BP BULWER ISLAND REFINERY TO SHUT NEXT YEAR
2 April 2014,
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)