Pro­duc­tion pumped up

The Gold Coast Bulletin - - BUSINESS -

THE Al­tona Re­fin­ery is to re­ceive its big­gest sin­gle in­vest­ment in more than a decade, in­creas­ing its crude oil stor­age ca­pac­ity by al­most half.

Owner ExxonMo­bil Aus­tralia will to­day an­nounce a $50 mil­lion in­vest­ment to build a 100 mil­lion litre tank at the re­fin­ery in Mel­bourne’s western sub­urbs.

The new stor­age fa­cil­ity will equal the size of Aus­tralia’s big­gest ex­ist­ing crude oil tank in Gee­long.

It will al­low the Al­tona op­er­a­tion to quickly un­load crude from ships, low­er­ing costs and mak­ing the re­fin­ery more glob­ally com­pet­i­tive.

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