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