Government will not offer bailout to UK's largest bioethanol plant
Owners Vivergo, a subsidiary of Associated British Foods, had warned that the plant would close without government support, and sources at the company have told Sky News the wind-down process is now likely to begin.
An ABF spokesperson, which also owns Primark, said the government's decision was "deeply regrettable" and it had "chosen not to support a key national asset".
Seems to be a "key national asset" in the sense that Ed Miliband is a key national asset.
Government sources said they had employed external consultants to provide advice, and pointed out that the plant had not been profitable since 2011.
Government sources said they had employed external consultants to provide advice, and pointed out that the plant had not been profitable since 2011.
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