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…
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