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

STARSHIPS WERE MEANT TO DELIVER DOMINO'S PIZZA

NICKI Minaj may have been off the mark when she declared 'starships were meant to fly'. However, she m...

QUEENSLAND WEATHER UPDATE: MAJOR AIRPORTS STILL IN BUSINESS DESPITE CANCELLATIONS AND DELAYS

DESPITE the storms and flash floods which are continuing to wreak havoc across several Queensland cities and towns...

STARS ALIGN AS GOLD COAST ICON REBRANDS

TODAY marks a shift in the Gold Coast's constellation as the iconic Jupiters Hotel and Casino officially rebra...

OROTON GOES CLICKS AND BRICKS AS PROFITS SLIDE

TWO former Aussie lawyers have turned their passion for fashion into a $15 million dollar international business six ...

Related News

STARSHIPS WERE MEANT TO DELIVER DOMINO'S PIZZA

NICKI Minaj may have been off the mark when she declared 'starships were meant to fly'. However, she m...

RAY OF HOPE FOR SLATER AND GORDON AS LENDERS STEP IN

EMBATTLED law firm Slater and Gordon (ASX: SGH) has announced to the ASX that it has launched confidential discussion...

SPROUTX PROVIDES THE SEED FOR AGTECH STARTUPS

AGTECH innovation fund SproutX has opened applications for its first accelerator round, backed by $10 million from...

GAS PRICES MAY FORCE BRICKWORKS TO TAKE MANUFACTURING OVERSEAS

BRICKWORKS Limited (ASX:BKW) chairman Robert Millner says soaring energy prices may force the company to turn to offs...

EVENTS COMING UP

 

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter