Overview
- Viva Energy said the Geelong refinery is producing about 60% of petrol and 80% of diesel and jet fuel, with a goal to top 90% within weeks.
- Trading in Viva shares resumed after a four-day halt that followed the refinery fire.
- Inspections over the weekend found the damage was confined to the alkylation unit, which makes a key high-octane component used in petrol.
- The company expects to maintain normal deliveries by using on-site fuel stocks and drawing extra imports through coastal terminals and its partner Vitol.
- The refinery supplies about half of Victoria’s fuel and roughly 10% of Australia’s total, a disruption that briefly lifted rival Ampol’s share price before it eased.