You are here

ExxonMobil to expand Australia refinery to supply more diesel, jet fuel

38222446 - 29_04_2016 - FILES-US-ENERGY-EARNINGS-EXXONMOBIL.jpg
ExxonMobil Corp said on Thursday it plans to expand its Altona refinery in Australia by 10,000 barrels per day (bpd) to 90,000 bpd to increase output of diesel and jet fuel for the local market.

[MELBOURNE] ExxonMobil Corp said on Thursday it plans to expand its Altona refinery in Australia by 10,000 barrels per day (bpd) to 90,000 bpd to increase output of diesel and jet fuel for the local market.

The project, due to be completed in 2017, will also improve the energy efficiency of the plant in Melbourne by recovering some waste heat. "ExxonMobil Australia is focused on making strategic investments to improve our competitive position," the company's local chairman Richard Owen said in a statement.

ExxonMobil's main competitor in the local market is Vitol-controlled Viva Energy Australia, which owns the 120,000 bpd Geelong refinery near Melbourne.

REUTERS

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom