23rd January 2017
Today the Government is set to launch its green paper for a new Industrial Strategy for the UK.
Chris Hunt, Director General of the UKPIA commented: “The UK Petroleum Industry Association welcomes the launch of a new industrial strategy for the UK and looks forward to responding to the consultation.”
“Designed correctly, a purposeful industrial strategy can help create an environment where industry can deliver and thrive. Above all, a long-term strategy should seek to address the competitiveness challenge affecting UK manufacturing and seek to establish regulatory stability and confidence for industry.”
“Our downstream oil sector in the UK plays a pivotal role in powering our nation’s mobility and fuelling our economic engine and national growth. We urge government to remain mindful of the essential processes and products provided by UKPIA members and similar key infrastructure providers that facilitate the solid industrial platform upon which the nation can build a bright post-Brexit future. To that end, we stand ready to engage in the development of a meaningful industrial and energy strategy for the future.”
Enquiries to: Press Office, Tel. 020 7269 7600
Notes to Editors:
- UKPIA represents eight oil refining and marketing companies that operate the six major oil refineries in the UK and source over 86% of the transport fuels used. UKPIA members also own around 1,216 of the 8,494 filling stations in the UK.
- UKPIA members supply over 33% of the UK’s primary energy needs and support the employment of 88,100 people across the UK.