General
International support for plan to expand Viva Energy’s Geelong oil refinery to LNG terminal
It has been part of the Geelong skyline for 66 years but the future of the Corio refinery looks uncertain.
Key points:
- Viva has signed a memorandum of understanding with four major energy and investment companies
- They will work together on plans for an LNG terminal and future energy hub to be built at Viva’s oil refinery in Geelong
- If the project goes ahead it could help underpin the future of the refinery, which employs about 700 people but has faced significant financial difficulties
Viva Energy, which operates the site, is reviewing the viability of its refining business after revealing it recorded “unsustainable” losses of almost $50 million in the first half of 2020.
But today a glimmer of hope emerged for the plant, and its 700…
Continue Reading
-
Business23 hours agoBroker names 2 small cap ASX shares to buy for big returns
-
Business22 hours agoThese top ASX 200 stocks could rise 25% to 60%
-
Noosa News23 hours agoTributes continue to flow | Noosa Today
-
Noosa News22 hours agoMin Woo Lee, Adam Scott and Cameron Smith in the mix after Australian PGA opening round in Brisbane