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Altona refinery closure to ripple across industry – The Australian Financial Review
The concerns around the shutdown go much wider than energy production, extending to job losses and fuel security.
ExxonMobil said the refinery, the closure of which was first reported in The Australian Financial Review, is no longer considered economically viable and will be converted into an import terminal. It is the smallest in the country, old and inefficient, but produces about half of Victorias petrol output.
Federal Energy Minister Angus Taylor described the decision as extremely disappointing and insisted the governments $2.5 billion fuel security package will still improve the security of supply in…
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