In this week’s episode, our host Alex explores Britain’s shrinking refinery sector, which has fallen from over 20 sites in the 1970s to just 4 today. The Prax Lindsay Oil Refinery is now closing, marking another blow to the industry. Meanwhile, the owners’ fortunes have reversed, shifting from Rich List billionaires to facing a £250 million outstanding tax bill to the UK government. Alex unpacks two decades of refinery shifts across Europe, what keeps them viable, and the real factors driving profitability.

This recent closure brings great sadness to the Wolfe Power Club as we know many of the highly skilled workers were affected. Alex has spent 20 years helping companies and organisations buy, sell and make downstream assets work. This week, we will be doing a deep dive into refinery economics.

Credits

Stunning Evening Drone Footage Of The Lindsey Oil Refinery (Trevor Smith - YouTube)

4K Drone Refineries Port Arthur TX 60fps (TomsDs - YouTube)

Too big too fast: how $10bn UK energy challenger Prax unravelled (Financial Times)

"What Has Gone Wrong?!" | Lincolnshire Oil Refinery To Shut After Owner Goes Bust (TalkTV - YouTube)

July 2025 (Portland Fuel)

Wolfe Power Club is proud to be partnering with the Spectator Magazine to co-host their Energy Summit 2025 on November 24th. If you want to become a potential partner and have the last word on energy debates in 2025, please contact us.

Call to Action:

- A focus on investment trends, governmental policies, and the evolving landscape of energy consumption, it promises to provide valuable insights for both industry professionals and the general public.

Contact Information:

- If you would like to be on a future episode or you would like to become a sponsorship partner, contact us: emilia@wolfepowerclub.com.

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Credits:

- Funk You, Abbynoise, Music from #Uppbeat (free for Creators!): https://uppbeat.io/t/abbynoise/funk-you - License code: 5CEYMJHNJPK0L1G5

- Flomp Beat, All Good Folks, Music from #Uppbeat (free for Creators!): https://uppbeat.io/t/all-good-folks/flomp-beat - License code: G9H2S0LXXPH5NCG2

Sponsorship:
Season One is sponsored by Aim Recruit – https://aimrecruit.com/
Aim Recruit is an expert recruiter for transport, logistics and energy position...