Viva Energy announces finalised agreement terms for new storage build at Geelong refinery

Viva Energy Australia has finalised the grant agreement terms that will enable Viva Energy to build 90 million litres of new strategic diesel storage at its Geelong Refinery, under the Federal Government’s Boosting Australia’s Diesel Storage Programme.

Subject to regulatory approvals, construction of the new diesel storage is expected to commence shortly with completion planned for mid-2024, prior to the introduction of stage 2 of the Minimum Stockholding Obligations. 

With a total project cost estimated at between $75-85 million, the grant will cover up to 50 percent of total eligible expenditure up to a maximum of $33.3 million.

For more information visit www.vivaenergy.com.au