What might the future hold for Grangemouth?

Days later, the new Scottish secretary Ian Murray said the UK and Scottish Governments had commissioned a £1.5m report to explore options for the sites future.

Speaking to BBC Scotland News, Ian Murray said that governments in London and Edinburgh had been working “hand in glove”.

He said: “It’s an incredibly exciting proposal, it gives a big commitment from both governments that we are committed to the long term future of Grangemouth.

“It sends out a very clear message that both governments are working together in the interests of the people in Scotland.”

Mr Murray has recently said he believes the Grangemouth site could become a “bio plant” for greener industries, such as sustainable aviation fuel.

A working group, co-chaired by the UK government Energy Secretary Ed Miliband and the Scottish government’s acting Energy Secretary Gillian Martin will also co-chair a working group tasked with looking at the future of the plant.

Mr Miliband said the UK government “will leave no stone unturned” in seeking a future for the Grangemouth site.

While, Gillian Martin added the Scottish government’s “wish” is for “refining to continue at Grangemouth for as long as practicable”.