Business
ExxonMobil closes Altona oil refinery after review finds it is not economically viable – ABC News
ExxonMobil announces the closure of its Altona refinery plant in Melbourne after a review finds it is no longer economically viable.
The future of 350 workers is uncertain after ExxonMobil announced the closure of its Altona oil refinery plant in Melbourne’s west.
Key points:
- An extensive review from the company found the Altona site was not economically viable
- The Federal Energy Minister says the decision is “extremely disappointing”
- But the union representing the workers says the potential job losses show the Government needs to invest in “jobs of the future”
The refinery started operating in 1949, but the company says a review…
Continue Reading
-
Business22 hours ago5 things to watch on the ASX 200 on Monday 1 September 2025
-
Noosa News22 hours agoStar Brisbane cricketer finds home in suburb with shocking popularity rise
-
Business13 hours agoIAG shares are racing higher today. Here’s why
-
Noosa News11 hours agoProp Allan Alaalatoa returns to the Wallabies line-up for Rugby Championship game against Argentina