Australian ULSG Project Faces Delays

Researched by Industrial Info Resources (Sugar Land, Texas)--Viva Energy's (ultra-low sulfur gasoline (ULSG) project in Victoria, Australia has encountered setbacks in its timeline due to ongoing supply delays, affecting plans to enhance its facilities for low-sulfur fuel production and build a new processing unit. The ULSG project, which was scheduled to be completed by the end of 2024, has been delayed due to critical component deliveries, pushing the completion date back to the latter half of 2025. The company has engaged with the federal government in order to obtain a temporary waiver. The total investment of approximately $350 million includes government contributions, of which $84 million has already been invested. IIR is closely monitoring this development, as it plays an essential role in adjusting gasoline specifications to meet Australian Euro 6 fuel requirements.

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Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 trillion (USD).