Scott Group and Stuart Petroleum in Port Bonython diesel project link
by LLDCN 11:50AM, 09 Aug 2007
The Scott Group of Companies and Stuart Petroleum had linked through a joint venture to create a diesel refinery and transportation hub at Port Bonython to take advantage of the state's growing resources boom, the South Australian companies said yesterday (Wednesday, August 8).
The new firm, Port Bonython Fuels, will drive the project.
“Our company is proud to be investing with Stuart Petroleum in an important infrastructure development for South Australia,” Scott chairman Allan Scott said.
“The project complements our long history in this state and in particular, its emphasis on regional development.”
So far, the companies expected to spend $45m on the stage-one tank farm, with the cost of the stage-two refinery still to be worked out, a Scott spokeswoman said.
The transmodal terminal includes a:
• Fuel storage terminal with 80m litres capacity;
• Marine loading and unloading facilities;
• A road tanker loading and unloading facility;
• Provisions for future rail access; and
• A diesel refinery with a minimum capacity of 100m litres a year.
Both companies emphasised the support for the project they received from the state Department of Transport, Energy and Infrastructure.
Part of the project's attraction was that it would avoid congestion around Port Adelaide and Scott would initially relocate much of its tanker truck fleet north to service it, the spokeswoman said.
The facility will also be available to supply seasonal demand during grain harvest.
Stuart managing director Tino Guglielmo told the Adelaide Advertiser detailed discussions had already been held with the South Australian Government about securing a site on the Spencer Gulf.
He said talks had also been held with major banks about funding and large oil companies.
`We can bring large vessels into this deepwater hub, import for lower costs and import at a site closer to consumption,” he said.
“It means a more efficient and robust and lower-cost supply chain.”
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