The Mossmorran ExxonMobil plastics plant is “currently losing £1m a week”, the Prime Minister has said.

ExxonMobil announced on Tuesday that it is planning to close its plastics plant in Fife, putting more than 400 jobs at risk.

The closure comes after the petrochemical giant “considered various options” to continue production and tested the market for a potential buyer.

Speaking out on Wednesday, Paul Greenwood, the chairman of ExxonMobil, said “deliberate” policies of the UK Government are “undermining” the business, contributing to the decision to close the ethylene manufacturing plant at Mossmorran in February.

UK industry minister Chris McDonald has indicated the Government is not prepared to keep the site open.

At Prime Minister’s Questions on Wednesday, Starmer acknowledged the

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