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Altona refinery to convert to import terminal
Mobil will ensure ongoing, reliable fuel supply for Victoria by converting the Altona refinery into an import terminal.
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An extensive review has concluded that Altona refinery, which commenced operation in 1949 and is Australia’s smallest refinery, is no longer considered economically viable. The review considered the competitive supply of products into Australia, declining domestic crude oil production, future capital investments as well as the effects of COVID-19, and the impacts of these factors on operating earnings.
ExxonMobil Australia chairman, Nathan Fay, said he was grateful for the tremendous efforts by the refinery team to improve the viability of Altona refinery’s operation.
“We also extend our thanks to the Federal Government for the significant support offered to Altona and other refineries,” said Nathan.
“Our decision to convert our facility to a terminal is not a reflection of those efforts.”
Mobil will remain an important supplier of fuel to Victoria and maintain our significant contribution to Australia’s robust fuel supply chain.
“We are committed to maintaining our supply of high-quality fuels to our customers from the Altona site,” said Nathan.
“As we work to convert the Altona site to an import terminal, our priorities will remain the same as ever - meeting the expectations of our workforce, neighbours, customers and business partners, while maintaining a consistent focus on safe, reliable and efficient operations.
“The refinery team would like to thank our neighbours and the surrounding community for your ongoing support as we worked to maintain the refinery’s operations for more than 70 years.”
ExxonMobil Australia chairman, Nathan Fay, said he was grateful for the tremendous efforts by the refinery team to improve the viability of Altona refinery’s operation.
“We also extend our thanks to the Federal Government for the significant support offered to Altona and other refineries,” said Nathan.
“Our decision to convert our facility to a terminal is not a reflection of those efforts.”
Mobil will remain an important supplier of fuel to Victoria and maintain our significant contribution to Australia’s robust fuel supply chain.
“We are committed to maintaining our supply of high-quality fuels to our customers from the Altona site,” said Nathan.
“As we work to convert the Altona site to an import terminal, our priorities will remain the same as ever - meeting the expectations of our workforce, neighbours, customers and business partners, while maintaining a consistent focus on safe, reliable and efficient operations.
“The refinery team would like to thank our neighbours and the surrounding community for your ongoing support as we worked to maintain the refinery’s operations for more than 70 years.”