BP BULWER ISLAND REFINERY TO SHUT NEXT YEAR

Written on the 2 April 2014

BP BULWER ISLAND REFINERY TO SHUT NEXT YEAR BP plans to close its Bulwer Island refinery in Brisbane by mid-2015, following increased competition from large refineries in the Asia-Pacific region.

BP Australasia president Andy Holmes says structural changes in the fuels supply chain have put pressure on the 102,000 barrels per day plant.

“It’s against this background that we have concluded that the best option for strengthening BP’s long-term supply position in the east coast retail and commercial fuels markets is to purchase products from other refineries.

“And while more of our transport fuel demand will be met by imports in future, ample supplies are available to maintain Australia’s energy security,” he says.

The refinery employs 380 staff members, expected to drop to 25 once supply is regulated and process units are shut down.

“While this decision will significantly improve our competitive position, it will result in job losses and I would like to acknowledge the enormous commitment and contribution made over many years by our staff at Bulwer Island.”

Site managing director Tim Wall says staff will find the changes difficult to process.

“We will be putting measures in place to assist our affected employees, including transitional support and job placement assistance.

“Given the quality of our people, I’m confident that those who choose to look for alternative employment will be highly regarded by employers in this area,” Wall says.

Caltex will provide motor spirit and diesel from its Lytton refinery, to avoid service disruptions.

Plans to convert the site into a multi-product import terminal are being considered.

(Image: BP p.l.c)


Latest News

FORMER MFS EXECUTIVES HIT WITH DISQUALIFICATIONS AND MASSIVE FINES FOR MISAPPROPRIATING FUNDS

FIVE key players involved in an investment company that collapsed in 2008 owing $2.5 billion have been ordered to ...

SURFSTITCH BATTLING FOR SURVIVAL

QUEENSLAND based online retailer SurfStitch Group has gone into a voluntary trading halt for three months after it wa...

STARTUP SUCCESS BOILS DOWN TO PERSONALITY, SAYS EXPERT

THOSE who own startups will know that there are many essential qualities of a good entrepreneur; their tenacity, fina...

THE AMBITIOUS PLAN TO TURN A COLLAPSED FRANCHISE INTO AN EXPANDING BUSINESS

AUSTRALIA'S newest master franchise is set to launch in October as a commercial cleaning operation, resurrecte...

Related News

STARTUP SUCCESS BOILS DOWN TO PERSONALITY, SAYS EXPERT

THOSE who own startups will know that there are many essential qualities of a good entrepreneur; their tenacity, fina...

SLATER AND GORDON TAKES SPOTLESS TO COURT

SPOTLESS Group (ASX: SPO) has been hit by a class action launched by Slater and Gordon (ASX: SGH) in the Federal C...

TOPSHOP GOES INTO ADMINISTRATION AMID VOLATILE RETAIL MARKET

TOPSHOP has become the latest in a string of retailers blasted by the volatile retail market, as the iconic fashio...

SIGMA'S SHARE PRICE TAKES A BATTERING AS IT LAUNCHES LEGAL ACTION OVER SUPPLY DEAL

SIGMA Healthcare (ASX: SIG) has taken the MyChemist and Chemist Warehouse chains to court to demand they continue to ...

BOOK YOUR FUNCTION SPACE HERE

 

 

 

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter