The decision was made following an extensive review of operations at Australia’s smallest refinery, which commenced operation in 1949. The review considered the competitive supply of products into Australia, declining domestic crude oil production, future capital investments and the impacts of these factors on operating earnings.
“We are grateful for the tremendous efforts by our employees to improve the viability of the operation,” said Nathan Fay, chairman of ExxonMobil Australia. “We extend our thanks to the federal government for the significant support offered to Altona and other refineries. Our decision to convert our facility to a terminal is not a reflection of those efforts.”
The Altona refinery will remain in operation while transition work is undertaken to ensure continued reliable fuel supply for our Mobil customers. During the transition ExxonMobil’s priorities will remain the same as ever — meeting the expectations of employees, customers and business partners, while maintaining a consistent focus on safe, reliable and efficient operations.
ExxonMobil will remain a critical supplier of energy to Australia, including through its operation of the Gippsland Basin joint venture which supplies 40% of eastern Australia’s energy needs.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.