CORYTON oil refinery will know what it is worth to potential buyers when its indicative offers are revealed on Monday.
The refinery’s parent company fell into administration in January with reported debts of £1.5billion.
Administrators Pricewaterhousecoopers said a new finance deal of £632.6million is needed by May to keep the refinery running in the medium term, or it may have to shut down.
Administrators have also been in talks with the Government about possible financial support.
Speaking after a progress meeting with stakeholders at the refinery on Monday, Labour Euro MP Richard Howitt said: “The prospect of closure remains real, which is why overcoming the latest hurdle of winning support from those who are owed money is a small, but significant step.”
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