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World News – UA – Bp to stop production at Kwinana refinery and convert to fuel import terminal

bp Australia announced today that it will cease fuel production at its refinery in Kwinana and convert it to an import terminal, thereby helping

bp Australia today announced that it will cease fuel production at its Kwinana refinery and convert it to an import terminal, helping to ensure continued security of fuel supply for Western Australia

The refinery near Fremantle has supplied fuels to Western Australia for 65 years However, the continued growth of large-scale export-oriented refineries throughout Asia and the Middle East has structurally altered the australian market

Regional oversupply and sustained low refining margins mean Kwinana refinery is no longer economically viable After exploring multiple possibilities for the future of the refinery, bp concluded that the conversion into a terminal d ‘import was the best option

Frédéric Baudry, Country Director of bp Australia, said: “bp’s Kwinana refinery has played an important role in the development of Western Australia It has helped support the early development of the surrounding community and key industries Generations of West Australians have worked at the facility, building a fantastic legacy of safe and reliable operations that we will always be proud of.

« The decision taken today to cease refining is difficult and in no way the result of local political parameters It comes in response to long-term structural changes in the regional fuel market Conversion into an import terminal does not will not affect the safe and reliable supply of quality petroleum products to Western Australia; however, it will take fewer people to run We deeply regret the resulting job losses and will do all we can to support our people throughout the transition « 

The refinery currently employs around 650 people – 400 permanent and 250 subcontractors Refining activities will be completed over the next six months, with a conversion workforce supporting site work The new terminal will support construction work until 2022 When completed, the import terminal is expected to support around 60 jobs

« bp is committed to playing a leading role in growing Australia’s future prosperity, making significant investments in natural gas production, as well as in convenience and mobility activities », Declared Frédéric Baudry

This includes strengthening its position in the North West Shelf joint venture through gas exploration at Ironbark and investing in retail growth, as well as advancing low carbon projects with Lightsource bp It is also evaluating the feasibility of a large-scale hydrogen export plant in Geraldton (WA) in partnership with the federal government

« We are particularly excited about the ambitions shared with Western Australia to be net zero by 2050 and the opportunities that this can offer, » added Frédéric Baudry

In addition to investing in an import terminal at Kwinana, bp is also exploring future options for the site, including a potential clean energy hub to harness existing and emerging technologies needed to decarbonise the Western Australian economy A multi-purpose clean energy hub could produce and store low-carbon fuels, including sustainable aviation and marine fuels and energy recovery solutions such as renewable diesel

bp has informed the state and federal government of its decision and appreciates their efforts to support the industry in Australia

BP, Kwinana oil refinery, Kwinana beach, oil refinery

News from the world – UA – Bp will cease production at the Kwinana refinery and convert to a terminal of  » fuel import


SOURCE: https://www.w24news.com

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