Shell Australia looks to sell Geelong refinery

Shell Australia is looking for a buyer for its only refinery in southeastern Australia, the Geelong refinery, as part of Shell’s global strategy to concentrate investments on large-scale sites, such as the company’s Pulau Bukom refinery in Singapore.

The Geelong refinery can process up to 120,000 b/d. In an Apr. 4 news release, Shell said other parties are likely to want to enter or expand in the Australian refining market.

The 118,000-b/cd facility, opened in 1954, is about 50 km west of Melbourne in Victoria.

The plant produces ultralow-sulfur diesel among a wide range of products (OGJ Online, July 16, 2002).

OGJ’s statistics for Geelong show capacities of 40,000 b/cd catalytic cracking, 11,000 b/cd semiregenerative catalytic reforming, 20,000 b/cd cyclic catalytic reforming, and 113,500 b/cd hydrotreating (OGJ, Dec. 3, 2012).

Andrew Smith, Shell Refining (Australia) Pty. Ltd. vice-president, said he hopes to conclude a sale by yearend 2014. If it cannot negotiate a sale on acceptable terms, Shell said options include converting the Geelong refinery into an import terminal.

Shell has done that with its former Clyde refinery in Sydney where conversion is under way.

Separately, Caltex Australia Ltd. recently announced plans to convert its Kurnell refinery in Sidney to an import terminal. Chevron Corp. owns half of Caltex Australia.

Shell has operated in Australia for more than 110 years. It supplies fuel to around 900 Shell-branded service stations across Australia—along with aviation fuel, marine fuel, chemicals, bitumen, and lubricants.

Related Articles

NGSA asks Congress to pass bills facilitating LNG exports

03/27/2014 The Natural Gas Supply Association called on Congress to support legislation that would facilitate more LNG exports. “Exporting LNG overseas will h...

IHS: Western sanctions indirectly could hinder Russian oil, gas revenues

03/27/2014 Western sanctions imposed against Russian government officials and business executives regarding Russia’s conflict with Ukraine could slow the avai...

US, European energy leaders to discuss gas diversification measures

03/27/2014 Top US government energy officials and their counterparts from other G7 nations will meet early next week to discuss reducing Europe’s heavy relian...

EIA: Cushing inventories down 32% over the last 2 months

03/27/2014 According to the US Energy Information Administration, crude oil inventories at Cushing, Okla., the primary crude oil storage location in the US, d...

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected