Viva Energy Australia has opened its new 100 million litre crude oil tank at its Geelong Refinery.
The $50 million crude oil tank project was a significant growth investment for the refinery, which will not only increase its production capabilities, but also improve fuel supply security for Victoria.
Viva Energy GM Refining Thys Heyns, says: 'This tank increases our crude storage capacity by 40% and in fact can hold enough crude oil to produce all the fuel required to meet Victoria's needs for about three days.
'In addition to the tank, we've invested millions in other infrastructure projects such as the $23 million pumping station, which increases the amount of fuel transported by pipeline to Melbourne by 25% and a $4 million upgrade to our jet fuel gantry to improve supply to Melbourne and Avalon airports.'
Additionally, Viva Energy has also announced it has been given approval to build a $15 million bitumen export facility, a $23 million, 25 million litre petrol tank and a $7 million revamp of its crude distillation unit furnace.
Heyns adds: 'All of these projects further demonstrate our commitment to build a sustainable business in Geelong and support our customers in Victoria.'
Storage for Mexico's new energy eraVenezuela's oil sector in tailspin A midstream first for Oman Redrawing the global oil & gas picture Regulatory update for US tank terminal operators A new leading European port Adaptable logistics for a changing market Boom time for storage in America Surviving hurricane season: preperation is key Storm preparation: flood risk and buoyancy hazards