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Shell in talks for Geelong refinery

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Shane Fowles: Herald Sun: September 11, 2013

SHELL has confirmed it is in talks with potential buyers for its Geelong refinery.

In encouraging signs for the 600 employees and contractors left in limbo by Shell’s decision to sell the 59-year-old refinery, the company has revealed it has held initial discussions with prospective suitors.

“We have received good interest from prospective buyers and will continue to make every effort to achieve a successful sale,” a Shell representative said.

“We will make more information available at a later stage.”

Shell announced in April that if it could not sell the refinery on certain terms, it would look at converting the site to a fuel import terminal.

The company gave itself a year to find a buyer, with the aim of finishing any sales process by the end of next year.

“Shell has consistently said the sale process is best served by employees, unions and the community working with the company to find a suitable buyer.”

The proposed sale comes as Shell focuses on large-scale sites.

Shell last September shut down its 79,000 barrel-a-year refinery in Clyde, Sydney, converting it into a fuel terminal.

SOURCE

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