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Released February 26, 2021 | manila
en
Viva Energy's Geelong Refinery has released its 2020 financial report, which outlines its 2021 (and beyond) pathway for recovery and growth. The important aspects of the report are:
- Refinery's return to full production with major maintenance completed.
- To work closely with the Australian federal government on a long-term fuel security package that follows the temporary refinery production payment, which concludes in June 2021.
- To secure approvals to proceed with liquefied natural gas storage terminal
- To respond to the federal government's tender for additional diesel storage, with emphasis on minimum stock-holding obligations.
- To obtain material progress on the development of the Geelong Energy Hub through completed memoranda of understanding with key consortium partners for a gas terminal project, with strategic alliance for potential development of hydrogen manufacturing and a refueling hub.
- To manage associated impacts of announced refinery closures (Kwinana and Altona)
- To explore the next phase of developments across hydrogen, solar, gas-to-power and waste-to-energy.
