The Business Times
The Business Times
Subscribe
Share on FacebookShare on TwitterView more
The Business Times
Create a free account with Business Times for seamless access across SPH Media products.
REGISTER
LOGIN

Companies & Markets

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

Published Thu, May 12, 2016 · 07:09 AM
Share this article.

[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

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Energy & Commodities

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here