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Friday 11 Nov. 2016  - 9:30 A.M. AEST

ExxonMobil to Expand Yarraville Terminal Storage Capacity

Two new tanks will increase storage capacity for unleaded petrol and jet fuel
Will help meet Australia’s growing demand for transportation fuels
Construction to begin November 2016 with 2018 target for completion

MELBOURNE – ExxonMobil’s subsidiary, Mobil Oil Australia (ExxonMobil), today announced plans to expand storage capacity at its Yarraville terminal to improve the flexibility of its local refining and supply operations, which will also help meet Australia’s growing demand for transportation fuels.

ExxonMobil will construct two tanks at Yarraville, Melbourne’s largest fuel storage and distribution terminal, to store unleaded petrol and jet fuel. The additional storage at Yarraville terminal will primarily support ExxonMobil’s fuel shipping activities via the adjacent Holden dock. Construction will begin during the second half of 2016 and is expected to be completed by 2018.

“Construction of these new tanks will enhance our ability to supply high-quality jet fuel and unleaded petrol to our customers, helping to meet the growing demand for fuel in Australia,” said Andrew Warrell, manager of refining for Australia and New Zealand.

Increasing Yarraville terminal’s storage complements other major investments announced earlier this year to improve ExxonMobil’s competitive position, including construction of a 3 kilometre pipeline connecting Yarraville terminal to the Somerton jet fuel pipeline and work to increase Altona refinery’s production. During the past five years, ExxonMobil has invested more than $400 million at the Altona refinery and Yarraville terminal.

Yarraville terminal receives both locally-refined and imported fuels and is ExxonMobil’s primary distribution terminal in Melbourne for the supply of petrol, diesel and jet fuel throughout Victoria.

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Learn more about us at www.exxonmobil.com.au. Follow us on Twitter: @exxonmobil_aus

Contact:

Enquiries: Travis Parnaby, ExxonMobil Australia, Ph: +61 3 9261 0022 E: travis.j.parnaby@exxonmobil.com

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