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Australian Refinery Announces 2021 Pathway, An Industrial Info Market Brief, an Industrial Info Market Brief

Viva Energy's Geelong Refinery has released its 2020 financial report, which outlines its 2021 (and beyond) pathway for recovery and growth.

Released Friday, February 26, 2021

Australian Refinery Announces 2021 Pathway, An Industrial Info Market Brief, an Industrial Info Market Brief

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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.
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