October 2014 saw the shutdown of the last
of Kurnell refinery’s process units and the
commencement of the new Kurnell terminal, now
Australia’s largest transport fuels terminal. This
was the most significant achievement of 2014 and
a milestone for the transition project announced
in July 2012. The purpose of the project was to
enable continued reliable supply of transport
fuels to Caltex customers, while stemming
Kurnell refinery operating losses and reducing
our exposure to volatile refining margins.
The new terminal supplies fuel to retail sites and
commercial customers across New South Wales
and the Australian Capital Territory. It will provide
660 million litres of storage capacity once stage
two is completed in 2016.