would not be able to continue operations after the government confirmed it would not “support a businesses that would be profitable under a sensible regulatory environment”.
The plant’s top brass held the Starmer administration’s decision to abolish a 19 per cent tariff on bioethanol imports from America res
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